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Crypto / Digital Assets
AML / KYC
CFTC Alleges Binance is Operating in the US Illegally
By Editors | 28/03/2023
The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.
Crypto / Digital Assets
US SEC Warns Against Investing in Crypto Assets
By Sanday Chongo Kabange | 24/03/2023
The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.
Crypto / Digital Assets
UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged
By Editors | 24/03/2023
Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.
Crypto / Digital Assets
US SEC Warns Coinbase of Impending Enforcement Action
By Manesh Samtani | 24/03/2023
Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.
Fintech / Regtech
ESMA Goes Live With New DLT Pilot Regime
By Editors | 23/03/2023
Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.
Crypto / Digital Assets
FASB Opens Consultation on New Crypto Accounting Standard
By Editors | 23/03/2023
Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.
Capital / Liquidity
BCBS to Assess Financial Stability Risks of Higher Interest Rates
By Editors | 23/03/2023
The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.
Capital / Liquidity
APRA Directs Banks to Declare Links to Crypto Firms
By Sanday Chongo Kabange | 23/03/2023
APRA has asked banks to declare and report their business ties to crypto firms and start-ups, which worry increased supervision will make it harder to access financial services.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
By Editors | 23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Crypto / Digital Assets
US Authorities Consider Taxing NFTs as Collectibles
By Editors | 23/03/2023
Under the US tax code, collectibles are subject to a 28% capital gains tax rate, compared to 20% for stocks, bonds and cryptocurrencies.
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