US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national Bitcoin reserve to address threats from economic wars. During a Bloomberg interview on June 3, Lummis said that some US generals, especially those based in Southeast Asia, support the idea of storing BTC as part…
What is crypto regulation (and why it matters more than ever)? Crypto regulation is becoming a foundational part of how digital assets function globally. Crypto regulation is the evolving rulebook that defines how digital assets are built, traded and used. It spans everything from tax rules and Anti-Money Laundering (AML) checks to licensing, custody standards…
Coinbase’s recent data breach is prompting renewed calls to remove Know Your Customer (KYC) requirements in licensed cryptocurrency exchanges. Illicit actors bribed the exchange’s overseas customer service agents in December 2024 to gain access to the personal information of 70,000 users. In May, Coinbase admitted that hackers had obtained data such as government-issued ID photos…
BCP Technologies, a United Kingdom-registered cryptocurrency firm, has launched a new British pound-backed stablecoin. The company revealed the rollout of its Tokenised GBP (tGBP) stablecoin in an announcement shared with Cointelegraph on June 3. TGBP is now live on BCP Technologies-operated crypto trading platform, BCP Markets, and is available to customers who pass Know Your…
Texas Republican Representative Brandon Gill is facing scrutiny after filing late disclosures for up to $500,000 in Bitcoin purchases, potentially violating federal law. Gill, a first-term House member known for his bill proposing President Donald Trump’s face on the $100 bill, has reported two Bitcoin (BTC) purchases, each valued between $100,001 and $250,000, made on…
Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets. The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million). The latest acquisition brings the firm’s total holdings…
A stablecoin-regulating bill will soon be on the US Senate floor for debate, and crypto lobbying groups have called on lawmakers to focus on passing the bill, as some senators have flagged possible amendments. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act could pass the Senate as soon as this week. It…
Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as…
Australia’s national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, as federal police say scams through the kiosks are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is enforcing a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs, scam…
The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services. On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration…