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Crypto-Friendly Signature Bank Shut Down by State Regulators
12.3.2023
New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
11.3.2023
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse
Silicon Valley Bank Shuttered by State Regulators
10.3.2023
Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The startup-focused bank counted a number of major crypto venture capital firms as clients
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told
What Happens If Ether Is a Security?
10.3.2023
A recent suit filed by the New York Attorney general could have far-ranging complications for crypto exchanges that list ether and similar tokens
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...
Senior U.S. House Republican Says CBDCs Could Be ‘Weaponized’ as Political Tool
9.3.2023
One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security
9.3.2023
The New York Attorney General's office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities
US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr
9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision
SWIFT to Start Phase Two Pilot After Finding 'Value' in CBDC
9.3.2023
The banking network will now look at applications like securities settlement and trade finance
India's Crypto Regulation Now Has Teeth, Experts Say
9.3.2023
Bringing crypto companies into the purview of anti-money laundering rules imposes obligations and exposes them to fines for breaches
FTX Proposes $4M Bonus Program as It Seeks to Retain Staff
9.3.2023
The bankrupt crypto exchange wants to offer supplements up to 94% of salary to avoid sought-after coders quitting
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
9.3.2023
The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
9.3.2023
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards
Crypto Bank Silvergate Announces 'Voluntary Liquidation'
8.3.2023
The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans
UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO
8.3.2023
Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday
Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says
8.3.2023
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said
India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time
8.3.2023
They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities
AXA Investment Managers Gains French Crypto Registration
8.3.2023
Crypto firms are in a race to pass the governance and money laundering checks monitored by the French financial market authority as new EU rules bed in