The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial.
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Category: Regulation News
SEC of Thailand issues crypto custody provider rules
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of unforeseen events.
Troubled crypto lender Vauld gets extended creditor protection
The company claims that the negotiations with potential crisis managers entered the “advanced stage.”
Bank of England governor questions need for digital pound
BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.
Japanese regulators want crypto treated like traditional banks
Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks.
Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant
Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO.
Bithumb ordered to pay outage damages to investors by South Korean court
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.
EU finance ministers’ group releases statement on political aspects of digital euro
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision […]
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and […]
Nexo sues Cayman Islands financial regulator over VASP license
The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration.