Crypto News

China Implements New Forex Risk Management Guidelines for Banks

China's State Administration of Foreign Exchange has introduced new guidelines to enhance forex risk management for banks, focusing on identifying high-risk transactions and illegal financial activ...

Japan's Ruling Party Approves Groundbreaking Cryptocurrency Tax Reform

Japan's ruling Liberal Democratic Party has approved significant tax reforms for cryptocurrency transactions, treating them as financial products. This initiative introduces reporting obligations f...

SEC Imposes $6.75 Million Fine on Cantor Fitzgerald for SPAC Misrepresentation

The SEC has fined Cantor Fitzgerald $6.75 million for misleading investors in two SPAC projects that raised $750 million, highlighting the need for transparency in financial communications.

Hong Kong's Digital Currency Initiative: Security Risks and Solutions

Hong Kong's move towards a digital dollar raises security concerns, particularly with potential scams through fake electronic wallets. Officials emphasize the importance of public testing for elect...

Perianne Boring's Potential Leadership Role at CFTC Under Trump Administration

Perianne Boring is being considered for a leadership position at the CFTC, which could greatly influence commodity futures trading regulations. Her experience and insights may shape the agency's re...