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SEC has no authority over crypto, argues defendants in $18M fraud lawsuit
23.5.2023
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto
Bank of Russia Expects Significant Growth in Digital Assets Market
20.5.2023
The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a report presenting the progress made by the growing industry and assessing the prospects for its further development. Russia’s Central Bank...
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay
19.5.2023
The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking...
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
19.5.2023
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said
Ripple Starts Platform for Central Banks to Issue Their CBDCs
18.5.2023
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
17.5.2023
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
Crypto community responds to US democrats backing SEC’s crypto authority
16.5.2023
One community member expressed their decision to part ways with the party, arguing that the Democratic Party is playing god with the “future of American innovation.“
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
12.5.2023
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause....
European Banking Authority May Veto Large Stablecoins During MiCA Approval Process
12.5.2023
The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
"Central banks should have the power to veto the widespread...
EU Could Veto Large Stablecoins During MiCA Approval Process, Regulator Signals
11.5.2023
The European Banking Authority doesn’t want private crypto initiatives to threaten monetary policy privileges
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
New York AG's office seeks additional authority over crypto firms
5.5.2023
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
5.5.2023
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat
Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
2.5.2023
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: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois'...
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
1.5.2023
A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
29.4.2023
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures,...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
29.4.2023
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes...
Bermuda Premier David Burt: 'Nobody is Coming to Bermuda to Flee Regulation'
28.4.2023
Five years after the island jurisdiction passed its digital assets regulation, a steady stream of companies is coming to Bermuda to be regulated