Cryptocurrency Analysis and News Portal
Hong Kong’s legislative council has passed a new amendment to its anti-money laundering (AML) and terrorist financing system to include virtual asset service providers.The latest legislation will establish a new licensing regime for virtual asset service providers, set to come into effect from June 1, 2023. The new amendment will
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Solot was the former partner at crypto fund Tagus Capital and has also worked at private investment bank Brown Brothers Harriman and has also worked with the International Monetary Fund. Arasaratnam, a 17-year financial services veteran, has recently worked at food startup M-EAT and online shopping platform The Chapar. Original Source
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The CFTC oversees futures markets of commodities, bonds and foreign-exchange products, while the Securities and Exchange Commission oversees securities markets, including those for stocks and bonds. It remains unclear which agency will regulate crypto spot markets, though it appears both agencies want to do that. The CFTC currently regulates crypto
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South African financial service providers have been primed to offer cryptocurrency products and services to customers after regulatory amendments in the country.This comes after South Africa’s Financial Sector Conduct Authority (FSCA) amended its financial advisory act from 2002 on Oct. 19 to define crypto assets in the country as financial products.
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Jenny Johnson, President and CEO of the capital markets giant, joined CoinDesk TV live from I.D.E.A.S. 2022 in New York City to discuss the firm’s outlook on blockchain technology and the launch of its crypto-focused separately managed accounts. Original Source
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The lobby groups, which also include the Futures Industry Association, the International Swaps and Derivatives Association, the International Securities Lending Association, the Bank Policy Institute, the International Capital Markets Association, and the Financial Services Forum, want to see the cap raised from 1% to 5% of a bank’s Tier 1
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SWIFT’s Strategy Director Jonathan Ehrenfeld Solé said that one of the reasons working with Chainlink on CCIP has been successful is that there is “undeniable interest” in crypto from institutional investors. Traditional finance (TradFi) players want access to various digital and traditional assets on one network that can connect different
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“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CryptoX. Source
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Umee is creating an institutional lending decentralized autonomous organization (DAO) called UDX to help facilitate the transition of bond markets into DeFi lending. The initiative will improve bond markets’ efficiency on Umee’s Cosmos-, Ethereum-, Avalanche-, Near- and Solana-compatible trading platform. Source
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Bear market hasn’t stopped the TradFi push into crypto as large players continue to pile into the industry, following Buffett’s famous rule “be greedy only when others are fearful.” Original Source
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