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Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

[Jul 19 1:30 PM] The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over…

U.S. House Fails to Override Biden's SEC Veto of Bill That Would End Controversial SEC Guidance

[Jul 11 9:42 AM]

New York Tightens Customer Service Regulations for Crypto Companies

[May 31 5:11 PM] The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair…

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

[Aug 8, 2023 3:02 PM] The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.

Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies

[Apr 13, 2023 4:30 PM] According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project…

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

[Feb 5, 2023 1:00 PM] Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold…

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

[Jan 23, 2023 2:00 PM] On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses…