The Bank for International Settlements (BIS) made progress in automating compliance for cross-border transactions through Project Mandala.  The BIS officials updated the page for Project Mandala, which is exploring automated…

The Hong Kong government published a policy on the responsible use of artificial intelligence (AI) in the financial sector. The document emphasizes support for innovation, risk management, and data protection. …

The Dutch government launched a public debate on a draft law that will require crypto services to collect and share user data with the tax authorities. The initiative will bring…

South Korean authorities plan to introduce special regulations for cross-border cryptocurrency transactions in 2025. The initiative is designed to strengthen methods of combating tax evasion and currency crimes. Choi Sang-Mok,…

The Danish Tax Agency proposed a bill to introduce a tax on unrealized profits from crypto-assets from 2026. The initiative aims to improve the regulation of cryptocurrencies in the country…

International organizations agree that tokenization, at its current stage of development, doesn’t pose a threat to financial stability. It carries the same risks as TradFi, which can be prevented by…

The chair of the Commodity Futures Trading Commission (CFTC) said that the agency can’t control the crypto market without legislative changes. But the development of a regulatory framework for digital…

A member of the U.S. Federal Reserve’s Board of Governors said that stablecoins can strengthen the financial system if the necessary safeguards are put in place to minimize risks.  Speaking…

UAE authorities prepared a legal framework for decentralized autonomous organizations (DAO) to operate in the Ras Al Khaimah free economic zone (RAK DAO). The initiative is designed to allow international…