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” Bank of England has no tech skills to issue CBDC yet: Deputy governor “ According to a deputy governor, the United Kingdom is not ready to issue a central bank digital currency (CBDC) just yet, as the Bank of England (BoE) doesn’t have enough expertise. There is more than a 50% chance that the…
” Crypto industry lobbying expenses rose by 120% in 2022 in the US “ Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States. This number appears in a study, published by the Money Mongers…
” Emirate to launch free zone for digital and virtual asset firms “ Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players. The RAK Digital…
” Robinhood subpoenaed by SEC over crypto listings and custody “ Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly…
” Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27 “ Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central…
” Crypto gateway Alchemy Pay scores license in Indonesia “ Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran. Announcing the news on Feb. 27, Alchemy Pay noted that Bank Indonesia issued the licenses jointly to Alchemy…
” BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report “ Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm. Kano resigned in 2019 following…
” IMF to prefer regulating crypto than banning it outright: Report “ The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now. Speaking on the sidelines of the G20 finance ministers meetings in Bengaluru, India, IMF…
” FSB, IMF and BIS papers to set global crypto framework, says G20 “ The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies…
” FTX Japan allows total withdrawal of funds; users rejoice the ‘escape’ “ While FTX customers across the world patiently await Sam Bankman-Fried’s (SBF) legal conclusion in hopes of getting back their investments, users of FTX Japan have started withdrawing all of their funds. On Nov. 7, 2022, crypto exchange FTX and its subsidiaries halted…