Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation.
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing.
Mauritius mulls wrapping metaverse into financial services
While acknowledging the need for collaboration in reshaping the financial services to accommodate metaverse, the FSC of Mauritius asked seven questions to the public.
Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates.
House Financial Services Comm. witnesses air multiple anti-CBDC arguments
The digital assets subcommittee heard from five opponents of a U.S. CBDC while giving supporters very little time.
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions.
Elon Musk says X will offer an ‘entire financial world’ in the coming months
In light of the Twitter rebranding Elon Musk posted that in the coming months, users can expect to conduct their “entire financial world” via the X platform.
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations.
Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America
Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said.
Belgian financial regulator orders Binance to cease all virtual currency services
The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies.
French financial markets ombudsman reports jump in crypto-related mediations
The Autorité des marchés financiers ombudsman saw mediation requests rise by almost a quarter in a year; the number of digital asset service providers more than doubled in that time.
UK Lawmakers’ Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.
Crypto retail trading should be regulated as gambling: UK lawmakers
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.
BNP Paribas teams up with Bank of China to promote digital yuan usage
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.
Financial Services chair McHenry send SEC second request for records related to SBF arrest
Sam Bankman-Fried was arrested just before his committee appearance was scheduled.
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
The firm said it continues to invest in and grow its asset management business.
Education is key to financial freedom, says Bitcoin advocate Najah Roberts
The Agenda podcast discusses the importance of financial literacy and education in Part 2 of a conversation with BTC advocate and entrepreneur Najah Roberts.
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings.
Moody’s to build scoring system for stablecoins: Report
Moody’s is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets.