Topic: Blockchain

“Regulation that is fit for purpose”: Coinbase calls for dedicated crypto regulator

Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.

18 October 2021

“Regulatory underlaps”: FSB stablecoin report warns of fragmentation

The Financial Stability Board has warned that stablecoin regulation is becoming too fragmented as countries take divergent approaches, which is creating “underlaps” of oversight.

11 October 2021

Singapore’s MAS grants first crypto licences

Singapore’s regulator has granted crypto licences - among the first in the country - to south-east Asia’s largest bank and an Australian digital asset exchange, as Binance confirms it will halt most of its Singaporean operations.

04 October 2021

China’s central bank bans crypto - again

The People’s Bank of China has banned cryptocurrency mining and transactions nationwide, in its third move to stamp out the virtual currencies this year.

27 September 2021

Big Tech sceptic tapped for Comptroller

After months of deliberation, US President Joe Biden has nominated a Comptroller of the Currency in former Davis Polk & Wardwell attorney Saule Omarova, who would be the first woman and person of colour to permanently fill the role.

24 September 2021

South Korea to establish independent crypto supervisor

South Korea is set to form a cryptocurrency supervising body, as Brazil’s central bank announces plans for a national cryptocurrency framework.

31 August 2021

Circle sets sights on federal charter

US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.

11 August 2021

Basel urges strict “cliff edge” two-tier cryptoasset regulation

Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.

14 June 2021

Stablecoins must be regulated like banks, Bank of England says

Stablecoins must be heavily regulated – including potentially authorised as banks – the Bank of England has recommended, as it continues to explore potential for central bank digital currencies.

09 June 2021

FCA extends crypto registration deadline amid money laundering concerns

The UK’s Financial Conduct Authority has extended the temporary registration deadline for cryptoasset businesses, after the majority of applicants failed to meet anti-money laundering standards.

04 June 2021

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