Cryptocurrency Analysis and News Portal
“Financial distress at one ART [asset-referenced token] or EMT [e-money token] issuer can materially increase the likelihood of distress at other issuers of crypto-assets or at other financial institutions given the network of contractual obligations in which issuers operate,” said the document, seen by CryptoX, referring to the two categories
Read More
The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country's anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the "Treasury and Parliament bring those activities under our regulation," the regulator said in its
Read More
If they communicate financial promotions without approval of an authorized person, they are likely to be "communicating an illegal financial promotion," the FCA said. Influencers who fall within the scope of the FCA rules would need to make sure that their promotions are fair and not misleading. Source
Read More
In advance of required regulations that are expected in a year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily follow certain "guiding principles" on risk management and consumer protection.The European Banking Authority (EBA) released its first set of measures on Wednesday, July 12, for public comment
Read More
Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.In its recent court filing, Bittrex argues that the SEC does not possess the necessary authority to regulate
Read More
Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.On June 12, Ohio Rep. Warren Davidson introduced the SEC Stabilization Act with
Read More
"While it appears that e-HKD might not have an imminent role to play in the current retail payment market, we believe prospective use cases for e-HKD can emerge quickly out of the rapid evolution, or even revolution, in the digital economy," the report HKMA's report said. Source
Read More
The market study may be the first of its kind to examine Web3 competition dynamics. Original Source
Read More
Securing this recent license will allow Crypto.com to offer DPT services to a wide range of customers in Singapore. In a major development, Crypto.com announced that it has secured the license of a Major Payment Institution (MPI) from the Monetary Authority of Singapore (MAS) for offering Digital Payment Token (DPT) services
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Read More