Lens
Regulation
The Korea Financial Intelligence Unit (KoFIU) has requested investigative authorities to block 16 unregistered foreign-based Virtual Asset Service Providers (VASPs) that reportedly targeted domestic consumers by offering services in Korean. See related article: South Korea’s all-encompassing crypto law is coming — what we know so far Fast facts According to a press release, these unregistered […]
Pradipta Mukherjee
Regulation
European Union (EU) banks with exposure to highly volatile cryptocurrencies like Bitcoin should face higher capital requirements, according to a proposed amendment to a European financial services law. See related article: Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen Fast facts Crypto assets like Bitcoin, which are considered […]
Pradipta Mukherjee
Regulation
Digital FMI Consortium, a group of private-sector companies, plans to examine cross-border payments and make recommendations to the Bank of England using its own sterling-backed coin, dSterling. See related article: Next step for spot Bitcoin ETF in the US may be a courtroom battle Fast facts The consortium announced Project New Era, which will deploy […]
Pradipta Mukherjee
Regulation
The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, may be asking banks to refrain from providing services or extending credit to cryptocurrency companies, Republican Senator Pat Toomey alleged. See related article: New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation […]
Pradipta Mukherjee
DeFi News
The decentralized finance sector is now a fraction of its former self. What will help companies survive this bear market and emerge stronger?
Dario Capodici
Regulation
The U.S Federal Reserve published what it called “final guidelines” for how crypto banks could be granted “master accounts” that are needed to transact directly with the Fed and the broader global banking system. See related article: Federal Reserve to taper bond purchases, prompting concerns over BTC impact Fast facts The Fed referred to these […]
Lachlan Keller
Crypto Trading and Strategies
Nasdaq-listed Eqonex’s decision to shutter its low-fee crypto exchange business to focus on asset management and custodial services may prompt similar moves in the highly commoditized industry.
Pradipta Mukherjee
Altcoins
Singapore-based cryptocurrency lender Hodlnaut has filed an application with the Singapore High Court to be placed under judicial management, which could provide the company “the breathing space to focus our efforts on the recovery plan to rehabilitate the company,” Hodlnaut said on Tuesday. See related article: Crypto lender Hodlnaut halts withdrawals, ends token swap feature […]
Timmy Shen
Regulatory News
Regulatory compliance will be critical to improving crypto's 'Wild West' image and public acceptance, writes Karen Er and Benjamin Bai of Amber Group. Here's why.
Karen Er
Bitcoin News
Something of a sea change? Financial institutions that once turned up their noses at cryptocurrencies are now figuring out ways to get access for their clients.
Lachlan Keller
