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Tether’s $1 Billion Deposit With Britannia Financial Subsidary At Center of Legal Battle in London’s High Court
21.11.2023
Source: Adobe/Jim Tether’s deposit of over $1 billion with a financial services firm has come under scrutiny in London’s High Court. According to a Tuesday report from The Financial Times, Tether’s funds were deposited with a subsidiary of investment bank Britannia Financial...
NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms
16.11.2023
Source: NYDFS The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies. The updated guidance, named...
New York finance regulator tightens crypto listing guidance
16.11.2023
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS
House Financial Services Subcommittee on Digital Assets Tackles Hamas’ Illicit Cryptocurrency
15.11.2023
The House Financial Services Subcommittee on Digital Assets, Financial Technology & Inclusion convened the afternoon of Wednesday, November 15th, to discuss illicit activity in regards to cryptocurrency. Bad actors “We know that bad actors prey on vulnerabilities wherever they can find them,”...
US House Financial Services subcommittee looks for answers on crypto and crime
15.11.2023
Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation
Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas' Digital Asset Fundraising
15.11.2023
A group of lawmakers led by
Singapore’s Central Bank Expands Asset Tokenization Initiatives Under Project Guardian
15.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights. The central bank announced Wednesday that the initiative is an extension of the ambitious Project Guardian – involving...
Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
15.11.2023
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing
U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing
13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
13.11.2023
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing
Swiss Financial Giant UBS Now Offers Crypto ETFs to Wealthy Clients in Hong Kong, Report
11.11.2023
UBS has reportedly begun offering wealthy clients access to some crypto exchange-traded funds (ETFs) in Hong Kong. Initially, the Swiss financial services giant is offering three crypto ETFs that have received regulatory approval from the Securities and Futures Commission. UBS Offering Crypto ETFs...
House Approves Amendment to Limit SEC’s Crypto Enforcement Authority
10.11.2023
The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against the crypto industry. “Gary Gensler is...
Tom Emmer’s Amendments to Curb SEC Enforcement Abuses against Crypto Passes House Unanimously
9.11.2023
Source: Twitter/@MNFarmBureau Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets. The politician has attached an amendment to HR 4664, also known...
Financial Giant Fidelity Addresses 9 Common Bitcoin Criticisms and Misconceptions
8.11.2023
Financial services giant Fidelity has addressed nine common Bitcoin criticisms and misconceptions, emphasizing that some of them are “either unfounded or unlikely to be a serious concern.” They include volatility, suitability as a payment method, environmental impact, competition...
South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network
7.11.2023
South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play...
Mauritius mulls wrapping metaverse into financial services
6.11.2023
While acknowledging the need for collaboration in reshaping the financial services to accommodate metaverse, the FSC Mauritius asked seven questions to the public
Financial Giant Fidelity’s Director Sees Bitcoin as ‘Exponential Gold’
5.11.2023
Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value —...
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
4.11.2023
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate...
Dubai Financial Services Authority Adds XRP and Toncoin to List of Recognized Tokens
3.11.2023
The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens. This development underscores the DFSA’s commitment to creating a conducive regulatory environment for digital...
JPEX Scandal Won’t Deter Hong Kong’s Web3 Market Development, Says Treasury Secretary
2.11.2023
Amidst the $213 million scandal involving the cryptocurrency exchange JPEX, the Hong Kong government has maintained its commitment to advancing its Web3 vision for the region. Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, assured the city’s vision...