UK FCA gives unregistered crypto firms âfinal warningâ on ads regime compliance
The Financial Conduct Authority (FCA), the United Kingdomâs financial markets regulator, has again expressed its concern over the lack of engagement on the part of crypto firms that will soon be subject to new marketing rules. The consequences of noncompliance could be severe, it warned. In a letter dated Sept. 21, the FCA said it […]
Chamber of Digital Commerce launches Digital Power Network minersâ coalition
Cryptocurrency miners have a new voice in Washington with the launch of the Digital Power Network (DPN), a new coalition affiliated with the Chamber of Digital Commerce. The network is off to a promising start, with many of the United Statesâ biggest miners on board. The DPN is the first affiliate of the Chamber, and […]
SEC reverses decision on sealing, redacting some documents in Binance.US case
Observers should soon get a look at some of the sealed documents in the United States Securities and Exchange Commissionâs (SEC) case against Binance. The documents were sealed at the SECâs request with the agreement of both sides and are being unsealed at the request of the SEC itself. District of Columbia District Court Magistrate […]
Two more top executives depart Binance.US amid layoffs, SEC action: Report
Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer Sidney Majalya were said to […]
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
Three central banks have joined the beta phase of bank messaging platform SWIFTâs central bank digital currency (CBDC) interoperability project, the company announced Sept. 13. It has also entered a new phase of sandbox testing, it said. The Hong Kong Monetary Authority, the Central Bank of Kazakhstan and an unnamed central bank have integrated their […]
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization. The project […]
Aave, Circle, Base become founding members of Tokenized Asset Coalition
Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7. Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz are the coalitionâs founding members, but membership is […]
Regulated Liability Network identifies proof-of-concept case with digital pound
The Regulated Liability Network (RLN) has completed its United Kingdom discovery phase and is prepared to proceed to a use case with retail central bank digital currency (CBDC), according to its latest report. The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within âpartitionsâ on a single network. The […]
Judge dismisses class-action suit against Uniswap over token scam losses
The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange. Judge Katherine Polk Failla, who handed down the dismissal, is also hearing the Securities […]
Crypto community jubilant over Grayscale decision, but uncertainty remains
The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investmentsâ Bitcoin spot ETF application. The United States Securities and Exchange Commission (SEC) rejection of the application was overturned. The decision was âa slaughterfest of the SEC arguments,â Cinneamhain Ventures founder Adam Cochran […]