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New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023
18.11.2022
USDA would be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem, Emurgo said
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
Kenya to deal with the MSCI-regulated FDI inflow warning
3.11.2022
Kenya is seemingly up against a foreign direct investment (FDI) related dilemma according to the information released by the New York-based Morgan Stanley Capital International (MSCI) Inc.,. For this very reason, the country has come under a watch list. It is now one of all identified markets which...
Costa Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency
28.10.2022
Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able...
UK Lawmakers Vote to Recognize Crypto As Regulated Financial Instruments
25.10.2022
The lower house of the parliament voted in favor of adding crypto assets to the scope of activities to be regulated via the proposed Financial Services and Markets Bill – which already seeks to extend payments rules to stablecoins
UK Seeks to Recognize Crypto as Regulated Industry
21.10.2022
The measure was welcomed by an industry that had complained U.K. rules would be limited to stablecoins, though it may be affected by ongoing political turmoil in the country
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore
12.10.2022
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed:...
Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment
6.10.2022
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle...
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
27.9.2022
Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC)
Regulated fintech in Bahrain enables crypto payments with Binance
22.9.2022
The Central Bank of Bahrain gives the nod to EazyPay, launching crypto payments for more than 5,000 payment gateways in the country
Jamie Dimon Attacks Crypto Tokens as ‘Decentralized Ponzi Scheme’ But He’s Happy With Regulated Stablecoins
22.9.2022
Jamie Dimon, the chairman and CEO of Wall Street investment bank JPMorgan, has taken another swing at cryptocurrencies, with a particular focus on bitcoin (BTC), telling the U.S. Congress that cryptos were “decentralized Ponzi schemes”. At the same time, Dimon said he accepts the added value...
Uruguay Introduces Cryptocurrency Law in Parliament
13.9.2022
A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter,...
Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently
17.8.2022
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer...
Congress Must Decide How Cryptos Should Be Regulated, Former CFTC Commissioner Says
16.8.2022
Dawn Stump joined CoinDesk TV’s “First Mover” to discuss crypto regulation and why Congress may need to step in
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
10.8.2022
The past actions of bad actors has forced the country's regulators to take a tough stance on crypto exchanges
NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says
10.8.2022
In practice a carveout for the ownership tokens may prove narrow, meaning issuers still have to publish lengthy investor white papers
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms
30.7.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. “I’ve asked our staff to work directly with the platforms to get them registered and regulated,” the SEC chief...
'Singapore-based' Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says
19.7.2022
Troubled "Singapore-based" crypto firms like Three Arrows Capital have little to do with local crypto regulations, said Ravi Menon, managing director of the Monetary Authority of Singapore
Australian Central Bank Chief Believes Regulated Private Tokens Could be Better Than CBDCs: Report
18.7.2022
Digital currencies focused on consumers and regulated could be better when privately issued rather than by central banks, according to Australian central bank governor