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Central Banks Successfully Test DLT in Linking Financial Settlement Systems
19.4.2023
The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said
What’s in the House Financial Services Committee’s Stablecoin Bill?
19.4.2023
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins
FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report
18.4.2023
The collapsed exchange's creditors are working with the company "to evaluate all options to reboot or sell the FTX exchanges."
Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing
18.4.2023
Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing on his agency
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
18.4.2023
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates
Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel
18.4.2023
The bank made it clear that no decision has yet been made on issuing a central bank digital currency
Crypto Exchange Bybit Opens Global HQ in Dubai
18.4.2023
Crypto exchange ByBit has opened its global headquarters in Dubai, nearly an year after it had revealed plans based on an in-principle approval to move its global headquarters to the city
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
18.4.2023
At least one bank is leaning towards developing it on a permissioned blockchain
SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
17.4.2023
The U.S. Securities and Exchange Commission's (SEC) warning shot last week that decentralized finance (DeFi) could be thrown into its expanding definition of what makes a securities exchange is the latest move to formalize what Chairman Gary Gensler has been saying: Crypto belongs in the securities...
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
17.4.2023
The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit
NY Financial Regulator Adopts Virtual Currency Assessment Rule
17.4.2023
The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision
Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit
17.4.2023
The U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Bittrex simultaneously operated a national securities exchange, broker and clearing agency in violation of federal statutes. Former CEO Bill Shihara and Bittrex Global GmbH are also facing charges
SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ
17.4.2023
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation
Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
17.4.2023
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall
Shaquille O'Neal Finally Served FTX Lawsuit: Lawyers
17.4.2023
Legendary Basketballer Shaquille O'Neal has finally been served a class-action lawsuit against FTX founder Sam Bankman-Fried, lawyers of the plaintiffs tweeted on Sunday
Arizona Governor Vetoes Bill to Limit Local Regulations and Taxes on Blockchain Node Operators
14.4.2023
Arizona Governor Katie Hobbs has vetoed legislation that would have barred municipalities from taxing cryptocurrency mining operations.
In a Wednesday letter, Hobbs said that the bill SB 1236 seeks to tie the hands of local stakeholders in regard to crypto mining policymaking. She said:
"The bill...
UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy
14.4.2023
The department will explore economic growth, investment and business opportunities in these areas along with implications on regulation
U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations
14.4.2023
The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on Friday
Bitcoin Should Be Central to Regulation of Digital Assets
13.4.2023
U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, says John Rizzo
London Stock Exchange Unit to Clear Bitcoin Index Futures, Options
13.4.2023
LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class