BLI.Tools

Crypto Power Shuffle in Indonesia Hits a Speed Bump

Indonesia’s Crypto Oversight Transfer to OJK Faces Delay The Indonesian government is racing against time to finalize the transfer of crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) to the Financial Services Authority (OJK) before the January 12, 2025 deadline. The transition, mandated by the Financial Sector Law, has been stalled due to … Read more

Walmart’s Blockchain Recipe: Serving Up Safer Food, Faster Recalls!

Blockchain’s Role in Preventing Foodborne Illness: Lessons from Recent Outbreaks Recent foodborne illness outbreaks in the United States have highlighted the urgent need for enhanced food safety measures. In December 2024, over 80 people fell ill with norovirus after consuming contaminated oysters at a high-profile Los Angeles event. Just a month earlier, a multistate Salmonella … Read more

IRS Happy New Year: End Of Year Crypto Gift?!

IRS Announces Temporary Relief for Digital Asset Brokers and Taxpayers Ahead of 2025 Compliance Deadline The IRS’s announcement of temporary relief under Revenue Procedure 2024-28 brings significant implications for consumers and entrepreneurs navigating the rapidly evolving world of digital assets. This guidance, which addresses compliance challenges ahead of the January 1, 2025 deadline, reflects the … Read more

MiCa is over the Moon About MoonPay

MiCA: The Crypto Rules Changing the Game for Businesses and Consumers The implementation of Europe’s Markets in Crypto-Assets (MiCA) regulation is more than just a milestone for businesses—it’s a game-changer for consumers navigating the digital asset landscape. MoonPay’s recent approval under MiCA illustrates the regulation’s significance in creating a unified framework for digital assets across … Read more

Latvia’s 2025 Free Holiday Gift & Red Carpet for EU MiCA Licenses!

Latvijas Banka Launches Free Pre-Licensing Consultations for EU MiCA Licenses Riga, Latvia – The Central Bank of Latvia, Latvijas Banka, has announced an initiative to provide free pre-licensing consultations for crypto-asset service providers seeking to obtain the upcoming EU MiCA license. This new license establishes a unified legal framework for the cryptocurrency and digital asset … Read more

EU’s Compliance Deadline Looms in January 2025

Regulation for Finance Sector to Launch in 2025, Institutions Must Ready for Tech Risk Compliance Brussels, Belgium — December 14, 2024 — The European Union’s Digital Operational Resilience Act (DORA) will become effective on January 17, 2025, bringing substantial changes for financial entities and their key technology service providers. DORA aims to create a standardized … Read more

Saudi Arabia Hosts UN Internet Governance Forum

IGF Dynamic Coalition on Blockchain Assurance and Standardization to Host Session at 2024 United Nations Internet Governance Forum Riyadh, Saudi Arabia — As Co-leader of the IGF Dynamic Coalition on Blockchain Assurance and Standardization, Dino Cataldo Dell’Accio announcee the upcoming session at the 2024 United Nations Internet Governance Forum (IGF), to be held in Riyadh, … Read more

Congressman French Hill Named Chairman of House Financial Services Committee, Set to Lead Digital Asset Innovation

Congressman French Hill Appointed House Financial Services Committee Chairman, Focus on Digital Assets and Financial Innovation Washington, D.C. — December 13, 2024 — Congressman French Hill (R-AR) has been selected to serve as the next Chairman of the House Financial Services Committee in the 119th Congress, following a recommendation by the House Republican Steering Committee. … Read more

Ripple Receives Groundbreaking NYDFS Approval for RLUSD Stablecoin, Expanding U.S. Market Reach

Ripple Secures NYDFS Approval for RLUSD Stablecoin, Marking a Major Regulatory Milestone New York, NY — Ripple, a leading blockchain and digital payment solutions provider, has received approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. This approval marks a significant achievement for Ripple, underscoring the growing role of … Read more

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