Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants.
‘Pro crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
Securitize issues tokenized assets in Spain, plans September trading start
The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime.
Chinese, Indian investment professionals show strong support for CBDC in new survey
The CFA Institute asked members around the world how they felt about CBDCs. Their responses might surprise the crypto community.
Bank of Italy innovation hub supports research into security tokens on secondary markets
The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
US GAO says lack of interagency cooperation needs to be addressed in crypto regulation
In a report requested by Rep. Maxine Waters, the country’s top watchdog is carefully neutral but dissatisfied with agencies’ abilities to work together.
US House Republican committees introduce joint digital assets bill
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.
FTX sues over investments, donations made by charity arm to life sciences companies
The money was intended to add to Bankman-Fried’s political influence and goodwill and did not benefit FTX or Alameda Research.
South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.
Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration
Gensler was asked about the Ripple decision twice shortly after the ruling, and his main message was that he would rather not talk about it.
XRP tops BTC in trading volume as it continues to savor partial victory in SEC suit
XRP gained 1% over Bitcoin in volume between June 17 and July 17, with U.S. exchanges listing it again and international support never failing, Kaiko found.
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec
Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.
FTC takes aim at OpenAI’s ChatGPT with lengthy criminal investigation questionnaire
The U.S. federal agency wants to know if the revolutionary AI tool has sound privacy practices and whether it has led to consumer harm.
PwC hedge fund survey finds crypto remains viable despite recent market turmoil
The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.
European regulator releases consultative paper on MiCA standards for crypto asset service providers
The European Securities and Markets Authority will release three consultations as it fulfills its mandate under MiCA regulations.
US Senate Finance Committee asks digital asset community how to tax it in open letter
Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.
BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.