Ukraine joins the comity of crypto-friendly nations with new regulation
Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country. Go to Source Powered by WPeMatico
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Basel draft rules make crypto too costly for banks to trade, says industry
Proposed rules would make “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” industry associations have told regulators. Go to Source Powered by WPeMatico
DCG-backed Korean exchange faces closure if it can’t find banking partner
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline it will need to shut down. Go to Source Powered by WPeMatico
Crypto and DeFi disintermediate banking in new ways, says OCC head
The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system. Go to Source Powered by WPeMatico
Morgan Stanley launches cryptocurrency research team
After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley dives deeper into crypto. Go to Source Powered by WPeMatico
US Treasury reportedly in talks for stablecoin regulation
Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once. Go to Source Powered by WPeMatico
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept. 24 compliance deadline. Bithumb, Coinone and Korbit Maintain Partnerships With Korean Banks Banks have … Read more
Stablecoins: crypto house of cards?
In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins. Go to Source Powered by WPeMatico
More countries to follow El Salvador’s Bitcoin move, Cardano creator says
El Salvador’s Bitcoin acceptance is a major win for the cryptocurrency industry, Cardano founder Charles Hoskinson believes. Go to Source Powered by WPeMatico
Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘
The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins. Go to Source Powered by WPeMatico