Belgian Crypto Ads Must Warn of Risks Under New Rules
The Financial Services and Markets Authority will have to be notified of major ad campaigns, as a survey reveals crypto investors are often trying to get rich quick. Source
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Binance-Voyager deal to go without holdings, NY judge rules
The District Court of the Southern District of New York declined the United States government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return
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Biden Charges Congress and Regulators to Tighten Bank Rules as SVB and Signature Bank Collapse
Biden said the administration needs to reduce the risks of a future recurrence and protect American jobs and small businesses. The President of the United States Joe Biden has weighed in on the sudden and recent collapse of Silicon Valley Bank (SVB) and Signature Bank (NASDAQ: SBNY). Many SVB clients pulled
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US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank – Featured Bitcoin News
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering
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Binance.US Can Move Ahead With Plan to Acquire Voyager Digital’s Assets, Judge Rules
"If the government wants to litigate that" Voyager's sale of VGX tokens was an offering of securities, it should have done so, he said, referring to an SEC attorney's statement that the proposed sale may have securities law tie-ups. However, the regulators did not choose to do so; based on
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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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French National Assembly Votes for Tougher Registration Rules for Crypto Firms
France is hoping to set itself up as a crypto hub, and companies such as Binance and Bitstamp have already successfully registered with France’s Financial Markets Authority (AMF). Registration involves checks on governance and money laundering norms, and is mandatory for all those offering trading or custody services in the
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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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Global Crypto Rules to be Based on Coming FSB & IMF Synthesis Paper, India Says After G20 Meetings
India's Central Bank Governor Shaktikanta Das said that there was a marked shift in perception around crypto assets by G20 nations in the past year which saw the collapse of several major crypto companies, including FTX, and a global contagion. There is a wide acceptance about risks involved in crypto
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