Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority.
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Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority.
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The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.
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The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.
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U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.
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Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.
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The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.
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The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.
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Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.
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Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.
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