US Senate votes to overturn SEC rule, allowing regulated firms to hold Bitcoin
60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US…
EU banking watchdog strengthens AML measures for crypto firms
EBA extends AML guidelines to CASPs, addressing ML/TF risks in crypto transactions. Guidelines provide risk factors and mitigating measures, urging blockchain analytics use. Interconnected financial sector necessitates guidance for institutions…
Hong Kong warns crypto firms against referring to themselves as “banks”
Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto…
Hester Peirce criticizes SEC’s warning to accounting firms working with crypto
SEC Commissioner Hester Peirce says SEC’s warning to accounting firms could discourage “good-faith efforts” towards transparency. Paul Munter, the Chief Accountant at SEC, cautioned that crypto platforms are likely to…
Singapore’s Temasek is ‘not comfortable’ investing in crypto firms: here’s why
Temasek is reluctant investing in crypto firms due to regulatory uncertainty. Its CIO Rohit Sipahimalani discussed the crypto market with CNBC today. Temasek also recorded its worst returns since 2016…
Deutsche Bank eyes investment in 2 German crypto firms: report
German bank Deutsche Bank AG is said to be negotiating minority stakes in Deutsche Digital Assets and Tradias. A Bloomberg report on Wednesday claimed the deals are being led by…
115-page doc shows big tech firms, airlines and government entities owed by FTX
The 115-page document was filed by FTX lawyers in the US Bankruptcy Court for the District of Delaware. The list of creditors shows all those owed money by the collapse…