Coinbase to Suspend Trading for BUSD Stablecoin
Coinbase, one of the largest cryptocurrency exchanges in the US, announced that it would suspend trading for the Binance USD (BUSD) stablecoin on March 13 due to its “listing standards.” The decision…
G20: IMF, FSB, and BIS to Establish Global Crypto Regulatory Framework
The G20, consisting of the 20 largest economies in the world, has announced that it will establish a global crypto regulatory framework. The Financial Stability Board (FSB), the International Monetary Fund (IMF),…
Circle CEO Argues Stablecoins Should be Regulated by Banking Authorities
Circle CEO Jeremy Allaire argues that stablecoins should be regulated by banking authorities rather than the United States Securities and Exchange Commission (SEC). In a recent interview with Bloomberg, Allaire expressed his…
Germany’s DZ Bank partners with Metaco for digital asset custody services
Germany’s DZ Bank has partnered with Swiss firm Metaco to offer digital asset custody services, despite dwindling institutional sentiment associated with cryptocurrencies in Germany. DZ Bank is Germany’s second-largest lender by assets…
Coinbase reports Q4 revenue beat, expects more crypto regulation in 2023
Cryptocurrency exchange Coinbase reported its Q4 2022 earnings on Tuesday, with net revenue of $605 million, surpassing analysts’ estimates of $588 million. The revenue figure was up 5% from the previous quarter’s…
Hong Kong Proposes Rules for Crypto Trading, Allows Retail Investors
Hong Kong’s Securities and Futures Commission (SFC) has released a consultation paper on proposed rules for virtual asset trading platforms, seeking public comment. The paper outlines requirements for operators, including assessing clients’…
FTX Founder’s Internet Use on Bail: Federal Judge Considers Jail as Solution
FTX founder Sam Bankman-Fried’s use of the internet while on bail has become a concern for US Federal Judge Lewis A. Kaplan. The judge has expressed growing impatience over Bankman-Fried’s communications on…
US SEC Charges Terra CEO for Multibillion-Dollar Crypto Fraud
The US Securities and Exchange Commission (SEC) has filed charges against blockchain platform Terraform Labs and its founder, Do Kwon, for defrauding investors in a multibillion-dollar scheme. Kwon is accused of lying…
Tornado Cash Developer to Remain Jailed for Money Laundering
Russian developer Alexey Pertsev, who created the crypto privacy tool Tornado Cash, will remain in jail on money laundering charges, according to a panel of Dutch judges. The decision was made during…
India Bans Crypto Ads and Sponsorships in Women’s Cricket League
The Board of Control for Cricket in India (BCCI) has banned cryptocurrency advertising and sponsorships in the Women’s Premier League, according to Planet Sport on Feb. 14. The BCCI sent a 68-page…
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