The Senate Agriculture Committee recently pushed ahead with a plan to regulate the crypto market. This move came after a vote that split along party lines. Meanwhile, other important lawmakers are still working on different parts of the same bill. The committee's plan would make the Commodity Futur
The U. S. is stepping up its game in the digital asset world. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are joining forces on Project Crypto. This initiative aims to make sure the U. S. stays ahead in the digital finance race. The goal is to cr
Dubai Insurance has made a bold move by introducing a crypto wallet for its customers. This wallet allows people to pay insurance premiums and receive claims using digital currencies like bitcoin. It's a big deal because Dubai Insurance is the first in the world to offer this service. The company w
Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
In the UK, moving money to crypto exchanges is becoming a real headache. A recent study by the UK Cryptoasset Business Council (UKCBC) reveals that banks are blocking, delaying, or refusing a huge chunk of transactions between UK accounts and crypto platforms. This isn't just a small issue. Eight o
Big companies are starting to see self-custody in a new light. For a long time, they thought managing crypto keys and using personal hardware was too risky. But now, things are changing. Better tools and safer hardware are making self-custody a real option for big players. They can keep control of
UBS, a major Swiss bank, is considering a big step into the world of cryptocurrency. They want to let some of their private banking clients invest in digital assets. This could be a game-changer for UBS, as they manage a huge amount of wealth, around $4. 7 trillion. The bank is currently looking fo
Kansas is looking at a new way to handle digital money. Lawmakers there want to create a special fund for Bitcoin and other digital assets. This isn't just about holding onto these assets but also about managing and growing them. The idea is to update old laws about unclaimed property. Right now, i
Hong Kong is making waves in the digital money world. The city's finance chief, Paul Chan, recently talked about their plan at a big meeting in Davos. He said that mixing money and tech is cool, but rules are needed to keep things safe. Chan explained that digital money should help the real world,
A year after Gary Gensler stepped down as the top boss at the SEC, things have changed a lot in the crypto world. People in the crypto industry weren't big fans of Gensler's strict rules and actions. This led to companies like Ripple Labs supporting political candidates who were more crypto-friendly
