Search

Nalezeno "Financial": 4952

Blockchain will save financial institutions $10B by 2030: Ripple

30.7.2023
Among the 300 payment leaders surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years

US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto

30.7.2023
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill....

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...

US Lawmakers Advance ‘FIT for the 21st Century Act’ to Establish Crypto Framework

29.7.2023
U.S. lawmakers have advanced the Financial Innovation and Technology (FIT) for the 21st Century Act that establishes a regulatory framework for the crypto market. “Our bill establishes clear principles to ensure financial security and certainty as digital asset developers continue to innovate,”...

South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

28.7.2023
The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities. At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and that...

Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more

28.7.2023
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’

28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...

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...

U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

28.7.2023
House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for...

Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...

Crypto Bill Advances Out of House Agriculture Committee

27.7.2023
The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did

Unblocking Crypto: How to Access The Asset Class

27.7.2023
Since many options are available for digital asset investment and we see more digital asset investment vehicles, now is a great time to start. Understanding the choices available for will help clients of advisors plan how to support them

Bulls make money, bears make money, pigs get slaughtered

27.7.2023
Bullish investors profit from rising markets, bearish investors profit from falling markets, while "pigs," often suffer losses in risky conditions

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

27.7.2023
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure

Russia to Launch Digital Ruble Transactions With Real Users in August

27.7.2023
Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated legislation for the introduction of its new digital...

US House Financial Services Committee Approves First Crypto Regulatory Framework Bill

27.7.2023
A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies. The House Financial Services Committee approved a Republican-led bill in a 35-15 vote, with support from some Democrats including Jim Himes of Connecticut and Ritchie Torres of...

Robert Kennedy Jr Reveals BTC Investment for His Children, Insists Bitcoin ‘Threatens the Monopoly on Money’

27.7.2023
During a Twitter Spaces event on Wednesday, Robert F. Kennedy Jr., a Democratic U.S. presidential contender, revealed that he acquired 14 bitcoin for his children. This announcement comes on the heels of financial documents filed on June 30, 2023, which indicated his ownership of the leading...