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. Go to Source
Cryptocurrencies
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Commerzbank granted crypto custody license in Germany
The German bank Commerzbank is the first full-service bank in the country to receive a crypto custody license from local regulators. Go to Source
Bim Afolami takes the reins on UK crypto policy as new Economic Secretary
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next Minister of State in the Department for Science, Innovation and Technology. Go to Source
Disney launches NFT platform with Dapper Labs
The NFT platform, dubbed ‘Disney Pinnacle,’ will go live later this year. Go to Source
Owner of Hong Kong crypto exchange OSL secures $90M investment
BC Technology Group, the operator of Hong Kong’s publicly-listed crypto exchange OSL, has raised $90 million in subscription of new shares from BGX. Go to Source
Swan Bitcoin to terminate customer accounts that use crypto-mixing services
Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations. Go to Source
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries. Go to Source
Crypto advocacy group pushes back against proposed IRS rules on brokers
The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space. Go to Source
DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors
The project was previously audited by Trail of Bits and Hats Finance. Go to Source
Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering
The exchange confirmed its chief operating officer’s brief relationship with an alleged money laundering group in a statement on Nov. 13. Go to Source