Policy

A London court heard of the seizure Tuesday as part of the trial of Jian Wen, who is accused of laundering bitcoin on behalf of her former employer, Yadi Zhang, FT reported.

By Jamie Crawley

Jan 31, 2024 at 3:35 p.m. UTC

Jan 31, 2024

CrimeMoney LaunderingPolicy

Central banks from Mexico and Colombia studied crypto's role in the developing world (Flickr)

Consensus Magazine

Opinion

Test and Deploy: A New Era for CBDCs

Live CBDCs have been met with underwhelming demand. However, some central banks are pushing ahead with more modestly-scaled efforts laser focused on specific use cases.

By John Kiff Chris Ostrowski

Jan 17, 2024 at 3:55 p.m. UTC

Jan 17, 2024

OpinionCBDCsPolicycentral banks

Policy

Japan

Japan's Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains

Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry's development, which it sees as a pillar of economic reform.

By Sheldon Reback

Dec 25, 2023 at 11:01 a.m. UTC

Dec 25, 2023

JapantaxationPolicyRegulationWeb3

Revolut to Suspend Certain Crypto Services (Kaysha/ Unsplash)

Policy

Regulations

Revolut to Suspend UK Crypto Services, Citing FCA's New Ad Rules

Many crypto firms have had to withdraw their services to adjust to the Financial Conduct Authority's promotions rules which came into effect in October.

By Camomile Shumba

Dec 18, 2023 at 4:22 p.m. UTC

Dec 18, 2023

RegulationsCryptoPolicyUKRevolut

Mathieu Michel, Secretary of State for Digitalization, Belgium (Thomas Daems)

Policy

Regulations

Belgium to Push European Blockchain Network During EU Council Presidency, Digital Minister Says

EU-wide blockchain services could support the bloc’s pursuit of digital sovereignty, Mathieu Michel told CoinDesk.

By Sandali Handagama

Dec 18, 2023 at 11:51 a.m. UTC

Dec 18, 2023

RegulationsBelgiumEUBlockchainPolicy

Markets

Regulations

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms

This week, two of the country’s largest banks announced crypto initiatives.

By CoinDesk Staff

Dec 13, 2023 at 3:28 p.m. UTC

Dec 13, 2023

RegulationsTurkeyCryptoPolicyAdoption

Policy

Regulations

Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB

A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."

By Amitoj Singh

Nov 28, 2023 at 10:55 a.m. UTC

Nov 28, 2023

RegulationsFsbFinancial Stability BoardCryptoReportsPolicyG20

Finance

Binance

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

One-time Abu Dhabi regulator Teng was appointed to oversee Binance's regional markets outside the U.S. back in June of this year.

By Ian Allison

Nov 21, 2023 at 7:58 p.m. UTC

Nov 21, 2023

BinanceCZPolicy

The Fed will not issue a CBDC without executive branch and Congressional support. (Jesse Hamilton/CoinDesk)

Policy

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

By Will Canny

Nov 15, 2023 at 8:51 a.m. UTC

Nov 15, 2023

USCBDCsFederal ReservePolicy

Policy

Regulations

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transaction...

By Amitoj Singh

Nov 9, 2023 at 11:28 a.m. UTC

Nov 9, 2023

RegulationsIndiaCryptoTaxincome taxPolicy