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‘Prohibitive’ Global Crypto Capital Norms Could ‘Derail’ Market, TradFi Groups Say
4.10.2022
Banks want to see caps on bitcoin holdings increased fivefold under planned global standards
EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers
4.10.2022
The European Securities and Markets Authority is worried about consumer rip-offs, as well as novel risks like hacks and consensus manipulation
Court Rules CFTC Legally Served Ooki DAO Through Help Bot
4.10.2022
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC's case against Ooki DAO
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
3.10.2022
The top U.S. financial regulators are warning of dangerous holes in the oversight of crypto and are asking Congress for more powers, including settling which agency will oversee the bulk of trading in bitcoins and other non-security tokens
Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says
3.10.2022
The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday
UK Shuts Down Temporary Crypto Company Licensing Program
3.10.2022
The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
3.10.2022
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to...
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
3.10.2022
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July
Kenyan Central Bank Raises Key Rate by 75 Basis Points
2.10.2022
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on...
Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says
30.9.2022
The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature
CFTC Charges Digitex Founder Adam Todd With Running Illegal Crypto Derivatives Trading Platform
30.9.2022
Adam Todd, the founder of crypto futures and spot market exchange Digitex, has been charged by the Commodity Futures Trading Commission (CFTC) for multiple violations of the Commodity Exchange Act (CEA)
La tenencia de criptomonedas de los bancos podría ser solo el 0,01% de la exposición total de riesgo, según estudio
30.9.2022
El primer estudio de este tipo podría tener influencia en las normas globales más importantes sobre el capital bancario para las criptomonedas
SEC Accuses 2 Firms of Crypto Pump-and-Dump Scheme
30.9.2022
The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it
Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says
30.9.2022
Planned capital requirements for bitcoin could make it harder to curb risks and undermine financial reforms, the industry group is to tell the Basel Committee on Banking Supervision
Uzbekistan Introduces Monthly Fees for Crypto Companies Effective Immediately
30.9.2022
The new regulations also require crypto custody platforms, mining pools and individual miners to pay monthly fees to the government
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto
Twitch to Share an Update on Its Streaming Policy
30.9.2022
Twitch, an interactive live streaming service, has imposed a ban on selective streaming websites for exposing its community to potential harm. The ban was imposed on September 21, 2022, and the policy update will be released on October 18, 2022. Sharing referral codes and links is now prohibited....
Binance Registers in New Zealand and Opens Local Office
30.9.2022
Cryptocurrency exchange Binance has registered as a financial service provider in New Zealand and launched Binance New Zealand. The development comes after similar recent moves toward global expansion in France, Italy, and Spain, among others
California Moves Forward to Allow Vital Records to be Issued on Blockchain
29.9.2022
Californians will have the option of a blockchain-based delivery of their vital records after a new law was approved establishing the technology as an integral part of state recordkeeping
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
29.9.2022
Texas state agencies are raising an objection to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing