Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems.
SEC chief accountant warns accountants about liabilities when auditing crypto firms
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.
South Korea strengthens crypto regulation with LEI adoption and crime unit
The decision was driven by the country’s concern over illicit activities in the crypto market and the desire to safeguard investors.
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.
Congressman Torres Calls for Investigation Into SEC Over its Approach to Crypto
Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its “haphazard and heavy-handed approach to digital assets.”
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.
Namibia passes bill to regulate crypto and digital assets
The legislation aims to establish a framework for licensing and regulating virtual asset service providers.
CME Group set to introduce ETH to BTC Ratio futures
The scheduled launch date for these futures contracts is set for July 31, pending regulatory review.
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body.
Singapore central bank reports on tokenized asset network models after trials
Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.
Blame game rages over ASX’s failed CHESS system blockchain upgrade
Digital Asset blames the ASX for not providing it with crucial information while the ASX says these claims are misleading.
BitGo terminates acquisition of Prime Trust
The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust.
Singapore MAS proposes digital money standards with major industry players
The Monetary Authority of Singapore, with input from major tech giants, released a whitepaper on the standards for digital money usage such as CBDCs and stablecoins.
BIS releases unified-ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.
Crypto investment products experience outflows for 9th consecutive week
Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.
SEC and Binance.US strike a temporary agreement on asset access
Proposed measures include restricting Binance Holdings officials’ access to private keys and disclosing business expenses.
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group.
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
According to CoinShares, digital asset investment product outflows amounted to $88 million last week.