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US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025.
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USDC-Issuer Circle Plans IPO, Files Paperwork with US SEC: All Details
Circle has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). If approved, Circle’s stocks will get listed on the New York Stock Exchange (NYSE) as “CRCL”. The company stated that the move seeks to enhance transparency and accountability while engaging with the investor community.
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Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
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Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
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Ripple CEO Announces End of Four-Year SEC Battle as XRP Surges: Key Details
Ripple CEO Brad Garlinghouse announced that the SEC is dropping its case after four years, crediting the US's new pro-crypto administration for its innovative approach.
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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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G7 Announces $50 Billion Loan, Backed By Russian Assets, To Aid Ukraine
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine.
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$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report
India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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Matthew Perry Only Had $1.5 Million In Personal Bank Account Before Death
Mr Perry whose net worth was estimated at $120 million at the time of his death, allocated the remainder of his assets to a $1 million trust he established in 2009.
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Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
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Philippine Town Mayor Accused Of Being A Chinese Spy: ''No One Knows Where She Came From''
During a Senate hearing, the 35-year-old mayor failed to provide details about her early life and background, fuelling suspicions about her nationality.
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Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
-
US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025.
-
USDC-Issuer Circle Plans IPO, Files Paperwork with US SEC: All Details
Circle has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). If approved, Circle’s stocks will get listed on the New York Stock Exchange (NYSE) as “CRCL”. The company stated that the move seeks to enhance transparency and accountability while engaging with the investor community.
-
Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
-
Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
-
Ripple CEO Announces End of Four-Year SEC Battle as XRP Surges: Key Details
Ripple CEO Brad Garlinghouse announced that the SEC is dropping its case after four years, crediting the US's new pro-crypto administration for its innovative approach.
-
Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
G7 Announces $50 Billion Loan, Backed By Russian Assets, To Aid Ukraine
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine.
-
$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report
India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
Matthew Perry Only Had $1.5 Million In Personal Bank Account Before Death
Mr Perry whose net worth was estimated at $120 million at the time of his death, allocated the remainder of his assets to a $1 million trust he established in 2009.
-
Mudrex Announces Rewards for Crypto Holders via New ‘Earn’ Initiative: Details
Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.
-
Philippine Town Mayor Accused Of Being A Chinese Spy: ''No One Knows Where She Came From''
During a Senate hearing, the 35-year-old mayor failed to provide details about her early life and background, fuelling suspicions about her nationality.
-
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
