Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s. In a Jan. 31 note from Moody’s Investor Service, AVP of decentralized finance Cristiano ...
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Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes – Fintech Bitcoin News
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The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial ...
UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod
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Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking regulatory approval to date. The U.K. Financial ...
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
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Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe. Boston Law School professor and chief compliance officer at crypto exchange Bitstamp, ...
Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance – Regulation Bitcoin News
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Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that regulators should provide “ultra clarity ...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance – Regulation Bitcoin News
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An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief ...
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News
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According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of ...
Regulatory Onslaught Is Just Beginning – Regulation Bitcoin News
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The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms. ‘SEC Regulatory ...
Consequences of crypto’s ongoing regulatory process
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The case of LBRY highlights a wave of renewed regulatory pressure that could affect both blockchain token-issuing companies and their investors. In November, an over year-long court battle between the United States Securities and Exchange Commission (SEC) and blockchain development ...
CUBE Expands Regulatory Intelligence Marketing Reach With The Hub Acquisition
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CUBE, a regtech firm specialising in Automated Regulatory Intelligence (ARI) has officially acquired AI-driven monitoring solution provider The Hub. The Hub specifically specialises in supplying AI capabilities to the regtech industry, capturing and analysing unstructured data across the regulatory internet. ...