Regulation
Ripple decries SEC’s demand for employee Slack messages on XRP
Ripple claims the SEC’s request for 1 million more of the company's internal messages is costly and unlikely to resolve disputes at the heart of the litigation.
Michelle Lim
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Regulation
Archived coverage · Forkast crypto archive
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Regulation
Digital yuan patent applications on the rise
The number of digital yuan patents is growing, with patent applications related to digital currency numbering 271 since the beginning of last year, data compiled by Mpaypass.com show, as tests of e-CNY continue under the Chinese government’s watchful eye. Fast facts The data shows that the total number of patent applications since 2020 has surpassed […]
Timmy Shen
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Regulation
Fitch warns El Salvador’s Bitcoin adoption will drag down credit rating
In another criticism of El Salvador’s planned Bitcoin adoption, global credit scoring agency Fitch Ratings has warned the move will likely adversely affect credit ratings of the country’s insurance sector, due to heightened foreign exchange and earnings volatility risk. Fast facts Fitch Ratings explained in a press release on Monday that once a law comes […]
Lachlan Keller
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Regulation
U.S. Treasury eases concerns over crypto reporting requirements
In welcome news for the U.S. crypto industry, the Treasury Department is slated to clarify that only crypto companies that fit its definition of “brokers” will have to comply with new tax reporting requirements outlined in the country’s US$1 trillion infrastructure bill, Bloomberg reports. Fast facts Quoting an anonymous Treasury source, Bloomberg reported that crypto […]
Lachlan Keller
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Regulation
Why Silicon Valley is pouring big money into India’s crypto industry
While Delhi goes back and forth over a crypto ban, crypto's huge growth potential in the world's second most populous country is captivating American venture capital.
Monika Ghosh
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Regulation
Iran tax authority pushes to legalize crypto exchanges
In a position seemingly at odds with the remainder of the country’s government, the Iranian National Tax Authority has proposed legalizing digital asset exchanges in order to better collect tax from them, according to local media outlet Eghtesad News. Fast facts The INTA also warned that imposing overly stringent regulation on the sector could have […]
Lachlan Keller
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Regulation
Samsung joins South Korean pilot to test CBDC on Galaxy smartphone
Samsung Electronics will participate in the Bank of Korea’s central bank digital currency pilot program to test the practicalities of digital currency remittances without internet availability, according to a report by the Korea Times. Fast facts An unnamed source familiar with the issue told the Korea Times: “Samsung Electronics has recently decided to participate in […]
Lucas Cacioli
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Regulation
Argentinian president tangos with Bitcoin despite central bank warning
Argentinian President Alberto Fernandez has indicated he is open to adopting Bitcoin as legal tender and a central bank digital currency, according to a media report yesterday, just two days after the head of the country’s central bank, Miguel Pesce, described cryptocurrencies as a threat to economic stability. Fast facts During an interview with media outlet Caja […]
Lucas Cacioli
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Regulation
Ghana central bank in CBDC tie-up with Germany’s Giesecke+Devrient
As African countries such as Morocco, Egypt, Kenya and South Africa continue to explore the feasibility of central bank digital currencies, the Bank of Ghana is set to launch a retail CBDC pilot project, the bank has announced. Fast facts For the pilot, the central bank has partnered with German firm Giesecke+Devrient, which will provide […]
Monika Ghosh
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Regulation
DBS Vickers wins nod for Singapore crypto license
DBS Vickers, the brokerage arm of Singapore’s DBS Bank, today announced that it has received in-principle approval from the Monetary Authority of Singapore to provide digital payment token services in Singapore as a major payment institution under the Payment Services Act. Fast facts DBS Vickers’ notification follows that of Australian cryptocurrency exchange Independent Reserve, reported […]
Michelle Lim
