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Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi

[Sep 28, 2023 4:03 AM] The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.

CZ Denies He Owns CommEX, Binance Russia's New Owner

[Sep 28, 2023 3:07 AM] Binance’s CEO sought to quell rumors about the mysterious, day-old, crypto company as he seeks to quit Russia.

SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

[Sep 27, 2023 3:23 PM] U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital…

Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court

[Sep 27, 2023 4:00 AM] While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues.

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief

[Sep 27, 2023 3:10 AM] It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.

Binance Sells Russian Unit to Day-Old CommEX, Exits Country

[Sep 27, 2023 2:25 AM] Binance is set to fully exit the country with the sale and will have no ongoing revenue split, it said Wednesday.

The Government Shutting Down Isn't Great for Crypto

[Sep 26, 2023 9:30 PM] An impending government shutdown is probably Not Good News for crypto's D.C. hopes. On a trial-related note, you received preview copies of The SBF Trial, a newsletter we launched last week to keep readers up to speed on Sam Bankman-Fried’s time in…

SEC Extends Ark, Global X ETF Deadlines as Government Shutdown Looms

[Sep 26, 2023 4:44 PM] The efforts from Ark 21Shares and Global X to list spot bitcoin exchange traded funds (ETFs) must now officially wait longer for the U.S. Securities and Exchange Commission (SEC) to either approve or reject or deny their applications as the agency…

U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’

[Sep 26, 2023 1:46 PM] The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up its efforts to block exchange traded funds (ETFs) holding bitcoins, a bipartisan group of lawmakers argued in a letter to SEC Chair Gary Gensler.

Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan

[Sep 26, 2023 9:58 AM] Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.

Kraken Pushes Forward on Expansion in Spain, Ireland With Key Regulatory Steps

[Sep 26, 2023 7:40 AM] Kraken obtained a registration from Spain's central bank, while its Irish subsidiary secured a license.

Chase U.K. to Block Crypto Payments Citing Fraud, Scams

[Sep 26, 2023 6:23 AM] Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.

Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance

[Sep 26, 2023 5:00 AM] The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.

Taiwan Issues Crypto Guidance as It Steps Up Regulation

[Sep 26, 2023 4:24 AM] The guiding principles focus on customer protection and includes requirements to custody client funds separately from company assets.

Binance Restarts in Belgium Three Months After Order to Stop

[Sep 26, 2023 2:45 AM] In June the exchange was ordered by the Financial Services and Markets Authority to stop serving Belgium clients.

Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan

[Sep 26, 2023 12:26 AM] Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them.

Coinbase Successfully Registers With Spain's Central Bank

[Sep 25, 2023 10:18 AM] The firm has registered as a crypto exchange and custody wallet provider.

Digital Euro at Least 2 Years Away, ECB’s Lagarde Says

[Sep 25, 2023 8:43 AM] The central banker said she wanted to address “conspiracy theories” about government snooping

Indian Crypto Investment Platform Mudrex Expands to Italy

[Sep 25, 2023 8:17 AM] Mudrex successfully registered with Italy's Organismo Agenti e Mediatori (OAM), a mandatory step for crypto firms, on Sept. 1, according to the CEO.

CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress

[Sep 22, 2023 7:11 AM] Regulators said the plans weren't in the public interest, after a court squabble involving rival service PredictIt

Binance, U.S. Affiliate, Changpeng 'CZ' Zhao File to Dismiss SEC Lawsuit

[Sep 21, 2023 6:42 PM] Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn't "plausibly alleged" various securities-related violations.

Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

[Sep 21, 2023 12:31 PM] Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of…

Binance Warns of Multiple Stablecoin Delistings as Lawyers Puzzle Over EU's MiCA

[Sep 21, 2023 6:00 AM] The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers

U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

[Sep 20, 2023 1:52 PM] A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets…

SEC’s Crypto Chief Signals Ramp-Up in Enforcement: ‘We’re Going to Continue to Bring Those Charges’

[Sep 20, 2023 10:30 AM] According to David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, more enforcement actions against firms that haven’t properly registered with the regulator are expected. Hirsch…

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

[Sep 20, 2023 7:18 AM] The crypto held in overseas accounts for about 70% of all assets held outside the country.

UK Just Passed an Online Safety Bill That Will Apply to the Metaverse

[Sep 20, 2023 4:05 AM] The bill requires companies to assess the likelihood that children will encounter harmful content in virtual worlds and have measures in place to mitigate such risks.

U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi

[Sep 19, 2023 1:31 PM] The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head…

Crypto Wants a De Minimis Tax Exemption in the U.S.

[Sep 19, 2023 11:30 AM] The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and…

Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service

[Sep 19, 2023 9:20 AM] Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25.