The Office of the Comptroller of the Currency (OCC) has issued new guidance outlining the conditions under which national banks and federal savings associations can engage in crypto-asset custody and execution services.
New Hampshire has made history by becoming the first U.S. state to establish a Strategic Bitcoin Reserve, following the signing of House Bill 302 into law by Governor Kelly Ayotte.
Banks worldwide faced a total of $4.5 billion in fines in 2024, with TD Bank accounting for two-thirds of the total after pleading guilty to violating U.S. anti-money laundering (AML) laws.
The UK Government is reportedly considering dissolving the Payment Systems Regulator (PSR) and integrating it into the Financial Conduct Authority (FCA) as part of its broader economic growth agenda. The PSR, while fully independent, already shares some operational services with the FCA.
Chancellor Rachel Reeves has announced a sweeping set of new regulations aimed at bringing clarity, consumer protection, and fraud prevention to the UK's rapidly growing crypto sector.
The U.S. Senate has voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that would have extended regulatory oversight to major tech companies offering digital payment apps and wallets, including Apple, Google, and X.
The U.S. Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to address cyber-related misconduct and protect retail investors from technology-driven fraud.
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
OKX operator Aux Cayes Fintech has pleaded guilty to running an unlicensed money transmitting business and will pay over $504 million in fines and fees.
JP Morgan Chase CEO Jamie Dimon, in a meeting with Republican lawmakers and top bank CEOs, called for a review of financial regulations. He warned that strict rules, particularly anti-money laundering laws, are forcing banks to cut off customers to avoid penalties.
In a sharp pivot from the previous administration’s approach, Deputy Attorney General Todd Blanche has announced the immediate disbandment of the Justice Department’s digital assets enforcement team.
The U.S. financial landscape for decentralized finance (DeFi) appears to be shifting, as the Securities and Exchange Commission (SEC) has terminated its investigation into Uniswap Labs, a prominent decentralized crypto exchange. The probe, which spanned over a year, accused Uniswap of functioning as an unregistered broker exchange and clearing agency while issuing unregistered securities.
London-based Wise misled U.S. customers with inaccurate fee advertisements and failed to properly disclose exchange rates, according to the Consumer Financial Protection Bureau (CFPB).