Regulator

Central African bank regulator reminds member states of crypto ban, Reuters reports

Central African bank regulator reminds member states of crypto ban, Reuters reports

advertisement Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in …

Central African bank regulator reminds member states of crypto ban, Reuters reports Read More »

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

The official announcement didn’t mention Barr’s background with the financial industry, which also included a stint at financial-technology platform Lending Club. Barr was hired in 2015 on the board of Ripple Labs, when he said that he thought “innovation in payments can help make the financial system safer, reduce cost, and improve access and efficiency …

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator Read More »

Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill

Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill

Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as a new watchdog: a self-regulatory organization administered by the …

Wyoming Sen. Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill Read More »

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase has put out a sweeping proposal for a new regulatory regime over digital assets in the United States.  Released on October 14, Coinbase’s plan at its core proposes a drastic reconfiguration of U.S. financial regulation. Most notably, that includes establishing a brand new regulator with control over marketplaces for digital assets, which the firm …

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets Read More »

Federal Reserve official set to lead U.S. banking regulator: reports

Federal Reserve official set to lead U.S. banking regulator: reports

Treasury Secretary Janet Yellen is reportedly set to name a Federal Reserve official to take over at the U.S. Office of the Comptroller of the Currency on an acting basis, according to reports from the Wall Street Journal and Politico.  Yellen has reportedly tapped Michael Hsu, who currently serves as an assistant director at the …

Federal Reserve official set to lead U.S. banking regulator: reports Read More »

German finance regulator issues warning about Binance's stock tokens offering

German finance regulator issues warning about Binance’s stock tokens offering

Germany’s Federal Financial Supervisory Authority, or BaFin, said in a translated version of a notice published Wednesday that it “has reasonable grounds for suspecting” that crypto exchange Binance may be in violation of the country’s securities laws in connection with its recently announced stock tokens service. As previously reported, Binance went live with a tokenized …

German finance regulator issues warning about Binance’s stock tokens offering Read More »

Japan’s top securities regulator says XRP is not a security

Japan’s top securities regulator says XRP is not a security

Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission’s allegation that by selling XRP the firm engaged in sales of unregistered securities — …

Japan’s top securities regulator says XRP is not a security Read More »