AFME Cautions UK FCA on Stablecoin Regulations, Securities
February 6 remains the comment deadline on the UK Financial Conduct Authority (FCA) discussion paper relating to stablecoin regulation and custody. The Association for Financial Markets in Europe (AFME) provided the FCA with its comments on schedule. The initial deadline for responses to the discussion papers concerning regulating stablecoins in the United Kingdom was February 6. […]
Vast Bank Exits Crypto, Shuts Down Banking App
To exit the cryptocurrency industry, Vast Bank, which claimed to be the first bank in the United States to permit customers to buy, sell, and retain cryptocurrencies “alongside a traditional checking account,” has discontinued its mobile crypto banking app. Vast Bank stated in its website’s Frequently Asked Questions (FAQ) section that American Banker was the […]
Cboe Exchange Pulls Out of Spot Bitcoin ETF Application Race
The Cboe BZX Exchange has withdrawn its application to the United States Securities and Exchange Commission for a Global X’s spot Bitcoin exchange-traded fund (ETF). The SEC declared on January 30 that Cboe BZX had withdrawn its initial August 2023 application to list and trade shares of the Global X Bitcoin Trust. The commission granted […]
Former Bitmain CEO Jihan Wu To Take Over as Bitdeer CEO in March
Former Bitmain CEO Jihan Wu will assume the CEO role at cryptocurrency mining firm Bitdeer starting on March 1, 2023. Bitdeer announced on January 29 that, effective March 1, Wu would transition from chair of the firm’s board of directors to chief executive officer. Following his 2013 co-foundation with Micree Zhan at mining chip manufacturer […]
U.S. Lawmakers to Criminalize Deepfake Images Creation
Legislators in the United States are compelling action to criminalize the creation of deepfake images in response to the extensive dissemination of explicit dummy photographs featuring Taylor Swift on multiple social media platforms, including X and Telegram. Representative Joe Morelle of the United States vehemently condemned the distribution of the images in a social media […]