Cryptocurrency Analysis and News Portal
The move announced Tuesday doesn’t change any rules for crypto banking, just defines how the central bank intends to handle its oversight, putting dealings with the crypto sector under the new “novel activities supervision program” in which the Fed’s specialized experts in digital assets will work alongside the regulator’s regular
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Back then, most central banks, including the Fed, were pumping record amounts of money into the system through zero interest rate policy and unlimited bond buying to help the global economy absorb the shock from the coronavirus pandemic. They are unlikely to revert to the ultra-easy policy in the near
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James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry. Original Source
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Cetif Advisory, a consultancy spinoff of the Università Cattolica del Sacro Cuore of Milan’s Cetif Research Centre, will lead the platform’s development, coordinating the efforts of Polygon Labs, Fireblocks, tech developer Reply, legal and tax consultant Linklaters and web3 studio DVRS. Source
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Concern at banks sharing personal information with media ICO writes to banks around information held on customers ‘Farage’s experience shows why data protection rights are so important’ Following media reports of NatWest Bank sharing personal financial information about Nigel Farage with
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Several private banks in South Korea are studying the potential of tokenized deposit technology, an alternative to both private stablecoins and central bank digital currencies (CBDCs). According to a report from Maeli Business News Korea, Hana Bank and Woori Bank — both private enterprises with headquarters in Seoul — showed interest
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The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits. According to Binance, the “current market environment and regulatory climate” have caused a
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The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views. A July 20 report from The Times said the United Kingdom’s government is considering tighter conditions on banking permits that would seek to
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A new bill from Sen. Jack Reed would impose strict requirements on DeFi protocols under the guise of national security. Source
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Stu Alderoty, the chief legal officer for Ripple Labs, has reportedly said United States-based banks may turn to XRP for cross-border transactions following a recent court ruling.According to a July 17 CNBC report, Alderoty expressed confidence that U.S. banks and financial institutions could begin exploring XRP for use in cross-border
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