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South Korea to Amend Foreign Exchange Act for Stablecoin Regulation
The Bank of Korea (BOK) and the South Korean government have announced plans to revise the Foreign Exchange Transactions Act to establish a comprehensive regulatory framework for stablecoins. This legislative initiative…
Blockchain Association Urges US Congress to Reform Crypto Tax Laws
The Blockchain Association, a prominent advocacy group representing over 100 member organizations, has formally petitioned US Congressional leaders to advance bipartisan digital asset tax legislation. The letter, submit…
Ireland Fines Coinbase Subsidiary €3.25 Million Over Fund Safety
The Central Bank of Ireland (CBI) has imposed a financial penalty of 3.25 million euros (approximately $3.6 million) on Coinbase’s Irish subsidiary, Coinbase Ireland Limited. The regulatory action follows an investigati…
OpenAI Updates Usage Policy to Restrict Model Relay Platforms
OpenAI has announced a comprehensive update to its usage policy, introducing stricter regulations for intermediaries and prohibiting the use of its technology to develop competing artificial intelligence systems. These …
UK FCA Issues New Guidance on DeFi and Crypto Regulatory Boundaries
The Financial Conduct Authority (FCA) in the United Kingdom has released two pivotal consultation papers designed to provide clarity on the regulatory framework for Decentralized Finance (DeFi) and broader crypto-asset …
South Korea Consults Top Exchanges on Uncertain Crypto Tax Future
The South Korean Ministry of Economy and Finance recently convened a high-level symposium to address the impending implementation of virtual asset taxation. This meeting brought together government regulators and the na…
ICBC President: Digital Currency Value Depends on Credit, Not Algorithms
At the first Digital RMB Annual Conference held during the 2026 Financial Street Forum, Liu Jun, President of the Industrial and Commercial Bank of China (ICBC), addressed the fundamental role of trust in the evolution …
UK Regulators Pressure Apple to Open iPhone NFC and Lower Fees
The United Kingdom's Competition and Markets Authority (CMA) has issued a formal proposal requiring Apple to grant third-party developers access to the NFC (Near Field Communication) technology on iPhones. This move aim…
Arkansas Appeals to Restore Restrictions on Foreign Crypto Mining
The state of Arkansas has formally requested the U.S. Eighth Circuit Court of Appeals to overturn a lower court's decision that halted the enforcement of a law targeting foreign-owned cryptocurrency mining operations. O…
Utah Sues Kalshi and Susquehanna Over Alleged Illegal Betting Services
Utah Attorney General Derek Brown has initiated legal action against the prediction market platform Kalshi and two trading entities affiliated with Susquehanna, alleging violations of state gambling prohibitions. The la…