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Developed markets lagging behind in digital payments: BlackRock CEO

16.3.2023
In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in innovation

FDIC asked Signature buyers to stop all crypto business: Report

16.3.2023
The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank

Founder of Crypto Exchange Bitzlato Denies US Charges

16.3.2023
The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder...

Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal

16.3.2023
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue...

India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions

16.3.2023
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency...

Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White

15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...

Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

15.3.2023
FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers (D&O) insurance

Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

15.3.2023
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure

US lawmaker accuses FDIC of using banking instability to attack crypto

15.3.2023
The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”?

Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin

15.3.2023
A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans...

SVB mixup forces India's SVC Bank to issue a notice of clarification

15.3.2023
The similarity in the short forms of the two banks — SVB and SVC Bank — caused a mixup among a few Indian citizens as they took up the concern with the Mumbai-based bank

Signature Bank and former executives sued by shareholders for alleged fraud

14.3.2023
Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator

NatWest bank puts $6K monthly limit to crypto exchange payments

14.3.2023
NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions

Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report

14.3.2023
Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending...