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Iran’s President Says De-Dollarization Key to a Fair International System
6.7.2023
Iran’s President Ebrahim Raisi has pushed for de-dollarization, stating that any attempt to “shape a fair international system” requires the removal of the U.S. dollar. “What forms the basis of the Western domination system has been the dominance of the dollar,” the Iranian leader stressed. Iranian...
Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
6.7.2023
Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and associated states of the Mercosur trade bloc to de-dollarize and establish stronger strategic alliances with international organizations, including the BRICS group. “We are experiencing a crucial moment...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
HSBC trialing quantum-safe financial transaction network in the UK
5.7.2023
The venerable British bank became the first to join BT (formerly British Telecom) and Toshiba’s secure quantum “metro” network in the United Kingdom
Denmark Financial Watchdog Directs Saxo Bank to Liquidate its Crypto Assets
5.7.2023
Denmark’s Financial Supervisory Authority (FSA) has directed Saxo Bank, a Copenhagen-based multi-asset broker, to dump its cryptocurrency holdings.
The bank’s trading in crypto assets for its own account is found to be “outside the legal business area of financial institutions,” the regulator...
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
5.7.2023
Danish bank Saxo has been ordered by Denmark's financial regulator to shed its own holdings of cryptoassets
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
5.7.2023
The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
Former SEC Official Calls CBDC ‘the Most Absurd Financial Idea’ Citing Unnecessary Risks, Privacy, Cybersecurity Concerns
5.7.2023
The U.S. Securities and Exchange Commission’s (SEC) former head of internet enforcement has called the creation of a central bank digital currency (CBDC) “the most absurd financial idea in the history of monetary policy.” He warned that a central bank digital currency not only creates...
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses
4.7.2023
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...
The High Rate Environment — Bank of America Faces Paper Losses Exceeding $100 Billion
4.7.2023
Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that...
UK financial watchdog reminds crypto firms of October deadline for marketing compliance
4.7.2023
Companies operating in the U.K. will have only “four routes to lawfully communicate cryptoasset promotions” in order to be in compliance with the FCA's regime
South Korea Passes Crypto Bill for User Protection
3.7.2023
The bill marks the country's first step towards a digital asset legal framework
40% of South Africans Familiar With the ‘Concept of Web3’ — Study
2.7.2023
Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe...
Hong Kong establishes task force to advance Web3 development
2.7.2023
The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement
Cboe Resubmits Spot Bitcoin ETF Filings With Coinbase as Surveillance-Sharing Partner Amid SEC Dissatisfaction
1.7.2023
In response to reports suggesting that the recent wave of spot bitcoin exchange-traded funds (ETFs) filed in recent weeks did not meet the U.S. Securities and Exchange Commission’s (SEC) standards, the Chicago Board Options Exchange (Cboe) has resubmitted four 19b-4 filings for these ETFs....
Binance Reportedly Denied Crypto License in Germany
1.7.2023
Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A rejection would prevent the exchange from advertising and growing in the major European market and deal another blow to its efforts to do regulated business on the Old Continent....
US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
1.7.2023
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that...
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
UK’s New Financial Law to Regulate Crypto, Includes Provisions for 'Crypto Hub
30.6.2023
The United Kingdom on Thursday officially passed legislation to regulate cryptocurrencies and stablecoins as part of its broader financial regulatory reforms post-Brexit.
The new law, dubbed the Financial Services and Markets bill, will grant regulators the authority to establish a tailored...