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Crypto firms needs to be 'supervisable', says ECB board member
5.4.2023
"We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world," said Elizabeth McCaul
ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation
5.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have...
Ron Paul on the Fall of the US Dollar as Reserve Currency: ‘It’s Always Longer Than Some Predictions’
4.4.2023
Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some...
Report: South Korean National Assembly to Pass Digital Asset Law in April
31.3.2023
After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee’s first subcommittee, said the prospects of this happening were bolstered...
Former White House Senior Advisor David Plouffe Joins Alchemy Pay Advisory Board
21.3.2023
Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and government relations. Alchemy Pay, Singapore based pioneer...
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
19.3.2023
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban...
Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure
13.3.2023
Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong...
IMF Board Offers Guidance for Developing Effective Crypto Policies
25.2.2023
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing...
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry
18.2.2023
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed...
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
18.2.2023
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director...
GBBC Digital Finance joins international securities organization as an affiliate member
16.2.2023
GBBC Digital Finance is now one of over 200 affiliated members of the International Organization of Securities Commissions, which also includes 35 national regulators
Crypto Industry Body GBBC Joins Securities Regulator Group IOSCO as Affiliate Member
16.2.2023
GBBC Digital Finance's goal is to engage regulators to inform how policy will be developed by the world's major regulatory bodies
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
Layer1 CEO alleges co-founder is using majority power to 'ransack' company
7.2.2023
The plaintiffs claim the Dolic and Ebel began to conduct unauthorized business activities when the corporate governance of its parent company, Enigma, collapsed
Crypto Bank Custodia Denied Membership in US Federal Reserve System
29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...
US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities
28.1.2023
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from...
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
27.1.2023
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...
Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill
26.1.2023
The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that governs the use of cryptocurrencies. According to an official document issued by the CAR cabinet,...
ECB executive board member outlines plans for digital euro to European Parliament
23.1.2023
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
21.1.2023
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying...