Regulation
Stablecoins could pose risks to global financial system, Chinese central bank official says
Warning comes as Beijing ramps up efforts to internationalize China's currency through launch of digital yuan.
Timmy Shen
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Archived coverage · Forkast crypto archive
Regulation
Warning comes as Beijing ramps up efforts to internationalize China's currency through launch of digital yuan.
Timmy Shen
Regulation
The Bank of Jamaica’s much-anticipated central bank digital currency will launch next month, according to a report by the Jamaica Observer. Fast facts Previously due to launch in May, the CBDC will initially be implemented through the National Commercial Bank — the biggest financial institution in the country — before being expanded to other banks […]
Lachlan Keller
Regulation
Israel’s National Bureau for Counter Terror Financing has issued a seizure order against 84 cryptocurrency addresses associated with Palestinian resistance group Hamas as it looks to confiscate holdings of Bitcoin, Tether, Dogecoin and other cryptos. Fast facts “This action comes after a sizable uptick in cryptocurrency donations to Hamas in May following increased fighting between […]
Michelle Lim
Regulation
An Argentine lawmaker presented a bill this week to allow employees and those exporting services abroad to be paid in cryptocurrency, Yahoo News reports. Fast facts Congressman José Luis Ramón said that he presented this bill to allow Argentina’s people — whose local currency, the peso, currently suffers from roughly 50% inflation a year — […]
Lachlan Keller
Regulation
Top blockchain and crypto news: Ethereum upgrade, torque of the town. SEC in snafu over Bitcoin ETFs. Crypto miners flourish amid China fallout.
Forkast.News
Regulation
Iran has continued a suspension of cryptocurrency mining, with Vice President Eshaq Jahangiri urging all licensed miners to stop operating as the country continues to suffer power outages, according to a report by U.Today that cited a Farsi-language tweet by the Tasnim News Agency. Fast facts Jahangiri said the ongoing electricity supply problems could last […]
Timmy Shen
Regulation
China’s central bank has reiterated its ban on cryptocurrency trading and yesterday said it had ordered a company in Beijing suspected of offering software services for crypto trading to shut down as part of an ongoing nationwide crackdown on the crypto industry. Fast facts A Beijing office of the People’s Bank of China and a […]
Timmy Shen
Regulation
The chief of South Korea’s main finance sector regulator has spoken out again against banks that have requested exemptions from anti-money laundering compliance rules in their contracts with cryptocurrency exchanges. Fast facts Eun Sung-soo, the chairman of the Financial Services Commission said yesterday: “Banks should use their own judgement to make decisions and apply for […]
Danny Park
Regulation
Facing an onslaught of regulatory scrutiny, Binance CEO calls crypto regulations ‘positive sign' of a maturing industry and announces new hires in compliance.
Michelle Lim
Regulation
Eddie Yue, CEO of Hong Kong Monetary Authority lays out the future of the territory’s digital currency at a Hong Kong Academy of Finance event.
Michelle Lim