The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy.
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High-ranking crime fighter to join UK’s FCA as payments and digital assets director - News
US Commerce Dept. asks digital asset industry for input on competitiveness framework The federal agency received eight responses to a request for comment on a document mandated by U.S. President Joe Biden’s March 9 executive order on digital assets.
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Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations.
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Tether continues to reduce commercial paper in sharp reduction since March The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.
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NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States.
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'Cryptoqueen' Ruja Ignatova makes FBI's Ten Most Wanted list The Bulgarian-German businesswoman was last spotted in Athens in 2017, and now worth up to $100,000 to provide U.S. law enforcement with information about her.
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NYDIG study calculates the value of regulation worldwide in terms of BTC price gains The crypto-positive financial services company looked at Bitcoin prices at intervals following regulatory events and found clear evidence of the events’ effects.
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Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.
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Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation In an interview with The Financial Times, SEC chair Gary Gensler said he is working on a memorandum of understanding with the agency’s digital asset market co-regulator.
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US Congressional hearing on digital asset regulation focuses on disclosure An agriculture subcommittee heard a CFTC official, a law professor, a Chainalysis cofounder and Charles Hoskinson air their views on regulation and adjacent topics.
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‘Rush of radical rulemakings’ — Hester Peirce criticizes SEC agenda Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday.
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Lummis-Gillibrand crypto bill comprehensive but still creates division The senators introduced new approaches to familiar questions concerning digital assets and decided how to divide regulatory responsibilities.
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BIS compares projects to transfer central bank digital currencies across borders The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.
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Bank of Israel experiments with central bank digital currency smart contracts and privacy The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency.
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Coinbase is facing class-action suits over unstable stablecoins GYEN, USTC The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins.
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Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin Five Republican senators, including “Crypto Senator” Cynthia Lummis, have sent a letter to the SEC regarding its March bulletin, which established broad new requirements for trading platforms.
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Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum.
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US House Ways and Means chairman asks the GAO to check out crypto in retirement plans It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government.
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Atlantic Council looks at how to maintain central bank digital currency cybersecurity The thinktank looked at the interplay of performance, security and privacy in possible CBDC designs and made recommendations for optimizing it.
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NFT ticketing may catch on faster in France after UEFA championship debacle French authorities take note after fake tickets and gatecrashers spoiled the UEFA Champions League final experience for many soccer fans in Paris last month.
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Scientists claim to have designed a fully decentralized stablecoin pegged to electricity The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free.
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Armstrong tweets in public airing of Coinbase’s internal discontent The petition was quickly removed, and the number of signatures was not shown, but its list of objections to the Coinbase status quo got a big reaction from the CEO.
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CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency program The tiny country introduced its digital residency program at the beginning of the year in the hope that it will help to retain the youthful population and attract business and industry.
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Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September The U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
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Information, AML/CFT steps are key to fighting international digital crime, DOJ report says The Justice Department report, mandated by the president’s executive order on digital asset development, recommends more efforts along the lines already being pursued.
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New York state releases guidance for issuing dollar-backed stablecoins 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.
- Analysis
US central bank digital currency commenters divided on benefits, unified in confusion Like a Rorschach ink blot, the Federal Reserve Board’s CBDC discussion paper provided stakeholders with an opportunity to find what they wanted to see in it.
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Chainalysis exec touts blockchain analysis to Senate homeland security committee Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them.
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Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets The comprehensive new bill sorts out regulators and addresses taxes, environmental impact, security and other major questions surrounding digital assets.
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Bad day for Binance with SEC investigation and Reuters exposé The SEC is reportedly suspicious that the world’s biggest crypto exchange sold unlicensed securities in its ICO, and the news agency tallied up some old cases.