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The UK government expects the country’s stablecoin and staking legislation within six months. Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, said this during an event hosted by Coinbase in London. The UK government expects new regulations on stablecoins and staking services to roll out in the country within the next six months, Economic Secretary to His Majesty’s Treasury (HMT), Bim Afolami, has noted. According to a Bloomberg report , the government is focused on having the legislation in place this year as part of the overall push for regulatory clarity for the crypto sector. “We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable ,” Afolami said during an event hosted by Coinbase in London. Afolami’s comments come as observers point to the government’s plans to have the crypto regulation regime in place befor...

Coinbase obtained the Virtual Assets Service Provider (VASP) approval from French regulator Autorité des Marchés Financiers (AMF). The exchange has approval to offer crypto custody and trading services to retail and institutional investors. Coinbase has received regulatory approval to offer its crypto exchange services and products in France, the firm announced on Thursday. As CoinJournal reported earlier, stablecoin issuer Circle also obtained a regulatory nod in the country. Coinbase gets approval to offer crypto in France The US-based crypto exchange said in its announcement that French regulator Autorité des Marchés Financiers (AMF) has granted it the Virtual Assets Service Provider (VASP) registration . The authorisation is a “significant milestone” in the exchange’s quest to expand its services across Europe. The VASP licence allows Coinbase to offer digital assets custody and trading to both retail and ins...

Bitcoin and crypto were on the agenda during the Republican presidential debate, with one contender chastising regulators for not doing enough and allowing FTX to happen. GOP candidate Vivek Ramaswamy pushed back on the narrative that Bitcoin (BTC) and digital assets bootstrap criminal activity by facilitating unchecked money transfers through decentralized networks.  Ramaswamy said that Bitcoin offered an alternative to America’s broken financial architecture” and that his policies would bolster economic freedom in the United States. When asked if legitimizing the burgeoning crypto industry would not also incentivize illegal activity, Ramaswamy spoke to inadequate existing policies and preexisting use of traditional financial systems by criminals.  The Republican candidate also said that agencies like the Securities and Exchange Commission (SEC) and its current chair, Gary Gensler, failed to prevent cases like FTX, a crypto exchange founded by the convicted Sam Bankman-Frie...