The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
Binance calls it quits in Canada, blames new rules
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.
Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs
The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes.
US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.
Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.
Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest
EMPOWR is requesting correspondences between former SEC officials William Hinman, Marc Berger and Jay Clayton and their current employers.
S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics
The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling.
US Justice Department investigating Binance for violating Russian sanctions: Report
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports.
RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
The U.S. presidential candidate has added anti-CBDC to his anti-establishment, anti-vaccination repertoire and has gained double-digit support among Democrats.
New White House standards strategy could have implications for crypto industry KYC
The Biden administration has released a strategy document focusing on setting standards for “critical and emerging” technologies such as blockchain and digital ID.
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.
Mashinsky files motion to dismiss NY AG suit, says it ‘parrots misinformation’
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things.
US congressmen chide presidential advisers over crypto stances in economic report
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets.
Coinbase officers, board members face suit over alleged insider trading during listing
The suit charges the alleged inside traders saved over $1 billion by selling their shares when the company went public, despite knowing they would lose value.
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed.
Fed, NYDFS assess their supervisory performance after March’s big bank failures
Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.
Mauritius planning to launch pilot project for retail digital rupee late this year
The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island nation’s CBDC ambitions.
Coinbase execs respond to SEC’s Wells notice in person and on video
Coinbase founder Brian Armstrong and chief legal officer Paul Grewal spoke about the company’s Wells notice from the SEC on YouTube and at Consensus 2023.
US House committees hear similar testimonies in simultaneous hearings on digital assets
A range of speakers addressed issues like agency turf wars and regulator fitness in hearings on regulatory gaps.
Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients
Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.