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BIS Says 'Hub and Spoke' Cross-Border Transfers Offer Benefits for Retail CBDC
6.3.2023
The model explored in Project Icebreaker would offer retail users the best foreign-exchange rates and faster transactions while allowing central banks to keep almost total control of their currencies
Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says
4.3.2023
Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet connected flip phone, an attorney to the U.S. Department of Justice has proposed in court filings made late Friday
Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges
4.3.2023
Silvergate Bank announced Friday it was suspending its "Silvergate Exchange Network" (SEN) "effective immediately."
SEC Official Says Binance US Is Operating 'Unregistered Securities Exchange'
3.3.2023
A U.S. Securities and Exchange official said agency staff believe Binance US is operating an unregistered securities exchange in the U.S
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says
U.S. Lawmakers Reintroduce Bill to Force Crypto Miners to Disclose Emissions
3.3.2023
U.S. Senator Edward Markey (D-Mass.) and Rep. Jared Huffman (D-Calif.) reintroduced a bill that would have crypto miners disclose their emissions and see the Environmental Protection Agency analyze the effect mining has
Bankrupt Crypto Lender Celsius Re-Opens Withdrawals for Certain Custody Accounts
3.3.2023
Celsius paused withdrawals last June, citing extreme market conditions
Investment Fund Focused on Crypto Mining to Be Created in Russia
3.3.2023
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining...
Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?
3.3.2023
Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a "going concern" within a year. The prominent California-based crypto bank's future gets increasingly murky
U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
3.3.2023
Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy
Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance US Deal
2.3.2023
U.S. Bankruptcy Judge Michael Wiles appeared heavily skeptical about an attempt by the Securities and Exchange Commission (SEC) to stop a purchase by Binance US of assets of defunct crypto lender Voyager at a Thursday court hearing
SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
2.3.2023
Binance a 'Hotbed of Illegal Financial Activity,' Senators Claim: WSJ
2.3.2023
A bipartisan grouping of three Senators has pressed the crypto exchange on allegations it sought to limit compliance
Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public
2.3.2023
Indian Crypto Exchange BitBNS didn't make a hack worth $7.5 Million on February 1, 2022 public to its users and instead told them it was "system maintenance" because "law enforcement" authorities advised them against it
Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty
2.3.2023
The emirate’s ambitious framework tackles a broad range of assets and activities, designed to attract firms seeking regulatory clarity
Metaverse Competition Issues Need Addressing, EU Antitrust Chief Says
2.3.2023
The European Commission is set to produce a strategy for online virtual worlds shortly
Three Japanese Banks Start Stablecoin Experiment
2.3.2023
Three Japanese banks, Kiraboshi Bank, Minna no Bank and The Shikoku Bank, are participating in an experiment that aims to implement a stablecoin system that meets legal requirements
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
1.3.2023
The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway
Silvergate Stock Plunges as Bank Says It May Face DOJ, Congressional and Bank Regulator Inquiries
1.3.2023
Silvergate Bank announced it would delay the filing of its annual report on Wednesday, causing shares to plummet in after-hours trading
Prosecutors’ Case Against FTX’s Sam Bankman-Fried Becomes Clearer
1.3.2023
Federal prosecutors have shared more information about their case against FTX founder Sam Bankman-Fried. Between two new indictments and civil suits against another former FTX executive, we now have a much clearer picture about what the Department of Justice thinks it has