Topic: Blockchain

Here’s what practitioners think of the White House’s new crypto framework

The White House has released what it calls the “first-ever comprehensive framework” for digital assets in the United States, but practitioners speaking to GBRR question its claim to that title, calling it late, frustrating, and a patchwork of already-existing practices.

22 September 2022

Abu Dhabi unveils crypto principles

The Abu Dhabi Global Market, Abu Dhabi's financial centre, has announced new principles guiding its approach to virtual asset supervision as it vies with Dubai for the role of the region’s crypto hub.

15 September 2022

White House mulling climate standards for energy-intensive crypto

US president Joe Biden’s administration has urged a closer look at the climate impact of crypto, as Ethereum prepares for a major change to its processes designed to slash its carbon footprint.

12 September 2022

UK Treasury sweeps crypto into sanctions scheme

Crypto exchanges in the UK must now comply with the same strict Russian sanctions requirements as their counterparts in banks, according to updated guidance issued by the UK government.

07 September 2022

Singaporean regulator admits “mixed signals” on crypto, warning it may restrict crypto access

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022

Big Tech marketers could be liable under unfair banking rules, CFPB warns

The United States’ consumer financial watchdog has warned digital marketing companies that they could fall under federal banking law provisions against unfair marketing practices, in a rule practitioners say will have “far-reaching” implications.

15 August 2022

Treat systemically important stablecoins as FMIs, say CPMI and IOSCO

Systemically important stablecoins must observe “all relevant principles” of a universal set of rules that apply to financial market infrastructures, according to a joint report from two global standard-setters, as international regulators respond to the ongoing instability in the crypto market.

13 July 2022

Protect investors to stave off crypto runs, Brainard says

At a Bank of England event, the US Federal Reserve’s vice-chair Lael Brainard has outlined a case for crypto-asset and stablecoin regulation and called for banks to second-guess their crypto involvement.

11 July 2022

EU agrees MiCA framework

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

“Not enthusiastic, to put it mildly”: digital euro plans face public unease

The European Commission’s consultation on a potential digital euro has now closed, but responses show widespread opposition to the suggestion of a European CBDC.

23 June 2022

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