Bank of Canada emphasizes need for stablecoin regulation
A note by Central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets, stablecoin. On December 19, Bank of Canada employees published an analytical note on fiat-referenced crypto assets, also known as stablecoins. The note included an overview of the processes for producing and dispersing stablecoin, a list of […]
Silvergate faces class-action lawsuit over FTX, Alameda dealings
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts. Concerning funds held by troubled cryptocurrency firms FTX and Alameda Research, a class action complaint was filed at the California Southern District Court against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. […]
U.S DOJ divided over charging Binance for alleged crypto crimes
Binance has faced compliance warnings from many countries, but it managed to overcome those shortcomings in most nations barring the U.S. The investigation of cryptocurrency exchange Binance by the US Department of Justice (DOJ), which began in 2018, is almost over. According to a Reuters story, US prosecutors disagree over whether the accumulated evidence is […]
Hong Kong working on investor protection regulations
Hong Kong central bank executive is optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts. Global governors of central banks are currently meeting in Thailand to examine the function of central banks in the context of developing financial technology. The Bank of Thailand (BOT) and the Bank for […]
New York proposes to charge crypto companies for regulating them
The New York State Department of Financial Services (DFS) has submitted a proposed change that would allow it charge licensed crypto companies. The proposal is led by DFS Superintendent Adrienne Harris, who is looking for public feedback on the move as the regulator looks to gain further oversight controls. While it might sound like a […]