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Policy & Regulation
Sep 07, 2023
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
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Sep 07, 2023
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical.
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Sep 07, 2023
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8.
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Sep 07, 2023
Ripple acquires Fortress Trust, expands license portfolio in the US
Fortress holds a Nevada Trust license for asset custody. Ripple holds more than 30 licenses across the United States.
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Sep 07, 2023
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
The CFTC has brought or resolved 10 fraud cases involving digital assets or foreign exchange since June 2023, Commissioner Kristin Johnson said.
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Sep 07, 2023
DeFi enforcement sparks dissenting opinion from CFTC commissioner
The commissioner advocated public and stakeholder engagement through rulemaking, not just enforcement.
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Sep 07, 2023
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in August 2022 and extradited to Turkey in April 2023.
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Sep 07, 2023
Singapore regulatory sandbox lacks qualified crypto payment providers
In its fight against money laundering, Singapore provides operational licenses to crypto businesses that can showcase robust Anti-Money Laundering controls.
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Sep 07, 2023
Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
Block Earner has unveiled a new crypto-backed loan product for the Australian market, amid an ongoing tussle with a federal regulator over its shuttered Earn product.
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Sep 07, 2023
LBRY decides to fight: Blockchain firm files notice of appeal against SEC
Blockchain-based file-sharing and payment network LBRY is planning to pick up the fight against the United States federal regulator again after losing the battle in November last year.
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