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The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training. 

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Bank of England governor says stablecoins could reduce reliance on banks

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Bank of England governor says stablecoins could reduce reliance on banks

Bank of England governor says stablecoins could reduce reliance on banks

Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks.

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US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax

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US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax

US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax

The US Senate Finance Committee is holding a hearing on Wednesday on crypto asset taxation, following the IRS’s release of relief guidance on the Biden-era CAMT tax.

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House Republicans to probe Gary Gensler’s deleted texts

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House Republicans to probe Gary Gensler’s deleted texts

House Republicans to probe Gary Gensler’s deleted texts

A group of House Republicans said they’re engaging with the SEC’s Office of Inspector General to find out more about former SEC Chair Gary Gensler’s deleted text messages.

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