# Grayscale Bitcoin Trust terminates material agreements with Genesis

# Grayscale Bitcoin Trust terminates material agreements with Genesis

” Grayscale Bitcoin Trust terminates material agreements with Genesis “ According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter’s shares. Second, from Oct. 3 onwards,…

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# Basel Committee crypto asset prudential treatment proposals get detailed responses

# Basel Committee crypto asset prudential treatment proposals get detailed responses

” Basel Committee crypto asset prudential treatment proposals get detailed responses “ The comments period has ended for the Basel Committee on Banking Supervision (BCBS) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022.  International financial associations had a lot to say in response to it. Several did so…

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# Mastercard launches new crypto fraud protection tool

# Mastercard launches new crypto fraud protection tool

” Mastercard launches new crypto fraud protection tool “ The financial service provider Mastercard will launch a new crypto service related to risk management on Tuesday Oct. 3. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms. Crypto Secure combines the usage of artificial intelligence, blockchain…

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# Binance signs MoU with Kazakhstan to fight financial crime

# Binance signs MoU with Kazakhstan to fight financial crime

” Binance signs MoU with Kazakhstan to fight financial crime “ Global cryptocurrency exchange Binance has signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan as a part of its global law enforcement training program. The program, which involves officials from regulatory and law enforcement organizations worldwide, aims…

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# California fraud cases highlight the need for a regulatory crackdown on crypto

# California fraud cases highlight the need for a regulatory crackdown on crypto

” California fraud cases highlight the need for a regulatory crackdown on crypto “ The California Department of Financial Protection and Innovation (DFPI) announced last month that it had issued desist and refrain orders to 11 entities for violating California securities laws. Some of the highlights included allegations that they offered unqualified securities as well…

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