Policy


Mercados

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms

This week, two of the country’s largest banks announced crypto initiatives.

Turkish Flag Turkey (Unsplash)

Regulación

Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB

A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."

Stable Stability Balance (Unsplash)

Finanzas

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

One-time Abu Dhabi regulator Teng was appointed to oversee Binance's regional markets outside the U.S. back in June of this year.

Richard Teng (Binance)

Regulación

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

(Jesse Hamilton/CoinDesk)

Regulación

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.

New Delhi, India (Unsplash)

Regulación

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

Thumbs down (Markus Spiske / Unsplash)

Finanzas

U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia

Standard Chartered chose Dubai as its base for launching crypto services. Reading between the lines, the message coming from banks and large institutions is that almost anywhere is preferable to the U.S.

Standard Chartered, majority owner of Zodia Custody. (Shutterstock)

Regulación

EU Formally Agrees on New Crypto Tax Data Sharing Rules

The rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

European regulators will focus more on banks' exposure to crypto-linked entities. (Christian Lue/Unsplash)

Regulación

Digital Dollar May Pose 'Significant Risk,' Fed Governor Bowman Says

Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Opinión

Why Congress Will Be the Dollar’s Downfall

Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.

Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)