Russian-Sberbank Plans Crypto Wallet And Digital Depository By December

Sberbank, Russia’s largest bank, intends to launch a cryptocurrency wallet and a digital depository once the country’s crypto legislation takes effect, a step that would put a state-controlled lender at the center of Russia’s emerging digital asset market. Kirill Tsarev, First Deputy Chairman of Sberbank’s Management Board, announced the plan to RBC Investments at the … Read more

Belgium Adds Six Crypto Firms to Fraud List Under Mica Rules

Belgium’s financial markets regulator warned consumers against six crypto-asset service providers (CASPs) it said were operating in the country without authorization, days after the European Union’s Markets in Crypto-Assets (MiCA) licensing deadline took effect.  On Monday, the Financial Services and Markets Authority (FSMA) identified several CASPs active in Belgium without authorization under MiCA regulation. FSMA … Read more

Europe Warns AI Threatens Financial Stability

European regulators and central bankers have warned that rulemaking cannot keep pace with rapid advances in agentic artificial intelligence and have called for guardrails to protect the financial system.  Bank of England deputy governor Sarah Breeden is one of several central bankers who have said that agentic AI could amplify volatility during bouts of market … Read more

Dubai Tops Asian Crypto Hubs, India Isolates Banks From Crypto: Asia Express

India’s central bank revives push to isolate banks from crypto: Report The Indian central bank reportedly urged lawmakers to keep banks insulated from crypto and private stablecoins while preserving room for regulated tokenization. According to a report by The Economic Times, RBI Deputy Governor Rohit Jain and Executive Director P. Vasudevan presented the central bank’s … Read more

Clarity and Congress’s summer break: State of Crypto

The president also disclosed holding north of $100 million in various cryptos, and a few smaller stakes in firms like Corewave. Senator Elizabeth Warren, the senior-most Democrat on the Banking Committee, called for an ethics provision in the Clarity Act in a statement after the disclosure, saying, “The crypto legislation heading to the Senate floor … Read more

South Africa’s Tax Authority Proposes Crypto Tax Guidance

South Africa’s tax authority has proposed new guidance that clarifies how crypto assets are taxed under existing income and capital gains tax frameworks. The South African Revenue Service (SARS) on Wednesday published draft guidelines on crypto asset taxation, applying South Africa’s existing tax framework, primarily the Income Tax Act, 1962, alongside capital gains tax rules. … Read more