Topic: Cryptocurrency

SEC officials rue missed opportunity for crypto clarity following Coinschedule fine

The US Securities and Exchange Commission has fined the operator of a former initial coin offering platform, prompting criticism from its two Republican commissioners that it has missed an opportunity to provide clarity over which digital assets count as securities.

15 July 2021

If it walks like a bank…

In the last year, the banking sector has weathered the covid-19 crisis, but the demises of non-banks Archegos, Greensill and Wirecard have raised questions about the distinctions between bank and non-bank regulation. As fintechs continue to innovate, and alternative lenders offer an increasingly wide range of services, do regulators need to widen their perimeter?

14 July 2021

Binance hires California’s top regulator, as FinCEN creates digital currency post

Crypto-asset exchange Binance has hired the former head of California’s financial regulator, while the US Treasury’s Financial Crimes Enforcement Network has created a new post to advise on digital currency issues.

08 July 2021

BaFin grants first crypto licence, with Eversheds advising

Germany’s banking regulator has granted crypto exchange Coinbase a licence to store and administer crypto assets, the first of its kind since new legislation was passed last year.

01 July 2021

CBDCs get BIS seal of approval

The Bank for International Settlements has backed two-tier central bank digital currencies, with its head of research calling them “a concept whose time has come”.

24 June 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

Stop citing our old anti-crypto order, RBI warns India's banks

India’s central bank has told the country’s lenders to stop citing its own now-obsolete order that banned banks from offering their services to cryptocurrency exchanges and customers.

02 June 2021

Brazil to develop digital currency plans

Brazil’s central bank has released guidelines for a digital real, promising further change to the country’s payments landscape after its approval of WhatsApp Pay and the introduction of a local digitised payments system.

26 May 2021

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