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Reviewing the Tether Documents
21.6.2023
Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, which CoinDesk won...
Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins
21.6.2023
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
21.6.2023
The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger
FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says
21.6.2023
Transforming a ‘smoldering heap of wreckage’ can cost good money, Katherine Stadler said
Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced
21.6.2023
A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant political skepticism about the purpose
EU Commission’s Digital Euro Bill Back on Track for June 28, Lead Official Says
20.6.2023
The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday
EU Commission Brushes Off 'Data Act' Fears by Crypto Industry
20.6.2023
New rules could kill off permissionless smart contracts, the industry worries
Japan's Crypto Exchanges Seek Looser Margin Trading Regulations for Growth
20.6.2023
Japan's crypto exchanges are seeking regulations that would allow retail investors higher leverage on margin trading.
Japan's Virtual & Crypto Assets Exchange Association revealed that the crypto exchanges in the country are seeking permitted leverage for retail investors of four to ten times. ...
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
20.6.2023
Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia
Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS
20.6.2023
“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin
Global Crypto Regulations for DeFi Backed by France's Markets Regulator
20.6.2023
France's markets watchdog, the Autorité des Marchés Financiers (AMF), said it fully supports globally coordinated, clear regulation for decentralized finance (DeFi) in order to protect users while fostering the novel and innovative sector's growth.
The AMF published its paper on DeFi on Monday...
Australia's crypto laws risk being outpaced by emerging markets: Think tank
20.6.2023
Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
19.6.2023
The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment
EU Legislation for Digital Euro Is Put on Hold: Source
19.6.2023
A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
19.6.2023
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon
UK Financial Watchdog Cancels Binance Permissions on Firm's Request
19.6.2023
U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country
IMF Official Presents Blueprint for Cross-Border CBDCs
19.6.2023
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls
France's Markets Regulator Backs Global Rules for DeFi
19.6.2023
The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
19.6.2023
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years
Crypto Conglomerates Should Be Regulated, MiCA 2 Needed, Bank of France Governor Says
19.6.2023
International cooperation is necessary to regulate crypto conglomerates, according to the head of the central bank of France. Speaking at a tech forum in Paris, Governor Villeroy de Galhau also suggested that a new version of the EU’s recently adopted crypto law may be needed to deal with...