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Policy
After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent
One-time Abu Dhabi regulator Teng was appointed to oversee Binance's regional markets outside the U.S. back in June of this year.
U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges
The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.
U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia
Standard Chartered chose Dubai as its base for launching crypto services. Reading between the lines, the message coming from banks and large institutions is that almost anywhere is preferable to the U.S.
EU Formally Agrees on New Crypto Tax Data Sharing Rules
The rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Digital Dollar May Pose 'Significant Risk,' Fed Governor Bowman Says
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
Why Congress Will Be the Dollar’s Downfall
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
What’s Holding Crypto Back? It’s the Founders, Not Just Regulators
Crypto companies and projects need to rethink how users interact with digital assets to build a safer, more decentralized economy, Margaret Rosenfeld, chief legal officer at Cube Group, writes.
Ben Armstrong, Founder of Bitboy Crypto Channel, Released on Bail After Arrest
Armstrong has had an apparent fallout with his former business partners, several tweets suggest.
