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
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
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
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
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
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 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
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
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’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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