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But, despite a huge amount of money being poured into the coins, on 9 May 2022 Terraform Labs collapsed catastrophically, losing more than 99% of its value in 48 hours. „Since then, UAE regulators have remained at the forefront of the industry,“ according to a Chainalysis report. Singapore was notably bruised by the collapse of TerraUSD, a controversial algorithmic stablecoin, in 2022, as well as the fall of Three Arrows Capital, or 3AC. Both Terra Labs, the company behind Terra, and 3AC were headquartered in Singapore. FrxUSD stablecoin gains resilience and regulatory edge through BlackRock’s BUIDL fund partnership. The global appeal of Bitcoin ETFs has influenced South Korea’s exchange chairman to reconsider crypto investment strategies.

Ethereum dominates USDC’s supply at 65%, but Solana, Base, and Hyperliquid forbes news 247 now capture a growing share of the market. Delphi Digital predicts that stablecoin monthly active addresses will surpass 50 million as adoption becomes a necessity for fintechs. Bitcoin was among the assets affected, however it has significantly grown in value since then and briefly stood at more than $100,000 per coin in December. It’s estimated the so-called „cryptocrash“ resulted in losses of $400bn (£318 bn).

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• Thus far, the U.S. has led that campaign against crypto firms by enforcement and has, by far, been the most punishing of regulators when it comes to penalties and fines.
• „These agencies have provided guidance to the industry on how digital assets and cryptocurrencies must be offered and sold, traded, and held by custodians,“ said Levin, who has been involved in the fintech sector for 30 years.
• Meanwhile, the European Union is moving towards a unified regulatory framework for cryptocurrencies with its Markets in Crypto-Assets Regulation (MiCA).
• CryptoSlate’s latest market report dives deep into Bitcoin ETF options, their role in the market, and their potential to reshape institutional crypto trading.

Coinatory is not liable for any inaccuracies or errors resulting from the use of AI-generated content. By using our website, you agree to these terms and acknowledge the role of AI in our operations. In summary staying updated with the news is vital, for anyone engaged in this domain. By keeping of developments individuals can make informed choices regarding their cryptocurrency investments. „Innovations, partnerships, and new entrants in the stablecoin space pose a risk to Tether’s dominance,“ they said. „This year was a strong one for crypto, registering a 90%+ increase in total market cap,“ Citi analysts led by Alex Saunders said in a Friday note.

Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. T3 FCU exemplifies the power of public-private collaboration in real-time cryptocurrency crime-fighting, freezing over USDT 100 million in illicit assets. 2025 will see a sea change in the U.S. regulations, acceptance of bitcoin as digital gold and stablecoins as important rails for payments, says EY’s Paul Brody. Those developments will likely help stablecoins continue to lead the way toward decentralized finance, they add. „For a 5% allocation, performance needs to be higher – double-digits using the S&P’s longer-term risk-reward trade-off, or 21% using recent returns where the high reward/risk implies investors need to be compensated well for taking additional risks,“ the analysts wrote. „These flows have been the most significant driver of crypto returns, and we expect this to continue in 2025,“ the analysts said.

In its annual report summing up enforcement actions, the CFTC noted that nearly half of all cases in 2023 involved conduct related to digital asset commodities. „These agencies have provided guidance to the industry on how digital assets and cryptocurrencies must be offered and sold, traded, and held by custodians,“ said Levin, who has been involved in the fintech sector for 30 years. According to Levin, „The SEC, the CFTC and FinCEN routinely provide informal guidance on the regulation of digital assets and cryptocurrencies.“ The Citi analysts’ note pointed to six key factors that will help determine the price of crypto in the coming year, including ETF activity, regulation, and the future market for a type of crypto known as stablecoins. „The SEC even went so far as to provide a framework for the analysis of digital assets and cryptocurrencies. The SEC also created a fake digital asset (HoweyCoins) that gave advice to the FinTech community on how not to launch a digital asset,“ Levin added.

Bitcoin Buyers Saw 40% Gain on Average Last Year, Realized Price Shows

„Some members of the industry forget the SEC is relying on laws that were written when American football players wore leather helmets, and the SEC must apply those laws to the FinTech industry,“ he said. Concerning criminal enforcement, Damian Williams, the U.S. attorney for the Southern District of New York, has been leading some of Justice’s highest-profile crypto prosecutions, including the monthlong trial of Bankman-Fried, the disgraced FTX founder. In November, a jury found the former FTX chief executive guilty of all seven criminal counts against him following a few hours of deliberation. Bitcoin originated during a banking crisis, sparking a digital currency evolution that now boasts institutional celebration. As gold and Bitcoin register a bull market, Jan van Eck stated that these assets are essential for any portfolio. Ethena Labs targets the DeFi frontier with new stablecoin products, aiming to dethrone Tether as the industry leader.

Do Kwon was the boss of Terraform, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, sparking a wider sell-off in the crypto market. Two years later, in 2018, Abu Dhabi Global Market created the world’s first regulatory framework for cryptocurrency to foster innovation while safeguarding consumers. Blockchain analytics firm Chainalysis notes that regulators in the UAE were early to cryptocurrency, with Dubai leading the charge when it launched a blockchain strategy in 2016. Meanwhile, the European Union is moving towards a unified regulatory framework for cryptocurrencies with its Markets in Crypto-Assets Regulation (MiCA). He argues that even without rules on crypto from lawmakers, routine complaints that U.S. regulators are not providing guidance to the industry are without merit.

Most notably, the SEC alleges that at least 13 crypto assets available to Coinbase customers — including Solana’s sol, Cardano’s ada, and Protocol Labs’ filecoin — should be considered securities, meaning they’d need to be subject to strict transparency and disclosure requirements. Cryptocurrency resembles currency operating independently without the need, for banks. As the landscape of money continuously evolves it is crucial for all individuals involved to remain vigilant. Staying informed about cryptocurrency prices, regulatory developments, technological advancements and corporate adoption becomes paramount.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with. Starting from Jan 1, 2024, France’s Financial Markets Authority, or AMF, is set to amend its registration requirements for crypto firms to better align with MiCA, according to an August statement from the regulator. Companies are already getting ready to take advantage of the new rules, with Coinbase submitting an application for a universal MiCA license in Ireland. If and when it is approved, this would allow Coinbase to „passport“ its services into other countries like Germany, France, Italy, and the Netherlands. The European Union looks set to apply its Markets in Crypto-Assets legislation, which is aimed at taming the „Wild West“ of the crypto industry, in full force starting next year.

Lastly, the analysts said regulation will be a reigning theme next year as Trump takes office. The incoming US President has appointed several pro-crypto candidates to his cabinet. Their policies remain unclear, though the industry generally expects lighter regulation, which could fuel more widespread adoption. More stablecoins entering the space could threaten long-time stablecoin leader Tether’s leadership, the analysts say, particularly from a new partnership between Circle and centralized exchange Binance.

MARA CEO Fred Thiel sees institutional adoption and policy shifts as catalysts for Bitcoin’s potential growth to $200k by 2025. MiCA requirements make stablecoin issuers navigate rigorous compliance while traditional banks leverage resources to integrate blockchain innovations. South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen. The crypto exchange joins a number of crypto payment providers enabling customers to pay with crypto.

While many regions have passed laws with potentially tough penalties, the U.S. is still the only country that has actively taken action against large-scale crypto companies and projects. Thus far, the U.S. has led that campaign against crypto firms by enforcement and has, by far, been the most punishing of regulators when it comes to penalties and fines. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021. Earlier this year, the Monetary Authority of Singapore, which is recognized for clear fintech and crypto regulations that do not rely heavily on enforcement actions, finalized rules for stablecoins, making it one of the world’s first jurisdictions to do so. The analysts said they are monitoring bitcoin volumes, stablecoin market values, and rising adoption in countries with currency problems, such as Turkey, Argentina, and Venezuela.