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US Regulations 2
21 Jan 23

CFTC commissioner questions FTX institutional investors’ due diligence

The Commodity Futures Trading Commission (CFTC) commissioner, Christy Goldsmith Romero, has questioned the diligence of FTX’s Venture Capitals, given that they did not provide any oversight even with the staggering levels of the now-bankrupt exchange’s poor and unskilled management. Romero’s tough questions Speaking to Bloomberg, the commissioner raised serious questions regarding the investors’ frame of mind […]
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Stellar
20 Jan 23

Stellar appointed as new CFTC blockchain advisor

The Stellar Development Foundation is reportedly going to become a member of a new advisory board established by the United States Commodity Futures Trading Commission. The CFTC will get guidance from the SDF about blockchain technology and digital assets as the SDF takes on a leadership role in the new body. Representatives from Stellar, the […]
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China
20 Jan 23

China’s digital yuan now supports smart contracts

Upgrades have been made to China’s Central Bank Digital Currency (CBDC), also known as the digital yuan or eCNY, including smart contract functionality and some recently disclosed use cases. Meituan food service platform deploys e-CNY smart contracts According to a Jan. 17 report by 8BTC, a Chinese app Meituan that provides retail and food delivery services […]
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19 Jan 23

Indian minister has no beef with regulated crypto

The Minister of Information Technology in India, Rajeev Chandrasekhar, said that there would be no problems using cryptocurrencies inside the nation provided the relevant regulations are adhered to. Chandrasekhar commented on cryptos while speaking at an event in the city of Bengaluru, located in the southern part of the country. He claimed that there is “nothing […]
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1673460343 334 Binance generic
19 Jan 23

FinCEN says Binance is largest Bitzlato counterparty

FinCEN, a US financial watchdog, recently released a statement that lists Binance exchange among Bitzlato’s top counterparties. This comes as Bitzlato undergoes regulatory scrutiny for illegal financial dealings.  Binance named in Bitzlato case In recent documents, Fincen revealed that the Binance exchange was among the top counterparties associated with Bitzlato. The statement by FinCEN noted […]
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cftc generic 1
19 Jan 23

CFTC issues warning on ‘self-certifying’ crypto products

A US Commodity Futures Trading Commission (CFTC) senior official plans to issue a warning against letting cryptocurrency exchanges self-certify and list products without prior oversight. The CFTC has always allowed exchanges to certify its other listings, such as commodities. Notably, lawmakers were considering a similar process as part of the proposed crypto legislation agreed upon […]
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Legislation Regulation generic 3 1
18 Jan 23

French crypto companies to be licensed by 2024 

Legislators at France’s National Assembly are planning to force crypto firms to apply for licenses starting Jan. 1, 2024. According to Daniel Labaronne, one of the caucus members responsible for the new legislation, the local Finance committee gives new entrants one more year to get the necessary registration and authorization. The latest attempt by the […]
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