News: Crypto
Finextra: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
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Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.
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Financial News: FCA reaches 100 crypto staff in digital assets hiring drive
The Financial Conduct Authority has bulked up its crypto staffing as it takes on new challenges in the digital asset space.
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June 24, 2024 / Blockchain, Crypto
Crowdfund Insider: ClearBank Selected by Poundtoken for Banking Services, Will Hold Stablecoin Reserves at Bank of England
ClearBank announced it has been selected by Poundtoken to provide banking services, allowing it to hold its fiat-backed stablecoin reserves at the Bank of England.
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Finextra: Wholesale, not retail, CBDCs more likely to be issued in near-term – BIS
Wholesale, not retail, CBDCs more likely to be issued in near-term according to the Bank for International Settlements – BIS.
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April 29, 2024 / Crypto, Regulation
Finextra: EU expands AML regulation impacting cryptocurrency compliance
The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.
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Finextra: US falling behind peers on CBDC progress, warns think tank
This is not surprising given the current political environment in the US at the moment.
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February 1, 2024 / Crypto
Finextra: US Justice Department uncovers $1.89 billion cryptocurrency fraud scheme
One of the biggest cryptocurrency fraud schemes has been uncovered.
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January 29, 2024 / Blockchain, Crypto
The Hill: Trump vows to block creation of digital dollar
The fact that he does not have a clue what it is probably explains his stance.
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January 24, 2024 / Crypto, Regulation
Ledger Insights: EU Council agreement on crypto AML regulations – details revealed
AML rules starting to tighten around Crypto.
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