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” FDIC acting chair says no crypto firms or tokens are backed by agency “ Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens. In a Nov. 15 hearing of the Senate Banking Committee on…
” Hong Kong to avoid FTX-like scenario through transparency and supervision “ Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transparency and proper supervision when dealing with virtual assets. Financial Secretary…
” OCC makes its staff available for fintech-related discussions “ The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss financial technology. In a Nov. 3 announcement, the OCC said entities considering fintech products and services, partnerships with banks, or…
” UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’ “ Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and blockchain on the country’s economy….
” US Election update: Where do the pro-crypto candidates stand ahead of the election? “ The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be running. According to media reports, cryptocurrency lobbyists and political action committees have poured…
” South Korean prosecutors accuse Do Kwon of manipulating Terra’s price “ A local report from South Korea claims that the country’s prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC). A report by Korean Broadcasting System (KBS) on Nov….
” Canada to examine crypto, stablecoins, and CBDCs in new budget “ The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as…
” Japan’s Digital Agency launches DAO to explore DAOs and Web3 “ The Digital Agency of Japan, aimed at harmonizing nationwide initiatives related to digital transformation, has launched a research decentralized autonomous organization, or DAO, targeting Web3. In a Nov. 2 meeting, the Digital Agency said it had established a DAO in an effort to…
” The state of crypto in Southern Europe: Malta leads the way “ Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain…
” Singapore bank DBS uses DeFi to trade FX and state securities “ DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central bank. DBS has started a trading test of foreign exchange (FX) and government securities using permissioned, or private, DeFi liquidity pools,…