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South Korea Crypto Regulation: PPP Pushes for Transformative Laws
Are you following the latest developments in the South Korea crypto regulation landscape? The nation’s political scene is buzzing with discussions around digital assets, especially as parties vie for influence. The People Power Party (PPP) has recently put a spotlight on the urgent need for clearer, more supportive crypto legislation, aiming to reshape the future of the Korea crypto market . Why is South Korea Crypto Regulation a Hot Topic Now? South Korea has long been a significant player in the global cryptocurrency space, boasting high adoption rates and a tech-savvy population. However, the regulatory environment has often been described as uncertain or overly restrictive. This has created challenges for both businesses operating within the country and investors navigating the market. According to reports, including one from local outlet Edaily, the PPP is actively addressing these concerns. Kim Sang-hoon, chairman of the PPP’s policy committee, has been vocal about moving past the current state of ‘regulatory ambiguity and restrictions’. The party believes this lack of clarity is hindering the industry’s potential and driving valuable capital away. What is the PPP Crypto Policy Aiming For? The core of the proposed PPP crypto policy revolves around creating a foundational legal framework for digital assets. This isn’t just about setting rules; it’s about establishing a system that promotes growth and provides systematic management for the sector. Kim Sang-hoon highlighted several key issues the current approach has created: Deterring Foreign Investment: Unclear rules make South Korea less attractive for international crypto companies and investors compared to regions with more defined frameworks. Capital Flight: Korean investors are reportedly shifting funds towards overseas markets, such as U.S. equities, seeking more predictable and potentially lucrative environments. Hindering Innovation: Without clear guidelines, domestic crypto businesses face uncertainty, potentially stifling innovation and development within the country. The PPP argues that the time for hesitation is over. They are pushing for proactive steps to build a regulatory environment that not only manages risks but actively supports the expansion of the Korea digital asset space. What Could New South Korea Crypto Laws Mean for the Market? The introduction of comprehensive South Korea crypto laws could bring several potential benefits: Increased Clarity and Certainty: A clear legal framework would provide much-needed certainty for businesses, developers, and investors, making it easier to operate and invest within the country. Boosted Investment: Reduced regulatory risk could attract more foreign direct investment and encourage domestic capital to remain within the Korean market. Enhanced Consumer Protection: Foundational laws are likely to include measures aimed at protecting investors from fraud and market manipulation, increasing trust in the market. Innovation Hub Potential: With clearer rules, South Korea could solidify its position as a leading hub for blockchain technology and digital assets in Asia. Integration with Traditional Finance: A robust legal framework could pave the way for greater integration between the crypto sector and traditional financial systems. However, crafting effective legislation is complex. Challenges could include balancing innovation with necessary safeguards, defining different types of digital assets, and adapting to the rapidly evolving nature of the technology. How Does This Relate to the Election Cycle? While the source mentioned a ‘presidential election scheduled for June’ (likely referencing the period around the recent National Assembly elections in April 2024, given the April 28 date for the PPP’s reveal), the timing of this push is significant. Elections often serve as catalysts for parties to announce policy platforms and appeal to specific voter demographics. The crypto community represents a growing and engaged group in South Korea, particularly among younger voters. By proposing crypto-friendly legislation, the PPP is signaling its intent to support this sector and potentially attract voters interested in technology, finance, and new investment opportunities. The expected reveal of their detailed legislative plans and campaign agenda on April 28 provided a concrete date for the public to see the specifics of the PPP crypto policy . What Are the Actionable Insights? For anyone involved in the Korea digital asset space, whether as an investor, entrepreneur, or enthusiast, these developments are crucial. Keeping a close eye on legislative proposals from major political parties like the PPP is essential. Potential changes in South Korea crypto laws could significantly impact market dynamics, business operations, and investment strategies. While specific details of the PPP’s proposed foundational laws are awaited, the general direction indicates a move towards greater acceptance and integration of digital assets within the South Korean economy. This political momentum suggests that regulatory reform in the Korea crypto market is increasingly likely. Conclusion: A Promising Turn for Korea’s Crypto Future? The People Power Party’s vocal support for crypto-friendly legislation marks a potentially significant turning point for South Korea crypto regulation . By calling for an end to regulatory ambiguity and proposing foundational laws, the PPP is acknowledging the economic potential of the digital asset sector and the risks of falling behind other nations. While the path to comprehensive reform may involve challenges, the political will expressed by a major party offers a promising outlook for a more certain and supportive environment for the Korea digital asset space, aiming to boost the Korea crypto market and attract vital investment. To learn more about the latest South Korea crypto market trends and South Korea crypto regulation developments, explore our article on key developments shaping Korea digital asset regulatory developments.

Bitcoin World 2025-04-25 14:00
Canada’s securities regulator flags rise in crypto scams amid ‘geopolitical unpredictability’
Crypto-related fraud is booming in Canada as scammers increasingly use AI tools to target investors, the Ontario Securities Commission says. Canada ‘s top securities watchdog is sounding the alarm on a wave of crypto scams, saying fraudsters are now using slick artificial intelligence deepfakes and fake trading platforms to fool investors and steal their money. During the annual event on Thursday, Grant Vingoe, the chief executive officer of the Ontario Securities Commission, said the country is now in an environment “where there’s more scams, more fraud, more insider trading, more corruption, enabled by an atmosphere in which anything goes and the traditional norms are not being observed as they have in the past,” The Globe and Mail reports . Vingoe linked the rise in fraud to wider instability as the “unpredictability of the geopolitical environment leads to an environment where people who are interested in doing wrong will find a place.” In 2024 alone, victims reported nearly $640 million in losses, per data from the Canadian Anti-Fraud Centre. You might also like: Canada’s global economic position at risk without crypto reforms, Coinbase warns Now, Bonnie Lysyk, the OSC’s executive vice-president of enforcement, says the Commission wants to focus on “high-impact cases,” adding the the Commission wants to “put in place additional strategies to disrupt those who harm investors earlier” as the crypto space “is ripe for fraud.” Canada began tightening crypto-related regulations in February 2023 when the Canadian Securities Administrators required all crypto trading platforms operating in the country to sign legally binding pre-registration undertakings. This came on top of existing restrictions, including the prohibition on offering margin trading to Canadian users. Since the CSA considers some stablecoins to be securities or derivatives, exchanges were also prohibited from offering stablecoins or value-referenced crypto through contracts without prior approval, making it challenging for many crypto platforms to comply. Read more: What does the new prime minister-designate of Canada, Mark Carney, think about crypto?

crypto.news 2025-04-25 13:41
Ripple Labs Unleashes Major US Expansion Amid Shifting US Crypto Policy, IPO Not Yet
Big news is buzzing around Ripple Labs ! If you’re following the crypto space, you know that regulatory clarity, or lack thereof, has been a major factor influencing where companies choose to build and grow. Recently, the President of Ripple Labs, Monica Long, shed light on a significant strategic shift: a major Ripple US expansion is now underway, largely thanks to what the company sees as increasingly crypto-friendly policies emerging from the U.S. administration. Why is Ripple Labs Betting Big on US Crypto Policy? For years, the regulatory environment in the United States has been a point of contention and uncertainty for many crypto firms, including Ripple Labs. The ongoing legal battle with the SEC has been a prime example of this. However, recent statements and potential shifts in approach from U.S. regulators and policymakers seem to be instilling a renewed sense of confidence in some industry leaders. Monica Long highlighted in a recent interview that this evolving landscape is a primary driver behind Ripple’s decision to significantly scale up its domestic operations. This isn’t just talk; it involves tangible steps: Increased Hiring: Ripple is actively growing its team within the U.S., bringing in talent to support its expanding initiatives. Exploring M&A: The company is on the lookout for further mergers and acquisitions to bolster its capabilities and market position in the States. Scaling Operations: Beyond just headcount, the infrastructure and operational footprint are being expanded to handle increased business volume domestically. This focus on the U.S. market signals a belief that the regulatory tide may be turning, creating a more favorable environment for crypto businesses to operate and innovate. A Key Move: The Hidden Road Acquisition One concrete example of Ripple’s expansion strategy in action is the recent Hidden Road acquisition . Hidden Road is a prime broker for digital assets, offering services that are crucial for institutional participation in the crypto markets. Acquiring a firm like Hidden Road allows Ripple to: Expand its offerings to institutional clients. Strengthen its presence in the institutional crypto trading and financing space. Integrate prime brokerage services into its existing suite of enterprise solutions. This acquisition is a clear indication that Ripple is not just expanding its team but also strategically acquiring capabilities to enhance its business model within the U.S. and globally, leveraging the perceived shift in US crypto policy . What About a Ripple IPO? A question often asked by investors and market watchers is whether Ripple Labs plans to go public via an initial public offering ( Ripple IPO ). With the company expanding and seemingly finding its footing even amid regulatory challenges, an IPO might seem like a logical next step. However, Monica Long clarified that while the company is well-capitalized – boasting billions in cash reserves – the focus right now is squarely on business growth and expansion, not an IPO. Being well-funded provides Ripple with the flexibility to pursue strategic acquisitions like Hidden Road and invest heavily in its core business areas without immediate pressure from public market demands or the need to raise capital through an offering. This means that while a Ripple IPO remains a possibility in the future, it is not the company’s immediate priority. The current emphasis is on building out its products, services, and market share, particularly within the U.S. as the regulatory picture potentially brightens. Benefits and Challenges of Ripple’s US Focus Ripple’s decision to double down on its Ripple US expansion comes with potential benefits and challenges: Potential Benefits: Capitalizing on a potentially massive domestic market. Closer engagement with U.S. policymakers and regulators to help shape future US crypto policy . Attracting top U.S.-based talent. Leveraging the U.S. financial infrastructure. Potential Challenges: Lingering regulatory uncertainties, despite positive signs. Competition from other crypto firms operating in the U.S. Executing successful integrations of acquisitions like Hidden Road acquisition . Managing the ongoing legal situation while simultaneously expanding. Actionable Insights for the Crypto Community What does this news mean for you, whether you’re an investor, developer, or simply interested in the crypto space? Watch US Crypto Policy: Keep a close eye on developments in U.S. crypto regulation. Ripple’s move suggests industry leaders see positive momentum, which could impact other projects. Understand Ripple’s Strategy: Ripple is focusing on enterprise solutions and institutional services, evidenced by the Hidden Road acquisition . This indicates their primary business direction. Don’t Hold Your Breath for a Ripple IPO: While possible long-term, it’s not happening anytime soon. Their focus is internal growth and strategic M&A. Ripple Labs is Confident: The significant investment in U.S. expansion signals strong confidence from Ripple’s leadership in their future prospects, despite past and present challenges. Summary: Ripple’s Strategic Pivot to the States In conclusion, Ripple Labs is making a calculated and significant move by prioritizing its Ripple US expansion . This strategic pivot is largely influenced by perceived positive shifts in US crypto policy , creating what Ripple sees as a more conducive environment for growth. The company is actively hiring, exploring further M&A opportunities following the notable Hidden Road acquisition , and is well-funded with billions in cash. While the idea of a Ripple IPO is often discussed, President Monica Long confirms it is not an immediate plan, with the current focus firmly on building and scaling the business domestically. This aggressive expansion signals Ripple’s determination to solidify its position in a key global market as regulatory clarity potentially increases. To learn more about the latest crypto market trends and regulatory developments, explore our articles on key developments shaping cryptocurrency institutional adoption.

Bitcoin World 2025-04-25 12:20
Roger Ver Paid $600K to Donald Trump Ally to Fight Crypto Charges
The post Roger Ver Paid $600K to Donald Trump Ally to Fight Crypto Charges appeared first on Coinpedia Fintech News Roger Ver, once known as “Bitcoin Jesus,” is now facing serious charges, including mail fraud, tax evasion, and filing false returns. But Ver isn’t relying on the courts alone—he’s taking his fight to Capitol Hill. $600K Lobbying Effort to Influence Congress According to filings, Ver paid $600,000 to Trump ally Roger Stone to lobby Congress to amend the law he’s accused of breaking. The New York Times reported that Stone was hired in February. Ver denies wrongdoing but admits he struggled to manage his U.S. exit tax, citing Bitcoin market illiquidity at the time. In a January video , Ver made a public appeal to Trump, warning he faces over 100 years in prison for promoting crypto. The government accuses Ver of evading at least $48 million in taxes after renouncing his U.S. citizenship. Ver maintains the situation was complicated, blaming the illiquidity of Bitcoin for making it difficult to comply. Crypto Voices Rally Behind Ver Support for Ver is growing. Silk Road founder Ross Ulbricht, serving a life sentence, has called for Ver’s pardon, highlighting Ver’s past support. American economist Jeffrey Tucker also defended Ver, calling him a hero being punished for advocating freedom. Ver’s push coincides with Trump’s growing support for crypto and retreat from tough SEC regulations. Whether Ver’s lobbying will pay off remains uncertain, but the message is clear: crypto’s future now runs through political corridors. Why did Roger Ver pay $600,000 to Roger Stone? Roger Ver paid $600,000 to Roger Stone to lobby Congress to amend the law he is accused of breaking and to influence political support for his legal battle. Is Donald Trump’s pro-crypto stance likely to help Roger Ver’s case? Trump’s softer stance on crypto could create a more favorable political environment, but it’s unclear if it will directly impact Ver’s legal outcome. How did Bitcoin’s illiquidity cause Ver’s tax issues? Ver claims Bitcoin’s market was too illiquid when he renounced his U.S. citizenship, making it difficult to sell enough coins to cover his exit tax obligations.

coinpedia 2025-04-25 12:12
Unveiling Ljubljana: The World’s Most Crypto-Friendly City Crowned
In the ever-evolving landscape of digital finance, finding a place where cryptocurrency thrives isn’t just about technology; it’s about environment. Crypto enthusiasts, businesses, and investors are constantly seeking locations that offer a supportive ecosystem. According to a recent report, one European capital has risen above the rest, earning the coveted title of the world’s most crypto-friendly city . This recognition highlights not just technological readiness, but a holistic approach embracing the future of finance. Why is Ljubljana Crowned the Most Crypto-Friendly City? The Slovenian capital, Ljubljana, has been recognized by migration advisory firm Multipolitan as the world’s most crypto-friendly city. This significant finding comes from Multipolitan’s 2025 Crypto Report, which evaluated 20 global cities. The ranking isn’t based on a single factor but an all-around assessment covering several crucial areas that contribute to a thriving crypto adoption environment. This comprehensive approach provides a robust picture of what makes a city truly welcoming to the digital asset space. Multipolitan’s methodology delves deep into the elements that matter most to the crypto community. Key factors considered include: Regulatory Environment: Assessing the clarity and supportiveness of local and national regulations concerning cryptocurrencies. A predictable legal framework is vital for both users and businesses. Taxation: Examining how crypto assets and transactions are taxed. Favorable or clear tax policies reduce uncertainty and encourage participation. Crypto Infrastructure: Evaluating the availability of essential services like crypto exchanges, blockchain companies, and the presence of physical infrastructure such as crypto ATMs. Lifestyle Factors: Incorporating broader economic and quality-of-life metrics, including GDP per capita, housing affordability, and internet speed, which indirectly support a tech-savvy population open to crypto. Popularity of Crypto ATMs: A specific metric highlighting accessible points for converting between fiat and crypto, indicating public usage and acceptance. This multi-faceted evaluation places Ljubljana at the forefront, demonstrating a balanced strength across various domains crucial for fostering a positive Slovenia crypto ecosystem. The report indicates that Ljubljana successfully combines supportive policies with tangible infrastructure and a conducive living environment. Ljubljana’s Edge and Global Competition While Ljubljana secured the top spot, the report also highlighted other cities making significant strides. Hong Kong and Switzerland’s Zurich were tied for second place, showcasing their strong positions as financial centers with growing crypto relevance. Their high ranking underscores the global nature of the push towards greater crypto integration, with different regions adopting different strategies to become a leading crypto hub . Ljubljana’s success suggests that a supportive regulatory stance, combined with practical infrastructure and a high quality of life, can outweigh the traditional dominance of larger financial hubs when it comes to crypto-friendliness. This provides a compelling case study for other cities looking to attract crypto talent and investment. Beyond City Limits: Slovenia’s Crypto Wealth The positive news for Slovenia extends beyond just its capital city. The Multipolitan report also ranked countries based on the average wealth held per crypto holder. In this category, Slovenia also topped the list, with an approximate average of $245,000 worth of crypto assets per holder. This statistic is remarkable and suggests not only widespread crypto adoption within the country but also a significant level of investment and potentially long-term holding among its population. It paints a picture of a nation where crypto is not just present, but actively utilized and valued at a high level. What Can We Learn from Ljubljana’s Success? Ljubljana’s recognition as the world’s most crypto-friendly city offers valuable insights for policymakers, businesses, and individuals interested in the future of finance. It underscores the importance of: Clear Regulation: Ambiguity is a major hurdle for crypto growth. Supportive and clear rules build confidence. Accessible Infrastructure: Making it easy for people to buy, sell, and use crypto through ATMs and accessible exchanges is key to mass adoption. Integration with Lifestyle: A city’s overall economic health, connectivity, and affordability contribute to its attractiveness for the crypto community, many of whom value flexibility and digital integration in their lives. The case of Ljubljana demonstrates that being a leading crypto hub is achievable through a deliberate strategy focusing on creating a welcoming environment from multiple angles. Conclusion: Ljubljana Leads the Way Multipolitan’s 2025 Crypto Report shines a spotlight on Ljubljana, Slovenia, as a global leader in fostering a crypto-friendly environment. By excelling in areas like regulation, infrastructure, and lifestyle factors, Ljubljana has set a benchmark for what it means to truly embrace the digital asset revolution. Coupled with Slovenia’s impressive average crypto wealth per holder, the country is positioning itself as a significant player in the global crypto space. As the world continues to navigate the complexities and opportunities of cryptocurrency, cities like Ljubljana provide a clear example of how to build a thriving ecosystem for the future of finance. To learn more about the latest crypto market trends, explore our articles on key developments shaping crypto adoption and regulation globally.

Bitcoin World 2025-04-25 12:10
Shocking Claim: Crypto in Developed Countries Deemed Useless by Fed President
In a statement that has sparked considerable debate within the digital asset community, Minneapolis Fed President Neel Kashkari recently shared his candid views on the relevance of cryptocurrencies in advanced economies. His remarks, initially reported by First Squawk on X, suggest a deep skepticism regarding the practical applications of crypto, particularly when viewed through the lens of nations boasting sophisticated financial systems and infrastructure. This perspective from a high-profile figure within the U.S. Federal Reserve system offers a stark contrast to the optimistic narratives often surrounding the future of digital assets, especially concerning their potential use case for crypto in mainstream finance. What Did Neel Kashkari Really Say About Crypto? According to reports, Neel Kashkari didn’t mince words when discussing the utility of cryptocurrencies in developed nations. His core assertion is that, despite approximately 15 years having passed since the inception of Bitcoin, a compelling and widespread use case for crypto has yet to emerge in countries with advanced economic structures. He reportedly stated that crypto appears ‘useless’ in such contexts, implying that existing traditional financial systems already efficiently serve the needs that crypto purports to address. Furthermore, Kashkari weighed in on the ongoing conversation around digital asset oversight, clarifying his stance on responsibility. He indicated that the task of establishing comprehensive cryptocurrency regulation falls squarely within the purview of Congress. This point is significant, as it highlights the jurisdictional debates and the perceived need for legislative action to provide clarity and potentially legitimacy to the crypto space, even as figures like Kashkari question its fundamental value proposition in certain economic environments. Is Crypto Truly Useless in Developed Countries? Examining the Claim The assertion that crypto in developed countries lacks a use case is a strong one and immediately invites scrutiny. While it’s true that advanced economies have robust banking, payment, and legal systems, proponents argue that crypto offers unique advantages that even these systems don’t fully provide. Let’s explore some of the potential areas where crypto advocates see value, even in developed nations: Alternative Store of Value: Bitcoin, in particular, is often touted as ‘digital gold,’ a hedge against inflation and economic uncertainty, especially in an era of quantitative easing. Programmable Money and DeFi: Decentralized Finance (DeFi) applications aim to recreate traditional financial services (lending, borrowing, trading) on blockchain, potentially offering greater accessibility, transparency, and efficiency, bypassing traditional intermediaries. Faster and Cheaper Remittances: While traditional systems exist, crypto can potentially offer lower fees and faster transaction times for sending money across borders, even between developed nations. Digital Ownership (NFTs): Non-Fungible Tokens (NFTs) enable verifiable digital ownership of unique assets, creating new markets for art, collectibles, and intellectual property. Censorship Resistance: For some, crypto offers a way to transact or store value outside the direct control of governments or traditional financial institutions, appealing to privacy advocates or those wary of central authority. Technological Innovation: The underlying blockchain technology is seen as a foundational innovation with potential applications beyond currency, in supply chain, voting, identity, etc. However, skeptics like Neel Kashkari would counter that the volatility of crypto makes it a poor store of value, DeFi is complex and risky, remittance savings are often marginal or require complex on/off ramps, NFTs are speculative bubbles, and censorship resistance is primarily needed in oppressive regimes, not stable democracies. These Fed comments on crypto reflect a view that the risks and complexities outweigh the perceived benefits in environments where existing systems function relatively well. Navigating the Complexities of Cryptocurrency Regulation Kashkari’s point about Congress being responsible for cryptocurrency regulation underscores a major hurdle for the industry globally. The decentralized and borderless nature of crypto makes it difficult to fit into existing regulatory frameworks designed for traditional, centralized entities. Different countries and even different agencies within the U.S. (like the SEC, CFTC, Treasury) have varying perspectives on how crypto assets should be classified and overseen. The lack of clear, comprehensive regulation creates uncertainty for businesses, investors, and consumers. It can stifle innovation due to fear of inadvertently breaking rules, while also leaving consumers vulnerable to fraud and market manipulation in unregulated corners of the market. Congress faces the challenge of crafting legislation that protects consumers and financial stability without stifling technological advancement. This involves defining what crypto assets are, how exchanges and custodians should operate, addressing stablecoins, and integrating digital assets into the existing tax and legal systems. These regulatory challenges are particularly pertinent for the widespread adoption of crypto in developed countries , where compliance and legal clarity are expected norms for financial activities. The absence of such clarity contributes to the hesitant stance taken by many traditional financial institutions and regulators. Why the Skepticism? Understanding the Fed’s Viewpoint The Fed comments on crypto from officials like Kashkari are often rooted in their mandate to maintain financial stability, manage monetary policy, and ensure the safety and soundness of the banking system. From this perspective, cryptocurrencies, with their volatility, lack of intrinsic value (unlike fiat currency backed by a government and economy), potential for illicit use, and energy consumption concerns (for proof-of-work chains), present significant risks rather than clear benefits to the established financial order. Central bankers also view their role as providing a stable, reliable medium of exchange and store of value (fiat currency). They might see the speculative nature of crypto markets as a distraction or even a threat to this stability. The idea of a private, volatile, unregulated currency gaining significant traction in a developed economy is fundamentally at odds with the goals of monetary policy and financial supervision. Furthermore, the argument for a use case for crypto often relies on its ability to bypass intermediaries. While this is a feature for some, for regulators and central banks, these intermediaries (banks, exchanges) are crucial points of control for implementing policy, preventing crime, and protecting consumers. A system that bypasses these controls raises red flags regarding oversight and risk management. Perceived Benefits vs. Significant Challenges of Crypto in Developed Economies Let’s summarize the ongoing debate with a look at the often-cited potential upsides versus the undeniable hurdles for crypto gaining widespread utility in developed countries: Perceived Benefits Significant Challenges Potential hedge against inflation/economic instability Extreme price volatility making it a poor store of value for many Technological innovation (blockchain, smart contracts) Complexity and technical barriers for average users Faster, cheaper cross-border transactions On/off ramp issues, regulatory hurdles for mainstream adoption New forms of digital ownership and markets (NFTs) Market speculation, lack of clear legal framework for digital assets Greater financial inclusion (though less critical in developed nations) Security risks (hacks, scams), irreversible transactions Decentralization and censorship resistance Energy consumption concerns (for certain cryptocurrencies) This table highlights the core tension: what proponents see as features, critics often see as flaws or unnecessary complications compared to existing systems. The debate about the true use case for crypto in these economies is far from settled. Actionable Insights for Navigating the Crypto Debate For individuals and businesses operating within or observing the crypto space in developed countries, statements like Kashkari’s offer important considerations: Understand the Skepticism: Recognize that powerful figures in traditional finance and government remain unconvinced of crypto’s fundamental utility in well-established economies. Their concerns about stability, regulation, and consumer protection are real and drive policy discussions. Focus on Real Utility: If you’re building in the crypto space, focus on developing applications that solve genuine problems or offer clear advantages over traditional systems, rather than solely relying on speculative value. Advocate for Clear Regulation: Engage with policymakers and contribute to discussions about sensible cryptocurrency regulation that fosters innovation while mitigating risks. Educate Yourself and Others: The gap in understanding between the crypto community and traditional institutions is vast. Clear, non-technical explanations of blockchain technology and potential applications are crucial. Be Mindful of Risk: Kashkari’s comments serve as a reminder that crypto remains a high-risk asset class, subject to significant volatility and regulatory uncertainty, particularly in developed markets where it is under intense scrutiny. The path for crypto in developed countries will likely be shaped by ongoing technological development, evolving regulatory frameworks, and whether compelling, widespread use cases truly materialize and gain acceptance beyond niche communities. Conclusion Minneapolis Fed President Neel Kashkari ‘s assertion that crypto is ‘useless’ in developed economies is a pointed critique from a significant voice in traditional finance. His view, shared alongside his belief that Congress must lead on cryptocurrency regulation , highlights the fundamental questions surrounding the relevance and utility of digital assets in environments with mature financial systems. While crypto proponents point to potential benefits like alternative value stores, DeFi innovation, and technological advancement, skeptics emphasize volatility, regulatory ambiguity, and the perceived lack of a truly compelling, widespread use case for crypto that surpasses existing solutions. The debate over the future of crypto in developed countries is far from over, reflecting a clash between disruptive technology and established financial order. Ultimately, the trajectory will depend on whether the industry can demonstrate clear, tangible value that resonates beyond speculation and addresses the legitimate concerns raised by policymakers and central bankers. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency regulation and institutional adoption.

Bitcoin World 2025-04-25 09:40
Citigroup sees stablecoin issuers among top US Treasury holders by 2030
Stablecoin regulation could add over $1 trillion in Treasury demand and make issuers among the largest holders of U.S. government debt, Citigroup says. Stablecoin issuers could become some of the largest holders of U.S. Treasuries by 2030 if the U.S. adopts a regulatory framework, Citigroup said in a new report , adding that more than $1 trillion in additional demand for Treasuries could come from stablecoin growth. According to the New York-based bank, a supportive U.S. regulatory framework could lead stablecoins to drive demand for “dollar risk-free assets inside and outside the U.S.” “Creating a U.S. regulatory framework for stablecoin would support demand for dollar risk-free assets inside and outside the U.S. The stablecoin issuers will have to buy U.S. Treasuries, or comparable low risk assets, against each stablecoin as a measure of having safe underlying collateral.” Citigroup Citigroup’s base case assumes that stablecoin issuers “could hold more U.S. Treasuries by 2030 than any single jurisdiction today,” adding that if base case holds true, stablecoin issuers “could become one of the largest holders of U.S. Treasuries relative to any other jurisdiction today.” Citigroup’s projected ranking of U.S. Treasury holders by entity | Source: Citigroup You might also like: Why are stablecoins always de-pegging? However, the bank’s analysts also highlighted risks and challenges. Since stablecoins “carry run-risk,” the failure of a major issuer “could cause contagion effect,” the report reads. Citigroup also noted that stablecoins de-pegged “about 1,900 times in 2023, with around 600 of these being large-cap stablecoins.” Geopolitical risks may also slow global stablecoin adoption as stablecoins “may be viewed by many non-U.S. policy makers as an instrument of dollar hegemony,” Citigroup warned, adding that “policymakers in China and Europe will be keen to promote central bank digital currencies or stablecoins issued in their own currency.” Read more: Banque de France blasts Trump’s pro-stablecoin order, cites urgent need for digital euro

crypto.news 2025-04-25 09:23
Citigroup Predicts Stablecoin Market to Surge 10x to $2 Trillion by 2030
Citigroup has projected a dramatic rise in the stablecoin market, forecasting that its total market capitalization could soar from nearly $240 billion today to over $2 trillion by 2030. The prediction, outlined in a report released on Thursday , says the growth in adoption would be driven by regulatory developments and increased interest from both financial institutions and the public sector. According to the banking giant, stablecoin supply could reach $1.6 trillion by the end of the decade under its base-case scenario, while a more optimistic outlook places the figure at $3.7 trillion. Citigroup Warns Stablecoin Market Could Stall at $500B Without Regulatory Progress However, Citigroup also cautioned that if regulatory hurdles and integration challenges persist, the market could be limited to just $500 billion. The report comes amid a shifting regulatory landscape in the United States, where President Trump’s pro-crypto administration has renewed momentum for stablecoin legislation. Congress is currently reviewing proposals in both chambers that could pave the way for traditional financial giants, such as Bank of America, to issue U.S. dollar-backed stablecoins. Citigroup noted that clear regulations could significantly boost demand for U.S. Treasuries, positioning stablecoin issuers among the largest holders of government debt by 2030. Citibank report on Digital Dollars (aka dollar stabelcoins). Tons of TLDRs, including page 7 (included here), but Citi now sees $1.6T to $3.5T in dollar stablecoin money supply by 2030. 2025 is the transformative year. https://t.co/0AwH4eciLs pic.twitter.com/0HRyIVK0Pc — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) April 24, 2025 Tether, the leading stablecoin issuer, already holds tens of billions in Treasuries, according to its latest reserves report. While Citigroup acknowledged the transformative potential of stablecoins, it also warned they could disrupt traditional banking through “deposit substitution.” Some banks are reportedly lobbying for stricter regulations to limit which entities can issue stablecoins, aiming to protect their role in the financial system as stablecoin adoption accelerates. Active Stablecoin Wallets Surge Over 50% in One Year As reported, the number of active stablecoin wallets has surged by over 50% in the past year , reflecting growing adoption and engagement within the digital asset ecosystem. More specifically, active stablecoin addresses increased from 19.6 million in February 2024 to 30 million in February 2025, marking a 53% year-on-year growth. Growing institutional adoption, expanding use in payments, and rising integration in decentralized finance (DeFi) has played a key role in the increase in active stablecoin wallets. These factors have made stablecoins a fundamental component of the digital economy, offering liquidity, stability, and accessibility to users worldwide. Beyond active addresses, the total stablecoin supply has also surged. In February 2024, the total supply stood at $138 billion, but by February 2025, it had climbed to $225 billion, reflecting a 63% year-on-year increase. Recently, Federal Reserve Governor Christopher Waller has weighed in on stablecoins , arguing that U.S. dollar-pegged digital assets could strengthen the dollar’s global dominance. Waller claimed that stablecoins already play an important role in the financial ecosystem. The post Citigroup Predicts Stablecoin Market to Surge 10x to $2 Trillion by 2030 appeared first on Cryptonews .

cryptonews 2025-04-25 08:53
Federal Reserve withdraws restrictive crypto guidance for banks
The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no longer require state member banks to give advance notice before launching or participating in crypto-related activities. Instead, these activities will now be reviewed under the usual bank supervision process. This move marks a shift from the Fed’s earlier stance, which called for extra caution due to potential risks tied to digital assets. The Fed also canceled its 2023 guidance that limited how banks could engage with stablecoins , or “dollar tokens.” In addition, the Fed, alongside the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, withdrew from two joint statements made the same year. You might also like: Federal Reserve watching bond market as investors look beyond U.S., Kashkari says Those earlier warnings had emphasized the risk of fraud, misinformation, and volatile money flows related to cryptocurrency companies. One of the withdrawn statements warned that deposits from cryptocurrency firms may be unpredictable and lead to abrupt outflows, while another voiced concerns about the industry’s lack of consumer protections, legal clarity, and transparency. By stepping back from these positions, the Fed appears to be opening the door to more bank participation in crypto while still keeping an eye on potential risks through regular oversight. The agency said that it will continue to monitor risks, but the decision is expected to lower compliance burdens and open new doors for bank involvement in the digital asset sector. This policy change follows a wider shift in Washington. In January, the Securities and Exchange Commission rolled back a rule that had forced banks holding crypto to list it as a liability, easing pressure on institutions. The Fed’s latest move comes as the Trump administration continues to position itself as pro-crypto. President Trump has publicly vowed to make the U.S. the “crypto capital of the planet,” signaling that more regulatory changes could be on the way. Read more: SEC meets with Ondo Finance to discuss tokenizing US securities

crypto.news 2025-04-25 08:37
Russian Ministry of Finance and Central Bank to Launch Elite-Only Crypto Exchange
A bold crypto revolution is underway as Russia launches a regulated crypto exchange for elite investors, dragging digital assets into legality, led by the Finance Ministry and the central bank. Russian Central Bank and Finance Ministry Aim to Drag Crypto out of the Shadows Russian Finance Minister Anton Siluanov announced at a recent Ministry of

Bitcoin.com 2025-04-25 06:30
Federal Reserve Eases Crypto Rules for U.S. Banks
The post Federal Reserve Eases Crypto Rules for U.S. Banks appeared first on Coinpedia Fintech News The U.S. Federal Reserve has officially rolled back key rules that once restricted how banks engage with cryptocurrencies and dollar-backed tokens. The move marks a significant step toward easing regulatory pressure and signals growing openness to digital asset innovation within the U.S. banking system. Why Is the Federal Reserve Pulling Back Its Crypto Rules? The FED has withdrawn its 2022 guidlines that required state-chartered banks to notify the Board before offering crypto-related services. Under the new direction, banks no longer need to send advance notices. Instead, the Fed will oversee crypto activities through its usual supervisory processes—just like any other banking service. Stablecoin Restrictions Loosened The central bank also rescinded its 2023 nonobjection letter process for banks planning to engage in dollar token activities, such as issuing or dealing in stablecoins. This means banks can now move forward with such projects without having to wait for formal approval, removing one more layer of regulatory red tape. The Federal Reserve, alongside the Federal Deposit Insurance Corporation (FDIC), has also pulled back from two joint statements issued last year with the Office of the Comptroller of the Currency (OCC). These joint memos had set cautious expectations around crypto involvement for banks. Their removal signals a coordinated shift toward more relaxed oversight across U.S. regulators. What Does the Federal Reserve’s Shift Mean for the Future of Crypto in Banking? While oversight won’t disappear completely, the tone has clearly changed. The Fed stated that it will continue to work with other agencies to explore new rules that better support innovation while keeping the banking sector safe and sound. Vandell Aljarrah, co-founder of Black Swan Capitalist, called out the irony in the timing of the Fed’s move. Just days after being dismissed for his pro-crypto stance, the central bank reversed its position—removing the same policies he had spoken against. “It’s validating to see the Fed now encouraging the very innovation they once blocked,” he said. This change may open the door for banks to step more confidently into the crypto space—especially in the growing world of dollar tokens and stablecoins. Whether this marks the start of a broader shift in U.S. crypto regulation remains to be seen, but the door is certainly opening wider. Is This the Start of a New Era for Crypto in U.S. Banking? The Federal Reserve’s rollback of crypto guidance marks a shift from caution to cautious openness. By removing approval hurdles, it signals support for innovation and aligns with FDIC and OCC moves—making crypto more accessible for U.S. banks. Is the Federal Reserve Now Supporting Stablecoins? Not directly—but the signs point in that direction. By removing the requirement for banks to seek formal nonobjection letters before engaging in dollar token activities, the Federal Reserve has eased the path for stablecoin involvement. While it hasn’t officially endorsed stablecoins, this policy shift shows a more open attitude toward their use in the banking system. What Does New FED’s Crypto Rules Mean for Banks Looking to Enter the Crypto Space? It means fewer barriers and more flexibility. Banks no longer need to go through extra approval processes to offer crypto or stablecoin services. With the Federal Reserve shifting to standard supervision, banks can now explore crypto opportunities more confidently and at a faster pace—without waiting for special permissions.

coinpedia 2025-04-25 06:27
Crucial US Crypto Market Structure Bill Nears Finalization
Big news is brewing in Washington D.C. for the crypto world! The draft of the crypto market structure bill in the U.S. House of Representatives is reportedly nearing its final stages. This development signals a potentially significant step towards clearer US crypto regulation . According to sources cited by Blockworks, the House’s draft bill, which aims to establish a regulatory framework for digital assets, is expected to be released publicly later this month. This aligns with a stated goal by President Donald Trump to see both stablecoin legislation and this broader market structure bill passed by the end of summer. Why is a US Crypto Market Structure Bill Important? For years, the cryptocurrency industry in the United States has grappled with regulatory uncertainty. Different government agencies have asserted jurisdiction over various aspects of digital assets, leading to confusion and hindering innovation. A comprehensive digital asset regulation bill could provide much-needed clarity by: Defining what constitutes a cryptocurrency, a security, or a commodity. Specifying which regulatory body (like the SEC or CFTC) oversees different types of digital assets and activities. Establishing rules for exchanges, brokers, and other market participants. Providing guidelines for consumer protection and market integrity. Passing this crypto legislation is seen by many as essential for fostering growth and adoption within the U.S. while mitigating risks. What Could This US House Bill Include? While the final text remains under wraps, discussions around potential elements of the US House bill have circulated. Key areas likely addressed include: Agency Jurisdiction: A central debate revolves around whether the SEC or CFTC should primarily regulate the spot market for crypto assets deemed commodities. The bill might attempt to draw clear lines. Token Classification: Providing a framework or test for determining whether a digital asset is a security or not, potentially offering a path for tokens to transition from securities to commodities. Market Participant Rules: Requirements for crypto exchanges, custodians, and other intermediaries regarding registration, capital requirements, and customer asset segregation. Interagency Coordination: Mandating better cooperation between regulatory bodies to create a more unified approach to digital asset regulation . The fact that the crypto market structure bill is reaching its final draft stage suggests lawmakers are pushing forward to create a more defined landscape for digital assets. Challenges and Opportunities for US Crypto Regulation Creating effective US crypto regulation is complex. On one hand, the industry seeks rules that promote innovation and protect consumers without stifling growth. On the other, regulators aim to prevent fraud, ensure market stability, and maintain financial system integrity. Potential Opportunities: Increased institutional investment due to regulatory certainty. Greater clarity for businesses building on blockchain technology. Enhanced consumer confidence and protection. Potential Challenges: Risk of overly burdensome rules that push innovation offshore. Disagreements between political parties and agencies on the best approach. Ensuring the rules are flexible enough for a rapidly evolving technology. The final form of this crypto legislation will heavily influence these outcomes. What’s Next for the Crypto Market Structure Bill? With the draft reportedly in its final stages, the next step is its public release. This will be followed by committee markups, debates, and potential votes in the House. If it passes the House, it would then need to navigate the Senate, where similar but potentially different proposals exist. The path to becoming law is challenging and requires significant political will and compromise. The progress on this US House bill , coupled with efforts on stablecoin legislation, indicates a serious intent in Congress to address the regulatory void surrounding digital assets. Stakeholders across the crypto ecosystem are keenly watching, hoping this leads to a framework that supports a healthy and thriving digital economy in the U.S. Conclusion: A Step Towards Clarity The news that the crypto market structure bill draft is in its final stages is a significant development for the future of US crypto regulation . While challenges remain and the legislative process is long, this movement in the US House bill represents a concrete effort to bring clarity and structure to the digital asset space. The details within this upcoming crypto legislation will be critical, shaping everything from how digital assets are classified to how businesses operate and how consumers are protected. As the summer progresses, the crypto community will be watching closely to see if this push for digital asset regulation results in meaningful legislative action. To learn more about the latest crypto market trends and US crypto regulation developments, explore our articles on key developments shaping digital asset regulation and crypto legislation.

Bitcoin World 2025-04-25 06:20

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