The Group of Central Bank Governors and Heads of Supervision has extended the crypto regulation deadline to January 1, 2026, aiming for a unified global regulatory framework to manage banks’ crypto-asset exposures, following the Basel Committee’s prudential standard endorsement in December 2022.
Kraken is considering the delisting of USDT in the EU due to the impending MiCA regulations, marking a pivotal change in crypto exchange operations within the region. This decision, influenced by regulatory adjustments, signifies a major shift towards compliance and adaptation in the cryptocurrency market’s landscape in Europe.
The Financial Innovation and Technology for the 21st Century Act (FIT 21), supported by the Crypto Council for Innovation and 60 organizations, aims to regulate the US crypto industry, focusing on consumer protection and clarifying regulatory roles.
Mark Cuban criticizes the SEC’s stringent crypto regulations, suggesting the U.S. adopt Japan’s supportive approach for fostering innovation in cryptocurrency, highlighting Japan’s successful regulatory recovery post-Mt. Gox collapse to encourage technological advancements.
In late May, the U.S. House will vote on crucial cryptocurrency bills, impacting digital asset governance with proposals to regulate the industry and block a Federal Reserve digital currency.
A Standard Chartered report predicts a Trump re-election could propel Bitcoin to potential highs of $150,000 by year-end and $200,000 by 2025, underscoring the impact of regulatory clarity on cryptocurrency growth.
FATF’s plenary session set global crypto standards, including the “Travel Rule,” for 2024. Major firms like @coinbase and @krakenfx have adopted it. Non-compliance may lead to asset freezes. #CryptoRegulation #Updates
