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South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency. A Bank of Korea official said its Virtual Asset Team will also be responsible for…
U.S. House lawmakers are back on track to push forward with landmark cryptocurrency legislation after a previous routine vote turned tumultuous earlier in the week.The U.S. House of Representatives voted 215 to 211 on Wednesday to move forward and later take a vote on the Guiding and Establishing Na…
The US House of Representatives has cleared the way for three Republican-led crypto bills to be considered in the chamber after a failed vote on Tuesday.In a Wednesday floor vote in the House, lawmakers voted 215-211 in favor of a resolution to reconsider a package with bills to regulate payment sta…
The Congress has turned into a political showpiece on Tuesday, July 15, after 12 Republicans failed a procedural vote on several crypto-related legislation. What had begun as a positive crypto week for President Donald Trump has turned sour after the Congress signaled different interpretations of ce…
A procedural vote that would have cleared the way for lawmakers to pass monumental cryptocurrency legislation has failed.On the House floor on Tuesday, lawmakers voted 196 to 223 against moving forward with voting on three bills that were scheduled for votes this week. A House aide told The Block th…
In 2025, Chile is evolving its regulatory framework for fintech, cryptocurrency, and potential Bitcoin reserves. The Central Bank of Chile has even issued a central bank digital currency (CBDC) to facilitate swift crypto transactions. The primary crypto law in Chile is its ‘Fintech Law’ (Law no.21.5…
Mexico is one of the first countries in Latin America to enact laws regulating financial technological institutions, also known as fintech law. With no specific cryptocurrency law, Mexico continues to evolve its regulatory systems in 2025, impacting financial institutions and individuals in the cryp…
Andrew Bailey, Governor of the Bank of England and Chair of the Financial Stability Board, has issued a statement, warning banks against issuing their own stablecoins. In a recent interview, Bailey expressed concerns related to the risks of financial stability in digital currency.Bank of England War…
Bank of Korea Governor Lee Chang-yong said on Thursday that allowing multiple non-banking institutions to issue local stablecoins could lead to currency chaos reminiscent of the 19th century, according to local news reports.Lee's comment comes amid South Korea's ongoing efforts to promote the issuan…
Australia's central bank said its key "Project Acacia" is entering the next phase of testing to explore how crypto assets and central bank digital currencies can support the development of the country's wholesale tokenized asset markets.In a statement released on Thursday, the Reserve Bank of Austra…
Increased market penetration and adoption of stablecoins have put a damper on the South Korean CBDC plans. The country has applied brakes on its CBDC trial program that had been ongoing since April this year in the wake of stablecoin’s resurgence amidst political backing.The Bank of Korea (BoK) conf…
Australia is one of the most favorable regions to operate crypto-related activities. It has enacted a series of rules to mandate strict compliance with consumer protection and investors’ rights. It is a crypto-friendly country with a supportive stance towards innovation in blockchain technology and …