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TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
20.6.2023
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment...
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...
Crypto Lobbyists Ask SEC for Info on Prometheum, The Mysterious 'Regulated' Crypto Firm
15.6.2023
The “regulated crypto exchange” backed Gary Gensler’s viewpoint in front of Congress. But are they for real?
DEXs can’t be regulated like exchanges: Coinbase to SEC
15.6.2023
The U.S. Securities and Exchange Commission (SEC) has received a letter from the cryptocurrency exchange Coinbase claiming that the DEX cannot be controlled. The statement continues by saying that decentralized exchanges are not subject to the same laws as centralized exchanges, which were...
Gary Gensler’s Catch-22 Vision of ‘Regulated’ Crypto Brokers
14.6.2023
The SEC-registered trading platform Prometheum pitched the House on Gary Gensler's vision. But skeptical legislators highlighted that the platform won't offer major assets, including Bitcoin
Nigerian Regulator Labels Binance Affiliate’s Local Operations Illegal
11.6.2023
The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The regulator has also said anyone who continues to deal with Binance...
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
Terra Luna Co-Founder Do Kwon's Political Ties in Montenegro Under Investigation
8.6.2023
Terra Luna (LUNA) co-founder is making headlines again, this time looking into his relationship with Montenegro's political elite. The news comes after Montenegrin politician Dritan Abazovic, in collaboration with political parties and NGOs, commissioned the Special State Prosecution to establish...
AI should be regulated like medicine and nuclear power: UK minister
6.6.2023
A minister from the United Kingdom's opposition party says AI should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries
Coinbase Expands Futures Offering, Unveils ‘Institutional-Sized’ Bitcoin and Ether Contracts
4.6.2023
On June 1, Coinbase revealed its plans to extend bitcoin and ether futures contracts to institutional investors through its derivatives exchange. The firm mentioned that the Coinbase Bitcoin (BTI) and Ether (ETI) futures contracts would be accessible via third-party institutional futures commission...
US Lawmakers Urges the SEC To Include State-Regulated Custodians in New Rule
26.5.2023
Lawmakers urged a US regulator to not further limit certain financial stakeholders in its proposed rule tightening cryptocurrency custody requirements.
Republican Rep. Mike Flood of Nebraska and Democratic Rep. Ritchie Torres of New York sent a letter to the Securities and Exchange Commission...
Should Bored Apes or other NFTs be regulated as securities?
22.5.2023
Bored Apes look a lot like baseball cards. But regulators — particularly at the Securities and Exchange Commission — are making a strained case to the contrary
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest
19.5.2023
Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam....
Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges...
UK panel recommends crypto trading be regulated like gambling
17.5.2023
In February, the UK Government proposed regulating cryptocurrency like a traditional financial instrument. However, the Treasury Select Committee has recommended otherwise. The Committee strongly believes that treating investments in retail trading of cryptocurrency is nothing like gambling. What...
Crypto retail trading should be regulated as gambling: UK lawmakers
17.5.2023
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed
Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens
4.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in...
Binance to re-enter Japan via acquired regulated exchange SEBC
28.4.2023
Although there was no official date mentioned for the launch of Binance Japan, the notice mentioned that the exchange could start after June
Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated
26.4.2023
At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology
Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues
21.4.2023
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust...