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Latest from Camomile Shumba
BoE's Andrew Bailey Nominated to Lead G20-Crypto Supervisor FSB
The G20 tasked the FSB with coordinating the delivery of a regulatory framework for crypto-assets.

OKX Fined $1.2M by Malta for Breaching Money Laundering Rules
The company was expected to assess the nature of risks prevalent in the services it was offering, the Financial Intelligence Analysis Unit said in a notice.

Galaxy Secures UK Approval for License to Expand Derivatives Trading
The company is on the Financial Conduct Authority's investment firms register which is for firms that are authorized to perform MiFID investment services.

BlackRock Secures UK FCA Crypto Registration
The world's biggest asset manager will be allowed to act as an arranger for iShares Digital Assets AG, who issue Exchange Traded Products.

U.S. Openness to Crypto Could Raise Risk Levels in TradFi, European Regulators Say
"This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors," an ESMA spokesperson said.

Australia Warns Crypto ATM Providers on Missing Anti-Money Laundering Checks
Australia has the highest number of crypto ATMs in the Asia Pacific region.

Crypto Bill to Combat Illicit Activity Gets New Push After Passing U.S. House in 2024
The House of Representatives legislation would set up a government group across the Treasury, Justice Department and Secret Service to head off bad actors.

UK Regulator Intends to Start Authorizing Crypto Firms in 2026
The FCA is creating rules for a new crypto regime.

Banks' Spot Crypto Holdings Continue to Collapse as Firms Move to ETPs
Global banks held $367 billion in crypto assets under custody in Q2 last year, data from the Basel Committee on Banking Supervision showed.

OKX Europe Acquires MiFID II-Licensed Company in Malta
The exchange recently obtained a Markets in Crypto Assets license in Europe.
