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Regulations
Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters
Singh joins fellow ex-FTX executives Caroline Ellison and Gary Wang in pleading guilty to charges. Founder Sam Bankman-Fried has pleaded not guilty to fraud and other charges and will face trial this fall.
Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS
The Basel Committee on Banking Supervision endorsed in December rules that a bank's exposure to certain cryptocurrencies must not exceed 2%.
DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe
The Bank of England is experimenting with tokenizing assets for real estate sales as well as developing a digital pound, lawmakers were told.
In Creating Better Web3 Experiences, Developers Must Anticipate Regulatory Scrutiny
New products must overcome both technical and regulatory hurdles.
UK Banking Regulator to Propose Rules on Issuing, Holding Crypto
The U.K. government recently released a consultation on regulating the industry and a potential central bank digital currency.
Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense
New bills to set up a digital assets regulation in Illinois are supported by the local regulator, as states continue to surge ahead of U.S. agencies on cryptocurrency efforts.
Tel Aviv Stock Exchange Plans to Let Customers of Its Nonbank Members Trade Crypto
The exchange is trying to meet the demand for digital assets while mitigating the risks.
Global Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings
The paper is expected to be ready by September.
EU Metaverse Policy Should Consider Discrimination, Safety, Data Controls: Commission Official
The European Commission plans to set out policy on virtual worlds in May.
FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms
The global financial crime watchdog's plenary, made up of 206 members including observer organizations like the UN, also agreed to take stock of what jurisdictions have been doing so far.
