Chinese Iron Ore Importers Turn to Digital Yuan to Reduce Dependence on U.S. Dollar

Aug 20, 2020

The extensive effort taken on by almost every part of the Chinese government to push for the development of the digital yuan seems to have worked. However, it’s not the industrious push to digitize the economy that made it attractive for many large companies, but rather the stability that a cent...

Nationally Chartered Banks in the U.S. Can Now Provide Custody Services to Cryptocurrencies

Jul 23, 2020

In what was deemed to be a huge win for the crypto industry, the U.S. Department of Treasury has ruled that national banks and savings associations can provide custody services to cryptocurrencies. The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Departmen...

Sanctions Against Abra Mean that SEC and CFTC Could Be Targeting DeFi Next

Jul 16, 2020

Abra, an investment platform that allows users to trade tokenized versions of stocks and bonds, has become the latest crypto company to suffer at the hands of U.S. financial regulators. Earlier this week, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trad...