2022-8-3 13:35 |
The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins.
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United States Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. The post Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials appeared first on CryptoSlate.
2022-7-15 22:00 | |
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The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.
2022-7-1 21:20 | |
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Crypto lending platform Celsius has hired a legal team to advise on restructuring its business after facing liquidity issues, The Wall Street Journal reported, citing sources with direct knowledge of the matter.
2022-6-16 16:15 | |
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The New York Department of Financial Services (NYDFS) has issued new regulatory guidance for companies that create stablecoins. NYDFS Sets Out Guidance The NYDFS’ guidance sets out three baseline requirements...
2022-6-9 23:51 | |
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The New York Department of Financial Services (NYDFS) has published a formal guidance for stablecoins in the state, laying out strict demands for issuers around asset reserves. The new rules, released on Wednesday, are targeted at licensed crypto firms that issue stablecoins.
2022-6-9 20:34 | |
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The U.K. government has published a paper exploring ways to mitigate the financial stability issues associated with digital payment assets. The development comes after the collapse of UST, previously the...
2022-6-1 16:41 | |
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While both Bitcoin and Ethereum are experiencing issues on market, institutional investors are actively hiring blockchain engineers and developers
2022-5-31 16:19 | |
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BaFin wants to introduce regulations for the DeFi sector in order to prevent protocols from ripping off investors
2022-5-16 19:08 | |
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Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos.
2022-5-9 01:07 | |
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The Australian Financial Compliance Enforcement Agency (AUSTRAC) has announced two new guidelines to make it simpler to identify when crypto is being used for dubious purposes or when a person is being obliged to pay crypto to ransomware perpetrators.
2022-4-22 14:18 | |
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The financial watchdog in the U.K. has declared that all non-registered ATMs must be immediately closed down or be subject to undisclosed additional action.
2022-3-11 14:29 | |
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Romania’s central bank approved Elrond’s (EGLD/USD) acquisition of Capital Financial Services S. A. , which operates under the Twispay brand, Invezz learned from a press release. Twispay is a principal member of Visa and MasterCard Twispay is a financial institution that provides payment services and issues electronic money with the central bank’s permission.
2022-3-10 16:08 | |
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India’s Ministry of Commerce and Industry developed the SLDE platform for transferring documents using blockchain-based security protocols.
2022-1-12 11:53 | |
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One of the most visible victims of the recent bloodbath has been Ethereum's native token. Ether has lost 17.3% of its valuation in just the past week. Regardless of this, institutional proponents haveThe post Will scalability issues let Ethereum touch '50% of the world’s financial transactions' appeared first on AMBCrypto.
2022-1-11 21:30 | |
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One of the biggest financial lessons we’ve learned in 2021 is that cryptocurrency is here to stay. It’s revolutionizing the way we understand the economy, and some of the most prominent entrepreneThe post Nexus ecosystem: Creating real solutions for major industry issues appeared first on AMBCrypto.
2022-1-5 16:45 | |
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Binance, the world’s largest cryptocurrency exchange by trading volume, is still dealing with regulatory issues in 2021. According to a Reuters story, the country’s Financial Crimes Investigation Board has fined Binance’s Turkish affiliate, BN Teknologi, an 8 million lira (about $751,314) penalties (MASAK).
2021-12-27 16:51 | |
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The crypto market cap has moved up to $2,2 trillion after the Fed announced they would double the tapering of bond purchase and interest rates will stay the same for now. Fed’s chairman Jerome Powell held a news conference after the decision was taken where he approached several issues on the United States economy and current concerns for its financial stability.
2021-12-16 02:59 | |
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The hearing, "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States," is the latest from Congress to explore the issues concerning crypto assets.
2021-12-2 23:02 | |
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The Australian Securities and Investment Commission (ASIC) warned citizens against buying ‘undefined financial products. ’ No protection for or compensation for losing money to crypto volatility, ASIC chair warns.
2021-11-25 23:17 | |
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In a speech delivered by Vitalik Buterin on SG Blockchain Day 2021, the Ethereum co-founder addressed core crypto issues and discussed how major cities in the US and the world are adopting cryptocurrency and blockchain tech to simplify financial transactions.
2021-11-21 12:00 | |
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The Accredited Standards Committee X9 Inc. (X9) has published a new standard, “Financial and Personal Data Protection and Breach Notification.” X9.141 is a two-part document...
2021-11-19 15:07 | |
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NFT liquidity protocol Taker raised $3 million through the support of reliable investors to integrate financial primitives into the dynamic market, Invezz learned from a press release. Due to the asset class’ non-fungible structure, existing DeFi primitives are hard to integrate, leading to significant liquidity issues.
2021-9-21 18:10 | |
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The Financial Sector Conduct Authority (FSCA) of South Africa warned the public against the Binance Group on Friday. In the press release, the regulator issued a warning where it asked the public to be cautious and vigilant when dealing with the company as it is “not authorized” to give any financial services, advice, or business […] The post South Africa’s Financial Regulator Issues A Warning Against “Unauthorised Entity” Binance first appeared on BitcoinExchangeGuide.
2021-9-4 18:05 | |
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Getting a loan from a traditional financial institution is getting harder, and loan applications go through intense scrutiny before sanction. In order to obtain a loan, borrowers have to cross many hurdles such as having a good credit history, high civil score, substantial collateral, and many other issues.
2021-8-18 15:38 | |
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Spain’s financial regulator, the National Securities Market Commission (CNMV), has issued a warning notice against 12 companies that include cryptocurrency exchanges Bybit and Huobi. According to the notice, the warning has been given because these institutions are not registered in the corresponding registry of this Commission, and as such, they are not authorized to provide […] The post Spain’s Watchdog Issues a Notice Against Crypto Exchanges Bybit and Huobi for Unauthorized Operation first appeared on BitcoinExchangeGuide.
2021-8-17 17:36 | |
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As Bitcoin gains momentum around the world, financial regulators step up their game to try and save the crumbling financial system.
2021-8-5 23:41 | |
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Crypto lender BlockFi has received another warning, and this time it’s from Kentucky. The cryptocurrency trading and financial services provider received an order from the Division of Securities of the Kentucky Department of Financial Institutions (KDFI) on Friday regarding the state's BlockFi Interest Account (BIA) operations.
2021-8-1 16:45 | |
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Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc.
2021-7-20 01:39 | |
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Clear Junction, one of Binance’s key payments partners in Europe has cut ties with the embattled cryptocurrency exchange. The suspension marks the latest prohibition on customers moving funds on Binance from traditional banks and other types of financial accounts.
2021-7-13 13:55 | |
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The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said.
2021-7-8 12:42 | |
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While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally.
2021-7-5 15:30 | |
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The Monetary Authority of Singapore (MAS) has launched a Global CBDC Challenge that would see global financial institutions, financial technology companies, and others submit solutions around peculiar issues surrounding retail central bank digital currencies (CBDCs).
2021-6-29 08:00 | |
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Binance was once again flagged for offering services without authorization. This time it was the UK Financial Conduct Authority stating that Binance Markets Limited was ‘not permitted to undertake aThe post UK Financial Services Regulator issues warning about Binance appeared first on AMBCrypto.
2021-6-27 12:00 | |
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Finanstilsynet, Norway’s financial regulator has warned investors to be wary of the risks associated with crypto investments. The warning comes as cryptocurrency prices continue to decline with Bitcoin sipping below $30,000 for the first time in six months.
2021-6-23 13:01 | |
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The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with them,” an IMF spokesperson cautioned.
2021-6-11 03:30 | |
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Less than a week since El Salvador’s “Ley Bitcoin” has been approved by its national congress and the international financial organism is reacting. The International Monetary Fund (IMF) has expressed “economic and legal” concerns over the nation’s new pro-BTC legislation.
2021-6-11 22:09 | |
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In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public offering where tokenized digital securities […]
2021-6-1 08:09 | |
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Gensler Calls Out Crypto In written testimony before the Subcommittee on Financial Services, newly appointed SEC Chair Gary Gensler touched on several issues bothering the regulatory agency. Zooming in on critical areas like fintech and private funds, Gensler lent his voice to the much-talked-about cryptocurrency market.
2021-5-27 19:46 | |
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Cryptocurrencies have become a hot topic when it comes to investments. Even the institutional space has taken notice of the emerging asset class, and as such, demand has been soaring. The Spanish financial regulator is the latest to make a move in this regard and has given the green light to institutional investors, permitting themRead More
2021-5-18 15:00 | |
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The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions.
2021-5-18 06:30 | |
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Blockchain technology never ceases to amaze. With new functionalities being discovered by the day, Weentar is no exception. Weentar is a blockchain social media platform that plans to be the solution for all the financial issues of young artists.
2021-5-14 18:00 | |
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Alesia Haas, chief financial officer at Coinbase, appeared on CNBC’s Mad Money last night to discuss a range of issues with host Jim Cramer. The post ‘We Like Partnering With Regulators,’ Says Coinbase CFO appeared first on BeInCrypto.
2021-5-14 15:29 | |
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A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world.
2021-5-9 16:12 | |
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Bitcoin’s rallies have brought the crypto industry to the fore of financial services, but it has also presented environmental issues. Bitcoin mining has shot up due to increased demand for the world’s oldest cryptocurrency.
2021-5-5 21:39 | |
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Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.
2021-4-28 09:30 | |
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User experience has been a longstanding problem in cryptocurrency. Early adopters have accepted many issues that just don’t exist in traditional financial markets, including friction with onboarding, slow block confirmation times, and exchange outages.
2021-4-21 20:08 | |
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JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]
2021-4-8 04:30 | |
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For the crypto finance world, it’s not all roses, as it has been battling its share of problems. From lengthy KYC processes to increased vulnerability to attacks to liquidity issues and many other limitations, the industry is awaiting its knight in shining armor.
2021-4-7 15:00 | |
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Japanese financial conglomerate Sumitomo Mitsui Trust Bank, one of the biggest banks in Asia, has issued a security token to investors in the first-such move of its kind, as per a release yesterday by security tokens issuer and technology firm Securitize.
2021-3-30 16:00 | |
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According to South Korean local media outlet YNA, a Montenegro court has again approved the extradition of the embattled Terraform Labs co-founder Do Kwon. This development occurred less than a week after the Supreme Court of Montenegro invalidated a ruling recommending Kwon’s extradition to South Korea.
Another twist in the extradition saga of Terraform Labs founder Do Kwon revealed that the forgery convict will not return to his native South Korea just yet.
A US court has found Terraform Labs PTE Ltd. and its founder Do Kwon liable for defrauding investors in a multi-billion dollar crypto asset securities case.
Andre Cronje warns that while "things are going great now" such a momentum in the crypto space would eventually turn.
