The nine largest US banks restricted financial services to politically contentious industries, including cryptocurrency, between 2020 and 2023, according to the preliminary findings of the Office of the Comptroller of the Currency (OCC). The banking […]
The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks […]
A new framework would allow trading, custody, and approved coins. Banks must follow strict KYC, AML, and CNV regulations. High inflation has pushed people toward Bitcoin and stablecoins. Argentina is preparing for a major shift […]
South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit. The Financial Services Commission (FSC) is […]
Thai market weakness is influencing the company’s shift. The potential fundraising amount is about $200 million. IPO activity in Hong Kong is heading for a four-year high. Bitkub is considering a potential listing in Hong […]
Cryptocurrency markets saw another week of consolidation following last week’s long-awaited market recovery. While Bitcoin (BTC) remained above the key $90,000 psychological level, investor sentiment continued to be dominated by “fear,” with a marginal improvement […]
UK law now formally recognises cryptocurrencies as personal property under new legislation. The Property Digital Assets Act gives courts clearer rules for ownership and asset recovery. Rising crypto adoption pushed the UK to strengthen legal […]
The US Securities and Exchange Commission (SEC) sent warning letters to several exchange-traded fund (ETF) providers, halting applications for leveraged ETFs that offer more than 200% exposure to the underlying asset. ETF issuers Direxion, ProShares, […]
A second FDIC rule on prudential requirements will follow early next year. The FDIC will supervise bank subsidiaries issuing payment stablecoins. Guidance on tokenised deposits is under development. US regulators are moving quickly to build […]
Republican lawmakers on the US House Financial Services Committee and House Oversight Subcommittee have released a final report on what they called “debanking of digital assets,” claiming that the previous administration was responsible for cutting […]
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