Banks should be able to issue stablecoins without specific approval, Sullcrom memo argues

US federal regulators should not bar banks from issuing stablecoins, according to a white paper prepared by Sullivan & Cromwell, which argues banks already have all the statutory authority they need in …

New ESMA passporting proposals target aggressive marketing

The European Securities and Markets Authority has proposed new standards for cross-border passporting, after national regulators complained of “aggressive” marketing activities in their jurisdictions from investment firms located elsewhere in the EU …

FTX failure bolsters “same risk, same regulation” argument, UK regulator says

The Bank of England’s deputy governor for financial stability Jon Cunliffe has spoken out about how the collapse of crypto exchange FTX will impact the UK’s plans for crypto regulation – while …

From Lexology
The ESAs launch a "Call for Evidence" on Greenwashing practices in Europe

Concurrently to the growth of ESG-focused investments and sustainability disclosure regulations in the European market, the risk of greenwashing…

Banking Regulators Testify on Economic and Regulatory Developments

In separate hearings (see here and here), the Senate Banking Committee and the House Financial Services Committee heard testimony on economic and…

Singapore High Court recognises NFTs as a form of property

On 21 October 2022, the Singapore High Court published the grounds for its decision in Janesh s/o Rajkumar v Unknown Person (“CHEFPIERRE”) [2002]…

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