Nigerian Banks Urged to Embrace Digital Assets Amid Regulatory Shifts Nigeria’s digital asset market is booming, yet banks are lagging behind due to regulatory concerns. A recent KPMG report, in collaboration with Chainalysis, urges Nigerian banks to step up and embrace digital assets to stay competitive. 25% increase in digital asset value received in Nigeria. […]
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Crypto Market Maker Keyrock Expands to U.S. with New Entity, Opens New York Office In a bold move signaling the blurring lines between traditional finance and digital assets, Keyrock, a leading crypto market maker, has set its sights on the U.S. market, launching a new entity and opening an office in New York. Keyrock launches […]
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Bank of Russia’s Cautious Crypto Experiment: A New Dawn for Qualified Investors The Bank of Russia has launched a three-year experiment allowing wealthy investors with over $1.1 million in securities and deposits to trade cryptocurrencies like Bitcoin. This move marks a cautious step towards embracing digital assets, with strict oversight and risk management in place. […]
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Olshan white collar litigation partner Robert Appleton is set to participate in a pivotal panel discussion at the upcoming Offshore Disputes Week in Grand Cayman. The event, taking place on March 26 at the Hotel Indigo Grand Cayman, will bring together legal experts and professionals from across the globe to explore critical trends in digital […]
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Nigeria Moves to Tax Digital Assets Amid Regulatory Crackdown Nigeria is set to tax digital assets by the end of March, spearheaded by the Securities and Exchange Commission (SEC) to integrate these assets into the formal economy. This move is part of a broader regulatory crackdown on offshore exchanges, pushing for a shift towards regulated […]
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Senate Banking Committee to Hold Crypto Hearing Next Week: A Step Towards Regulatory Clarity Next Wednesday, the Senate Committee on Banking, Housing, and Urban Affairs will dive into the world of digital assets with a hearing titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.” This event marks a crucial moment for the crypto community as […]
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Utah’s Bold Leap into Bitcoin: House Bill 230 Advances Could Bitcoin soon become a staple in state treasuries across the US? Utah’s Senate Revenue and Taxation Committee has taken a significant step toward that reality, passing House Bill 230 (HB230) with a 4-2-1 vote. This move marks a pivotal moment in the state’s journey to […]
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Montana Advances Bitcoin Reserve Bill, Joining a Growing State Trend Montana is betting big on Bitcoin, joining a growing list of states ready to embrace digital assets as a new frontier for financial reserves. House Bill 429, which recently passed the House Business and Labor Committee with a 12-8 vote along party lines, could see […]
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Coinbase vs. SEC: U.S. Regulator Seeks 28-Day Extension on Digital Asset Appeal The U.S. Securities and Exchange Commission (SEC) has requested a 28-day extension to respond to Coinbase’s appeal regarding the classification of digital assets as securities. This development follows the establishment of a new SEC crypto task force, indicating a potential shift in regulatory […]
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Trump’s Executive Order Aims to Make the U.S. a Crypto Powerhouse On January 23, 2025, President Trump issued an executive order titled “Strengthening American Leadership in Digital Financial Technology,” signaling a major shift in U.S. cryptocurrency policy. This order aims to bolster digital assets while prohibiting central bank digital currencies (CBDCs) and promoting dollar-backed stablecoins. […]
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