Robinhood's Crypto Division Fined $30M by New York Financial Regulator: Report
The fine is the first crypto-related enforcement action taken by the regulator, the report said. Source
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Financial
Singaporean financial watchdog to consult public on stablecoin regulation
The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues and do not reflect the specific risks to which the stablecoins are entitled. On Monday, the MAS official
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UK Crypto Investors Should Limit Holdings, Financial Regulator Says
The crypto crash only hardened the Financial Conduct Authority’s determination to act, and it will now ban refer-a-friend bonuses. Source
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Direct Blockchain Scrutiny Can Spot Financial Hacks, but Not Easily, German Study Says
But the resources needed to maintain and interpret the information stream is high, it noted – requiring a small team of officials working round the clock. Coping with that kind of workload could require BaFin to work with other German regulators such as the BSI, which is responsible for cybersecurity,
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Redefining the Industry Standard for Financial Transactions – Press release Bitcoin News
press release PRESS RELEASE. XRPayNet has been making major progress in the DeFi space this year. Their recent launch of a versatile mobile application has allowed users to trade with freedom. The app tautes the flexibility to trade with 90,000 trading pairs available for use. This vast expansion of technology
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IMF Says Crypto Sell-Off Won’t Hit Broader Financial Market
With the economic mood darkening, the Fund sees inflation and a recession as major risks – but not crypto market turbulence Original Source
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'Cryptojacking' in Financial Sector Has Risen 269% This Year, SonicWall Says
Malicious cryptojacking hacks have surged by 269% across the financial sector in the first half of 2022. Original Source
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Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says – Regulation Bitcoin News
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank
Read MoreCoinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
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UK financial markets bill authorizes regulation of stablecoins, service providers
The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and
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