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Nalezeno "standards": 336

FASB Approves New Accounting Standards for Crypto Holdings

7.9.2023
The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings. The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules...

BRICS Invites 6 Countries to Join, Including Saudi Arabia, UAE, Iran

25.8.2023
The BRICS economic bloc has invited six countries to become new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS leaders wrapped up their 15th annual summit on Thursday. “We have reached agreement on the guiding principles, standards, criteria,...

Sam Bankman-Fried Claims He Relied on Legal Advice in FTX Scandal

24.8.2023
Lawyers for Sam Bankman-Fried claim the FTX founder, who has fallen from grace, based his business decisions on legal advice from company attorneys before the cryptocurrency exchange’s downfall. FTX Founder Bankman-Fried Claims Actions Were Based on Legal Advice, Denies Fraudulent Intent In...

G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules

7.8.2023
The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s...

Double Standards in Finance: SBF’s Legal Troubles Spark Concerns

29.7.2023
Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces some serious accusations like misusing customer...

Canadian Regulator Proposes Changes to Its ‘Capital and Liquidity Approach to Crypto-Assets’

28.7.2023
The regulator of financial institutions in Canada said on July 26 that it had started the process of gathering the public’s view on proposals to change its “capital and liquidity approach to crypto-assets.” The draft guidelines are a response to the Basel Committee on Banking...

G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks

17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...

QED: A Zk-Native Blockchain Capable of Serving Millions of Concurrent Users

17.7.2023
PRESS RELEASE. July 17th, 2023, Hong Kong. Startup Open Asset Standards has recently announced QED, the world’s first ZK 2.0 blockchain protocol. Unlike existing zero knowledge blockchain protocols, QED has a novel state model which is horizontally scalable, meaning it is no longer limited...

European regulator releases consultative paper on MiCA standards for crypto asset service providers

12.7.2023
The European Securities and Markets Authority will release three consultations as it fulfills its mandate under MiCA regulations

Former CFTC Chair: Crypto Regulations Must Not Wait for Litigation, Standards Needed Today

12.7.2023
A crackdown on the crypto industry in the US should not wait for litigation in courts to conclude, but instead move forward with temporary restraints while the courts do their work, a former regulator has said. Speaking with CNBC on Monday, Timothy Massad, former chairman of the Commodity Futures...

European Banking Authority calls for early adoption of stablecoin standards

12.7.2023
EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented

EU’s Metaverse Vision Focuses on Standards, Governance and Funding

11.7.2023
The EU isn’t proposing new laws but could spend hundreds of millions on research into virtual worlds

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....

Insiders Say SEC Deems Blackrock’s Spot Bitcoin ETF and Other Applications as Inadequate

30.6.2023
According to a report citing “people familiar with the matter,” the U.S. Securities and Exchange Commission has allegedly informed Nasdaq and Cboe that Blackrock’s registration for a bitcoin exchange-traded fund (ETF) and the multitude of other spot bitcoin ETF applications currently...

European Banks to Disclose Exposure to Crypto Assets

29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...

Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’

25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...

Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’

22.6.2023
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial...