Hong Kong advances stablecoin legislation introducing new rules for issuers
Hong Kong passed a bill to regulate fiat-backed stablecoins, introducing a licensing regime for issuers via the HKMA. The law aims to ensure transparency, compliance, and stability in the virtual asset ecosystem.
Coinbase Says Data Breach for 69,461 Users Occurred in December – Decrypt
Coinbase disclosed a December data breach affecting 69,461 users, involving bribed customer support agents. Sensitive data was exposed, potentially costing $180-400 million. The breach was discovered in May.
South Korea tightens crypto rules to welcome institutional investors
South Korea’s FSC introduces strict crypto rules for nonprofits and exchanges to reduce risks and prepare for institutional investors, effective June 2025.
How to handle crypto trading gains and losses on your balance sheet
Learn how to properly account for cryptocurrency trading gains and losses on your balance sheet to maintain tax compliance and financial organization.
ASIC Seeks High Court Review in Block Earner Crypto Yield Case
ASIC seeks High Court review regarding Block Earner’s crypto yield product, challenging a previous court decision on its regulatory classification.
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought
The SEC has extended its review of XRP and DOGE ETF proposals, seeking public comments. Decisions are delayed, with final rulings expected by October. Industry experts view delays as routine.
Trump Declares U.S. Crypto Dominance as Cloud Mining Gains Momentum
President Trump asserts U.S. dominance in cryptocurrency, contrasting with China’s strict regulations. Cloud mining gains popularity as a stable passive income method, with platforms like XRP Mining offering accessible solutions.
Crypto.com Approved to Provide Crypto Derivatives to EU Users | CoinGape
Crypto.com secures MiFID license from CySEC, enabling it to offer crypto derivatives and securities in the EU, expanding its regulated financial products in Europe.
GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption
The GENIUS Act aims to regulate stablecoins, boosting institutional adoption by setting clear rules for collateralization and AML compliance, following its US Senate procedural vote approval.
New Hampshire Passes Bitcoin Reserve Law: Which States Are Next?
New Hampshire became the first US state to allow Bitcoin investments for public funds. Several states, including Texas and Wyoming, may follow. 47 similar bills have been introduced across 26 states.
