Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as banks, triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA). Some market observers were caught by surprise after learning that the first batch of stablecoin licences was only
The GENIUS Act: A New Era in U.S. Crypto Regulation originally appeared on L.A. Mag. The U.S. Department of the Treasury’s Treasury BuildingCourtesy rrodrickbeiler via Adobe Stock Meet the stablecoin: the dollar-pegged digital asset quietly powering payments and blockchain infrastructure across the digital economy. What happens when Washington draws a legal line around it? That’s the question
VanEck is bringing an actively-managed exchange-traded fund (ETF) tracking digital asset stocks to the market after receiving approval from the U.S. Securities and Exchange Commission (SEC). The VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks, VanEck’s head of digital asset research Matthew Sigel, said in a post on X.The management fee will
As political tailwinds lift the crypto industry, Mastercard hopes to cash in on a bet it started years ago. The payments giant is looking to replicate its massive card network for the blockchain world to create a way for consumers, merchants, and financial institutions to transact digital assets. Doing so will require engineering leg work,
WASHINGTON, DC – MARCH 07: U.S. President Donald Trump (C) speaks alongside Treasury Secretary Scott … [+] Bessent (L) and White House Crypto Czar David Sacks at the The White House Digital Assets Summit at the White House on March 07, 2025 in Washington, DC. The Summit, which comes a day after Trump established a