digital

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress.  On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission.  Thompson’s announcement of the bill said “The DCEA builds …

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European Commission receives more than 10,000 public comments amid digital euro consultation

European Commission receives more than 10,000 public comments amid digital euro consultation

The European Commission has received about 10,000 public comments so far on its call for evidence regarding a digital euro, which is to run from April 5 to June 14 and is aimed at getting feedback for the possible establishment and regulation of a digital currency as a new form of central bank money. A …

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Binance is eyeing the potential acquisition of a Brazilian securities brokerage

Binance approved in principle by Abu Dhabi as digital asset broker-dealer

advertisement Binance received in-principle approval from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer in digital assets, Bloomberg reported on Sunday. The world’s biggest cryptocurrency exchange by trading volume must now complete the application process, according to Richard Teng, Binance’s head for the Middle East and North Africa and a former ADGM executive. …

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Former Citi Digital Asset Execs Launch Crypto-Focused Fund

Former Citi Digital Asset Execs Launch Crypto-Focused Fund

For an income-focused strategy, Motus sees a “mismatch” between funding digital assets versus traditional finance. “Global banks have so much cash they pay zero or less for deposits. Meanwhile, the stablecoin market cap has quintupled since 2021, and investors still command high-single to double-digit returns for dollars or dollar-pegged assets.” Thus, an opportunity presents itself, …

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Bitget

Bitget – Meet The World’s Leading Digital Asset Trading Platform

Have you ever heard of a crypto derivatives trading platform that has achieved global success in just a few years? Over 2 million active and satisfied users, innovative and unique trading products, ex Have you ever heard of a crypto derivatives trading platform that has achieved global success in just a few years? Over 2 …

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Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets

Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets

Through the comment process, FASB received a significant response of 522 comment letters. Of these 522 responses, 445 (85% of the respondents) commented solely and exclusively on accounting standards for digital assets, providing feedback on the pervasive impact of digital assets and the need to prioritize standards setting. More than 50% of the respondents indicated …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Federal Reserve publishes long-awaited central bank digital currency report

The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.” “It invites comment from the public and is the first step in a …

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