The central banks of Israel, Norway, and Sweden have collaborated to develop a cross-border payment platform project that explores the potential of central bank digital currencies (CBDCs) for international retail and remittance payments. The Bank for International Settlements (BIS) has also joined the project to explore the potential of CBDCs for international payments. The Bank […]
Category Archives: Compliance
Bit Mining, Compliance, Cryptocurrency, Global Market, Latest Headlines
Bybit Introduces Mastercard-Powered Debit Card
17
Mar
Mar
Cryptocurrency exchange Bybit has launched a Mastercard-powered debit card that allows users to pay for goods and services with their cryptocurrency holdings. The announcement comes shortly after the exchange halted U.S. dollar bank transfers due to “service outages” by one of its processing partners. Here is a step-by-step process of how the Bybit debit card […]
Compliance, Cryptocurrency, Latest Headlines, Regulation
If Wyoming Governor Mark Gordon signs a bill, Wyoming will be the first state in the nation with its own digital coin.
17
Mar
Mar
If Wyoming Governor Mark Gordon signs a bill, Wyoming will be the first state in the nation with its own digital coin. Summary The Governor of Wyoming, Mark Gordon, is expected to sign a bill to make Wyoming the first state in the nation to have its own digital currency. This bill will create a […]
Compliance, Cryptocurrency, Global Market, Securities
World’s largest cryptocurrency exchange suspending U.S. dollar deposits
14
Feb
Feb
Binance, one of the world‘s largest cryptocurrency exchanges, will be suspending U.S. dollar deposits this week. The exchange made the announcement on February 6th, citing “regulatory uncertainty“ as the reason for the move. Binance has been actively preparing for the change, and will no longer accept deposits of U.S. dollars on February 8th. Customers who […]
Compliance, Cryptocurrency, Latest Headlines, SEC, Securities
The SEC is conducting an investigation into brokers.
14
Feb
Feb
The SEC is conducting an investigation into brokers who are offering crypto investments to their clients. The investigation is focused on whether the brokers are providing adequate disclosure about the risks associated with investing in cryptocurrency. The SEC is also looking into whether the brokers are properly registered to offer such investments. The investigation is […]
14
Feb
Feb
SEC Commissioner Hester Peirce has criticized the agency‘s recent decision to crack down on the cryptocurrency exchange Kraken. Peirce referred to the decision as paternalistic and lazy, arguing that the agency should have instead taken a less aggressive stance and worked with Kraken to find a solution. She argued that the SEC should not be […]
Compliance, Cryptocurrency, Latest Headlines, Regulation, SEC
Crypto Warning: Regulatory Onslaught Is Just Beginning says former SEC Official.
18
Jan
Jan
Cryptocurrency has been gaining mainstream acceptance in recent years, but the regulatory environment surrounding it is still uncertain. In an article published by Bitcoin.com, former Securities and Exchange Commission (SEC) officials warn that a “regulatory onslaught” is just beginning for the crypto industry. The SEC is the primary regulator for securities in the United States, […]
Compliance, Latest Headlines, SEC
Social media influencers used Twitter and Discord to manipulate stocks
22
Dec
Dec
The Securities and Exchange Commission has charged seven social media influencers with securities fraud, saying Wednesday that they were part of a $100 million scheme to use social media platforms Twitter and Discord, as well as podcasts, to manipulate the price of specific stocks. Though the influencers are not household names, they have accrued more […]
Compliance, Cryptocurrency, Global Market, Latest Headlines
Crypto market liquidity dries up following Alameda and FTX collapse
22
Nov
Nov
The crypto market has experienced a liquidity dry-up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko. The firms, founded by disgraced former billionaire Sam Bankman-Fried, were key market participants until they filed for bankruptcy protection earlier this month. This has created […]
Compliance, Global Market, Latest Headlines, Securities, Stablecoins
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
22
Nov
Nov
This week saw continued FTX fallout week as many crypto companies confessed the extent of their exposure to the collapsed empire. In week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in […]
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