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Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision.In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed
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Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group. Source
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Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement.Financial markets showed signs of stress as the inverted bond curve reached its
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As Russia continues to delay the adoption of cryptocurrency regulations, local advocates have appealed to Russian president Vladimir Putin to change the government’s approach to regulating the market.The Russian Association of Crypto Industry and Blockchain (RACIB), a major group of crypto and blockchain enthusiasts in Russia, issued an open letter
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Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday. Source
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Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.BUSD’s marketcap has been on a steep downward trajectory since its all-time high (ATH)
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“It's not something that's prescriptive, because you do need, in this industry, to be slightly flexible, insofar as it’s a fast-paced, fast-moving industry. So if you're very prescriptive in nature, you could probably expect it to be something that was out of date as soon as you wrote it,” Swartz
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Ukraine continues working on cryptocurrency legislation a year after Russia’s invasion. According to Yurii Boiko, commissioner of Ukraine’s National Commission on Securities and Stock Market (NCSSM), the war has not changed its regulatory stance.Ukraine has continued to follow in the footsteps of the European Union concerning digital asset laws, Boiko
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But developers are typically less aware of regulatory considerations that also need to be designed around, particularly when it comes to what the dapp’s code is and isn’t programmed to do. For example, dapps may have regulatory issues if the code could have been written to stop a user from
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Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023,
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