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Latest from Camomile Shumba
UK Shuts Down Temporary Crypto Company Licensing Program
The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.
Uzbekistan Introduces Monthly Fees for Crypto Companies Effective Immediately
The new regulations also require crypto custody platforms, mining pools and individual miners to pay monthly fees to the government.
Bank of England Deputy Governor Says Existing Financial Regulations Should Extend to Crypto
Jon Cunliffe says rules should be put in place before the digital-asset industry becomes large enough to threaten broader financial stability.
ECB Exploring Distributed Ledger Technology for Interbank Settlements: Panetta
A system that builds on existing interbank settlement infrastructure instead of one based entirely on DLT can be implemented "more rapidly" according to ECB executive board member Fabio Panetta.
UK Introduces Law to Seize, Freeze and Recover Crypto
The Economic Crime and Corporate Transparency bill is meant to build on an earlier law that helped regulators place sanctions on Russia.
S. Korean Watchdog Says $7.2B Transfered Overseas Mainly Through Crypto Exchanges: Report
Majority of the transfers were in U.S. dollars and most of the funds were transfered to Hong Kong, according to the report.
Crypto Remains a Priority for UK Under New Leader, Drawing Industry Excitement
Industry advocates in the country worried previous finance minister Rishi Sunak's crypto plans wouldn't pan out, especially after his recent defeat in the race for prime minister.
Binance Secures License in Dubai to Offer More Crypto Services
The exchange had previously secured a license to offer limited crypto exchange products and services to qualified investors in Dubai.
El Salvador's Debt Rating Cut to CC by Fitch
The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.
South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report
The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.
