Cryptocurrency Analysis and News Portal
The Culture, Media and Sport Committee, which includes representatives from several political parties, started an inquiry into non-fungible tokens in November. Original Source
Read More
U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from the CEO of Signature Bank regarding “the economically disastrous outcomes you created.” Senator Elizabeth Warren’s Letter
Read More
The Monetary Authority of Singapore (MAS) is considering introducing further safeguards on access to crypto among the general public, a senior government minister said. Source
Read More
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. In its report, the Treasury highlighted the importance of stablecoins in innovation but also noted their ability to impact financial stability should systemic failures occur. Specifically,
Read More
The U.K. government has published a consultation paper that proposes a series of safeguards to protect investors against the risk of stablecoins. Original Source
Read More
No formal decision has yet been taken whether to issue the central bank digital currency (CBDC), but the EU is already considering how to tie payment innovations to anti-money laundering rules, both for the digital euro and private cryptocurrencies such as bitcoin. Source
Read More
Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures”
Read More
The United Nations Children's Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets.UNICEF’s “Prospects for children in 2022” report, which examines the impact of global trends on children, anticipates further mainstream adoption of cryptocurrencies — “demonstrating both the
Read More
The Bank of Thailand has published the results of a new study into how to manage the implications of issuing a retail central bank digital currency (CDBC) for the country’s financial sector.As distinct from a wholesale CBDC, which is limited to use by financial institutions and intermediaries, a retail CBDC
Read More
MakerDao (MKR) has published a new report that attempts to put the events of ‘Black Thursday’ into context — and recommends safeguards to ensure it can never happen again.On March 12-13 a roughly 50% crash in the price of Ethereum (ETH) led to the under-collateralization of the debt positions underpinning
Read More