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Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
11.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._______...
Read More: Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
US crypto regulation bill aims to bring greater clarity to DAOs
11.7.2022
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs
‘Robust’ Regulations Needed in Crypto & Stablecoin Sector, Says G20 Advisory Body Ahead of Its Report in October
11.7.2022
One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector.
In a press release from the Financial Stability Board (FSB), which...
Crypto needs regulation to mitigate risks, says Bank of England exec
11.7.2022
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted
Binance Gets VASP License From the Bank of Spain
11.7.2022
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of...
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says
10.7.2022
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial...
Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’
10.7.2022
Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.”...
US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order
10.7.2022
The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in March. U.S. Treasury Secretary Delivers Crypto Framework to Biden The U.S. Department of the Treasury...
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country
9.7.2022
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance
9.7.2022
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC...
Stop Your Crypto Operations in Russia, Washington Tells Japanese Exchanges & Miners
9.7.2022
Washington wants Japanese regulators to convince domestic crypto exchanges and miners to cut all ties with Russia, per a new report.
The Financial Times claimed that American “diplomats” believe “several” Japanese crypto exchanges are “still running in Russia,” according to unnamed “people close...
Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin
8.7.2022
Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen
US diplomats call on Japan's crypto exchanges to cut ties to Russia: Report
8.7.2022
The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment
Hong Kong securities regulator CEO to lead UK financial watchdog
8.7.2022
Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition."
Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
8.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users
8.7.2022
2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition,...
US Treasury Develops Framework For Path Towards International Crypto Regulations
8.7.2022
While the US authorities are intensifying work on developing crypto regulations, the country’s Department of Treasury has presented to President Joe Biden a framework to facilitate international cooperation on introducing such regulations and standards at the international level.
This is arguably...
Proposal to Set Up Russian Crypto Exchange Circulated in Moscow
8.7.2022
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian...
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report
8.7.2022
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). U.S. and South Korea to Share Data on Crypto Investigations...