Alliance of 18 crypto firms rolls out the industry standard for Travel Rule compliance

Alliance of 18 crypto firms rolls out the industry standard for Travel Rule compliance

Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money... Read more »
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis

US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis

Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated... Read more »
Indonesia's Regulator Prohibits Financial Firms From Facilitating Crypto Trading

Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading

Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the... Read more »
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need... Read more »
Singapore prohibits crypto firms from advertising publicly

Singapore prohibits crypto firms from advertising publicly

Authorities in Singapore have stepped up their regulatory oversight of the crypto industry, with new guidelines prohibiting crypto service providers from promoting their services and products to the public. Singapore bars public... Read more »
Crypto firms call on U.S Congress to move with the times amid regulatory mismanagement

Crypto firms call on U.S Congress to move with the times amid regulatory mismanagement

On Wednesday, key executives at six major crypto firms testified before the House Financial Services Committee, saying shoehorning existing rules doesn’t work. Over a near five-hour stint, representatives from Coinbase, Circle, FTX,... Read more »