United States

Crypto / Digital Assets

US Lawmakers Propose Draft Stablecoin Legislation

By Editors | 21/04/2023

Applications from stablecoin issuers would be “deemed approved” if regulators do not reach a decision within 4.5 months from the application.

Crypto / Digital Assets

Crypto Exchange Luno to Close Singapore Operations in June

By Sanday Chongo Kabange | 21/04/2023

Luno, which received in-principle approval from MAS last year, has decided to stop serving users in Singapore.

Fintech / Regtech

ChatGPT Can Interpret Fed Policy, Predict Stock Moves

By Mark Johnston | 19/04/2023

Researchers find ChatGPT can interpret Fed policy and corporate news and make investment recommendations based on them.

Crypto / Digital Assets

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.

Crypto / Digital Assets

Fed Official Outlines Policy Issues for CBDC Introduction

By Mark Johnston | 18/04/2023

Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.

Crypto / Digital Assets

NYDFS Issues Final Rule on Bitlicense Assessment Fees

By Editors | 18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Enforcement

Russian National Receives Light Sentence for Laundering Ransomware Proceeds

By Mark Johnston | 18/04/2023

Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

Crypto / Digital Assets

US SEC Charges Crypto Firm Bittrex for Not Registering

By Editors | 18/04/2023

The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.

Crypto / Digital Assets

US SEC Reopens Consultation to Redefine ‘Exchange’

By Editors | 18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.