Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist? Go to Source Powered by WPeMatico
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dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash
The platform said it has used compliance vendors to scan for and flag accounts potentially associated with illicit activities, including sanctions lists for many countries. Go to Source Powered by WPeMatico
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility. Go to Source Powered by WPeMatico
CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common. Go to Source Powered by WPeMatico
Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions
OFAC issued a statement implying prohibited transactions with Specially Designated Nationals could include “downloading a software patch from a sanctioned entity.” Go to Source Powered by WPeMatico
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June. Go to Source Powered by WPeMatico
US ethics advisory on federal employee’s crypto has basis in legislation
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds. Go to Source Powered by WPeMatico
US lawmakers request crypto firms provide info on diversity and inclusion
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies,” said the letter. Go to Source Powered by WPeMatico
Coinbase hit with 2 fresh lawsuits amid SEC probe
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company’s business, operations and compliance efforts throughout the class period. Go to Source Powered by WPeMatico
Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project. Go to Source Powered by WPeMatico