French Regulator Working to Clarify New Crypto Rules, Align With EU
Don’t tar all crypto with the FTX brush, the head of the Financial Market Authority told lawmakers. Source
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Crypto Custodian Finoa Gets License Approvals From German Regulator BaFin
Finoa, which has been operating under a preliminary crypto custody license since January 2020, also closed a strategic venture round led by new investor Middlegame Ventures and including existing investors Balderton Capital, Coparion, Venture Stars, and Signature Ventures. The size of the investment was not disclosed. Original Source
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UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of England (BOE) executive director of the Prudential Policy Directorate Vicky Saporta said in a speech at the bank Feb. 27. The rules will be developed with consideration for Basel
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Prudential Regulatory Authority, the UK’s Banking Regulator, to Propose Rules on Issuing Holding Crypto
New standards for PRA-regulated firms will be coherent with rules for other sectors, according to a footnote accompanying the text of the speech. The Basel Committee on Banking Supervision, the banking industry's global regulator, published a standard on how banks should treat crypto exposure in December. Source
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Australian Markets Regulator is Reviewing Binance Australia's Derivatives Services
Australian markets regulator is conducting a targeted review of Binance Australia's local derivatives services a day after Binance said it had incorrectly tagged 500 Australian users as "wholesale investors," resulting in their derivative positions being unceremoniously closed. Source
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SEC is not the appropriate regulator for stablecoins: Circle CEO
The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its recent moves to clamp down on the crypto industry,
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US State Regulator Launches Crypto Scam Tracker – Featured Bitcoin News
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.” California Regulator’s Crypto Scam
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California regulator launches complaint-based crypto scam tracker
The Californian Department of Financial Protection and Innovation (DFPI) has launched a new crypto scam tracker to help traders and investors spot possible industry threats.On Feb. 16, the DFPI launched the tracker based on user complaints. It has compiled a list of crypto-related grievances by victims that claim to have been
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Blockchain Industry Association GBBC Digital Joins International Securities Regulator IOSCO
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BIS-funded regulator to probe DeFi entry points like stablecoins
The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi).On Feb. 16, the FSB issued a report on the financial stability risks of DeFi, highlighting major vulnerabilities, transmission channels and the evolution of DeFi.Despite providing many
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