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“#Did Jake Sullivan commit perjury? E-mails reveal ‘lie’ on Trump” Jake Sullivan, national security adviser in the Biden administration, may be guilty of perjury related to the Hillary Clinton campaign’s dirty tricks against Donald Trump. Last week, Michael A. Sussmann, a partner at Perkins Coie, a law firm representing the Hillary campaign and the Democratic…
“# Basel draft rules make crypto too costly for banks to trade, says industry ” Nine banking industry associations have submitted a letter to the Basel Committee on Banking Supervision (BCBS) in response to its proposal to introduce stringent capital requirements for banks looking to hold crypto assets on their books. In June of this…
“# DCG-backed Korean exchange faces closure if it can’t find banking partner ” South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license. To be eligible for a license, all crypto exchanges…
“# Crypto and DeFi disintermediate banking in new ways, says OCC head ” On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals headquartered in Washington, D.C. — Acting Comptroller of the Currency Michael Hsu delivered remarks on the topic of safeguarding trust in banking….
“# Bank of Russia wants to block ‘emotional’ and suspicious crypto activity ” As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt…
“# Morgan Stanley launches cryptocurrency research team ” Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency…
“# US Treasury reportedly in talks for stablecoin regulation ” Amid massive growth of the stablecoin market, the United States Treasury Department has reportedly discussed potential regulation for private stablecoins. The Treasury conducted several meetings last week to examine the risks of stablecoins for users, markets, or the financial system, as well as learn about…
“# El Salvador’s largest bank partners with Flexa for Bitcoin payments ” Bancoagrícola, El Salvador’s largest financial institution, is set to boost the country’s Bitcoin adoption policy following its partnership with digital payments gateway Flexa. According to an announcement by Flexa on Thursday, Bancoagrícola has inked a deal with the crypto payment network to enable…
“# Stablecoins: crypto house of cards? ” In Cointelegraph’s latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market…
“# More countries to follow El Salvador’s Bitcoin move, Cardano creator says ” Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American country’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people…