Australia’s Anti-Money Laundering regulator has taken action against 13 remittance service providers and crypto exchanges, with over 50 others still being investigated regarding possible compliance issues. Australian Transaction Reports and Analysis Center (AUSTRAC) CEO Brendan Thomas said in a Feb. 17 statement that the regulator refused registration renewal for six providers because key personnel were either convicted,…
The Texas Senate is set to hold a public hearing on Feb. 18 to discuss the establishment of a Bitcoin reserve, but market analysts say the move may be largely symbolic unless the state announces an immediate investment plan. The first public hearing for the establishment of a potential strategic Bitcoin reserve in Texas is scheduled…
Stablecoin issuer Tether is reportedly in talks with Congressional lawmakers in the United States to help craft stablecoin regulatory policies at the federal level. According to Fox Business reporter Eleanor Terrett, Tether has been working with representatives Bryan Steil, chairman of the House Financial Committee’s Subcommittee on Digital Assets, and French Hill on the STABLE Act introduced…
New cryptocurrency issuance hit an all-time high in January, sparking concerns among analysts over the lack of investor liquidity in the market. Over 600,000 new cryptocurrencies were launched during January, a 12-fold increase compared to the same period in 2024, according to GeckoTerminal data shared by Bobby Ong, the co-founder and chief operating officer of CoinGecko. “Back…
A higher layer-1 (L1) capacity remains essential for Ethereum, even as the network follows a rollup-centric roadmap, Ethereum co-founder Vitalik Buterin argued in a Feb. 14 blog post. He presented his case for further increases to Ethereum’s gas limit despite a recent agreement that raised it from 30 million to 36 million. Increasing the gas limit allows more…
The US Securities and Exchange Commission’s Crypto Task Force met with several representatives from the cryptocurrency and traditional finance sectors to discuss regulatory issues impacting digital assets in early February. Key themes included staking, clear guidelines for exchange-traded products (ETPs) and a new framework for policing the emerging asset class. According to memoranda available on…