Express News | Analysis: Failure to Pass the Clarity Act May Create Opportunities for DeFi

According to CoinDesk, executives in the crypto industry believe that the failure to pass the Clarity Act will create opportunities for decentralized finance (DeFi), although established exchanges are likely to maintain their competitive advantage. Related initiatives by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that while the regulatory framework is expected to advance gradually, there remain gaps that require resolution by the U.S. Congress.

Latest02:58

Express News | Central Bank of Argentina: No Short-Term Push for Crypto-Banking Integration; 2022 Ban Remains in Place

On October 11, Bitcoin.com reported that Juan Curutchet, Head of Financial Institutions and Foreign Exchange at the Central Bank of Argentina (BCRA), stated that cryptocurrencies and digital assets would not be integrated into the banking and payment systems in the short term. He noted that there would be "no changes this year," but viewed integration as a possibility during a potential "second Milei term." This statement contradicts earlier rumors suggesting a potential relaxation of regulations on digital assets, with some banks claiming that a draft allowing banks to offer crypto services is being prepared. This implies that the BCRA's 2022 regulation prohibiting financial institutions from providing crypto services will remain in effect, with its repeal contingent on economic conditions prior to the general election. Curutchet acknowledged that current economic vulnerabilities limit the scope for progress but considered these issues part of a "pending agenda." Despite the ongoing ban, several banking groups are advancing their own stablecoin projects through independent entities, offering programmable money functions such as treasury management, payments based on on-chain events, and collateralized credit management to circumvent current restrictions. According to Chainalysis, Argentina received over $88.5 billion in cryptocurrency value in the 12 months ending June 30, making it the second-largest crypto hub in Latin America.

LatestOct 11 19:35

Trading Boom and Industrial Constraints: Why Is South Korea’s Crypto Industry Mired in Structural Dilemmas?

South Korea has long been one of the most unique countries in the global cryptocurrency market.

Jinse FinanceOct 11 17:08

Hong Kong's Financial Secretary: A draft amendment to the relevant ordinance will be submitted within the year to establish a licensing regime for virtual asset trading and custody services.

According to a press release from the Hong Kong Special Administrative Region Government, Secretary for Financial Services and the Treasury Christopher Hui attended a policy briefing of the

Foresight Oct 6 09:28

Interpretation of the U.S. CFTC's New Regulations: The regulatory scope covers crypto‑related activities involving leverage, margin, or financing, but it lacks jurisdiction over the spot market.

BlockBeats reports that on October 6, the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, seeking to establish a U.S. regulatory framework for cryptocurrencies

BlockBeatsOct 6 00:31

The U.S. CFTC has proposed its first set of rules for the cryptocurrency market, abandoning a regulatory approach that relies solely on enforcement.

PANews reported on October 5 that Michael S. Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in a Wall Street Journal op-ed that, following Congress's failure to pass

PANewsOct 6 00:29