Category: Financial Services
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US House Financial Services subcommittee looks for answers on crypto and crime
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 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 without giving supporters equal (or any) 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.
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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.
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UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.
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