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South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
European Central Bank addresses guidance on licensing of digital assets
17.8.2022
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
17.8.2022
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending
Bakkt's Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance
11.8.2022
The firm lowered its yearly net revenue guidance to $57 million- $62 million
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
10.8.2022
U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming...
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
9.8.2022
The miner noted a $29.3 million loss for the fiscal quarter, driven by the reclassification of its energy assets
BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
13.7.2022
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology
International Standard Setters Publish Guidance on Stablecoin Regulations
13.7.2022
The guidelines from the international organization of securities regulators and BIS’ global payments group set out arrangements for systemically important stablecoins
Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO
13.7.2022
The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements.
In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
22.6.2022
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions...
New York state releases guidance for issuing dollar-backed stablecoins
8.6.2022
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type
New York’s Crypto Regulator Publishes Formal Stablecoin Guidance
8.6.2022
NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions
Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful
7.6.2022
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance...
Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance
2.6.2022
It’s the miner’s third consecutive month of bitcoin sales
Germany Issues Crypto Securities Guidance as Deadline Looms
1.6.2022
Coinbase has already received authorization as a crypto custodian, but lawmakers are extending the regulatory net ever wider
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
7.5.2022
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which...
Marathon Digital ‘Cautiously Optimistic’ About Meeting Early-2023 Hashrate Guidance as Delays Continue
4.5.2022
Marathon mined 299 bitcoins in April, a near 31% dip from the previous month, citing weather and maintenance issues
Crypto Funds’ Easy On-Ramp Can Be a Big Problem Without the Right Guidance
28.4.2022
It’s important for financial advisors to do due diligence on investing in crypto funds, and on the funds themselves
Argo Blockchain Shares Jump After Updated Hashrate Guidance
28.4.2022
The shares rose the most since March after the crypto miner said it expects its hashrate to reach 5.5 EH/s by the end of 2022
Bitcoin Miner Argo Raises Hashrate Guidance Thanks to Intel Mining Chips
28.4.2022
The miner now sees 2022 hashrate at 5.5 EH/s from previous guidance of 3.7 EH/s