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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the

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New York’s Financial Regulator Wants Firms, Including Crypto Miners, to Look Closer at Climate Change Risks

New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change.In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing such risks

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New York Regulator Calls for More Social Media Oversight After Twitter Hack

July’s Twitter hack and ensuing bitcoin scam should impel corporates and even governments into more forcefully counteracting the “weaponization” of social media giants, New York State Department of Financial Services said Wednesday.“The Twitter Hack demonstrates, more than anything, the risk to society when systemically important institutions are left to regulate

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Blockchain Bites: CZ’s Exclusive Interview, California’s Souped-Up Regulator, Alt Season’s End?

California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say “alt-season” is over. Top shelfBrokerage raiseEuropean crypto brokerage Bitpanda has raised a $52 million Series A led by Peter Thiel’s Valar Ventures, to be put to use expanding the company’s payroll and adding a variety of products. Next

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US banking regulator authorizes federal banks to hold reserves for stablecoins

Per an interpretive letter from the U.S. Office of the Comptroller of the Currency released on Monday, national banks will be free to hold reserve currencies for stablecoins.The new guidance reads, "We conclude that a national bank may hold such stablecoin 'reserves' as a service to bank customers."Alongside the announcement,

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Wyoming Bank Regulator Taps Chainalysis Training, Tools

Wyoming’s chief banking regulator has turned to Chainalysis for “beefing up” his division’s monitoring capabilities of illicit cryptocurrency activities.  Under a one-year deal disclosed to CryptoX Thursday, Chainalysis will train senior examiners on crypto tracing practices and grant two monitoring software licenses – plus investigatory support – to the Division of

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