Ad Ripple CEO Brad Garlinghouse said the number of positive global regulatory developments happening in the crypto industry is “energizing.” In a Feb. 9 Twitter thread, Garlinghouse praised regulators in Dubai, the U.K., Australia, Brazil, and South Korea for providing “leadership” and “clarity” for crypto firms. According to Garlinghouse, the regulators in these countries are…
Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an Oct. 12 speech published on Oct. 17. Barr stated that there are heightened liquidity risks when traditional banks do business with crypto firms, as such banks could be exposed to liability from…
US lawmaker Tom Emmer has accused the Security and Exchange Commission (SEC) of “cracking down on companies outside its jurisdiction.” 🚨The SEC Director of Enforcement admits the SEC is cracking down on companies outside its jurisdiction. Absolutely unacceptable. pic.twitter.com/wRQU54Ov6v — Tom Emmer (@RepTomEmmer) July 19, 2022 In a subcommittee hearing on Investor Protection held on…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. Securities and Exchange Commission (SEC) Commissioner Hester Pierce believes that it is time for the regulator to approve a Bitcoin spot exchange-traded product (ETP). Speaking at an event about regulating the crypto space, Pierce highlighted the refusal of the SEC…
Belgium’s Financial Services and Markets Authority (FSMA) imposed new rules requiring crypto companies operating in the country to register with the watchdog and hold minimum regulatory capital. The new rule will require any virtual assets service provider (VASP) operating in the country to inform the FSMA of their activities before July 1 and apply for…
The International Monetary Fund (IMF) has released its quarterly Global Financial Stability Report, and there’s copious mention of cryptocurrency and its complex roles. In the report, the IMF discussed the widespread use of crypto assets in emerging markets to bypass “capital restrictions and sanctions” and called for global standards to prevent the usage of the…
Market data aggregator CryptoCompare has named Coinbase the most transparent and accountable crypto exchange in the world, per the firm’s latest report that ranked 150 trading platforms. According to CryptoCompare’s researchers, the Brian Armstrong-led exchange is closely followed by crypto platforms such as Gemini, Binance, and Bitstamp. /1 Today, we are delighted to release our #ExchangeBenchmark…
Following their failure to meet the new Crypto Regulations in South Korea, 37 crypto exchanges are billed for total closure. This was revealed by a report from The Korea Herald. 29 crypto exchanges gets certified You will recall that we reported about Korea’s new Act on reporting and using specified financial transaction information in the…