The accounting guidance from the US Securities and Exchange Commission (SEC) has upended the cryptocurrency projects of banks. According to people with knowledge of the matter, this is because the guidance would make it too capital-intensive for banking institutions to hold crypto…

On September 16th, a first-ever ‘Comprehensive Framework’ was unveiled by the White House, which is aimed at the development and regulation of crypto assets in a responsible manner. It essentially outlines the recommendations and conclusions of different federal agencies that had been…

The financial services provider and digital asset custody business, Bitgo recently disclosed that it had recently filed a lawsuit against Galaxy Digital. The company said that it had decided to sue the crypto company for damages of over $100 million. It said…

The Wazirx crypto exchange said that its bank accounts were unfrozen by the Enforcement Division (ED) in India. The accounts had previously been frozen due to an investigation launched by the federal agency into 16 fintech firms and instant loan applications. The…

Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) spoke at an industry conference where he said that is in favor of handing the CFTC the responsibility of overseeing the crypto space. Crypto oversight The SEC chair said that Congress…

The latest reports suggest that a new lawsuit has been filed against the US Department of Treasury in the US District Court. The lawsuit has been filed by six users from the cryptocurrency industry involving Tornado Cash and Ethereum blockchain. Six Users…

The Bank of Ghana clarified that the expected launch of a central bank digital currency (CBDC) in the country would not have a negative impact or disrupt the activities of mobile money operators. Instead, the central bank of Ghana stated that the…