‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance’s CEO said. Go to Source Powered by WPeMatico
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HK production company plans to launch crypto-themed drama series on NFTs
The series will reportedly incorporate interactive features from video games, allowing viewers to collect scenes, characters and props within the story after its run time. Go to Source Powered by WPeMatico
Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May
Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be “a threat to U.S. reserve currency status long term.” Go to Source Powered by WPeMatico
Crypto ownership has nothing to do with distrust in fiat: BIS study
Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements. Go to Source Powered by WPeMatico
US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption
Victoria Nuland said the United States was taking a “tough look at Bitcoin” following a major ransomware attack and suggested El Salvador take a similar approach. Go to Source Powered by WPeMatico
Study names United States ‘most crypto-ready’ country
Cryptocurrencies like Bitcoin and Ether are considered to be commodities by the United States Commodity Futures Trading Commission and the Securities and Exchange Commission. Go to Source Powered by WPeMatico
FinCEN lists cryptocurrencies as top AML and CFT priorities
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs. Go to Source Powered by WPeMatico
FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users
Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account. Go to Source Powered by WPeMatico
Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges
Regulators in Japan, the United Kingdom and the Canadian province of Ontario have all tightened their grip on cryptocurrency exchanges. Binance has been caught in the crosshairs. Go to Source Powered by WPeMatico
Expect even more oversight of crypto from regulators, says eToro
Yonni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation. Go to Source Powered by WPeMatico
