Regulators Object to Celsius’ Stablecoin Sale Request
- The Department of Banking and State Securities Board of Texas, as well as the Vermont Department of Financial Regulation have all objected to Celsius’ plans to sale its stablecoin holdings.
- All three agencies noted the company had failed to provide sufficient details about what it would do with the proceeds from the sale.
a day ago
Shutterstock
Crypto.com Receives Regulatory Approval in France
- Crypto.com was registered as a Digital Asset Service Provider, which is mandatory for any company that provides crypto custody or trading services in France.
- In order to receive regulatory approval, Crypto.com was subject to rigorous review of its processes, particularly around AML and CFT.
September 28, 2022, 1:18 PM
Shutterstock
FTX US Wins Bid for Voyager’s Assets
- The deal was valued at $1.4 billion, with $1.3 billion representing the fair market value of Voyager’s crypto holdings, and an additional consideration of $111 million.
- While the terms of the deal are yet to be revealed, the proposal will be submitted for approval in front of the U.S. Bankruptcy Court on 19 October.
September 27, 2022, 10:31 AM
Sam Bankman-Fried, CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance
Australia to Completed CBDC Pilot in Q1 2023
- The Reserve Bank of Australia is looking for industry participants to make submissions of CBDC use cases it can test during its eAUD pilot.
- Selected use cases will be announced in December, while the actual CBDC pilot will start in January and end in April, with its results being published in the “middle of 2023”.
September 26, 2022, 5:38 PM
The famous Sydney Opera House at sunset, Sydney, Australia, 15 November 2016. Taras Vyshnya/Shutterstock
Sep 20, 2022
Alameda Research to Repay $200M Loan to Voyager Digital
- Alameda was given until 30 September to repay its debt to Voyager, which includes 6,553 BTC, 51,204 ETH, and smaller amounts in seven other tokens.
- Once the transaction is completed, Alameda will receive $160 million worth of tokens it used for the collateral, comprised of 4,650,000 FTT and 63,750,000 SRM tokens.
Sep 19, 2022
FTX Listed as Unauthorized Firm in U.K.
- The Financial Conduct Authority has warned investors that crypto exchange FTX “may be providing financial services without authorization” in the U.K..
- A spokesperson for FTX said the exchange believed it was impersonated by a scammer, as the phone numbers provided by the FCA were not connected to it.
Sep 16, 2022
White House Publishes Framework for Digital Assets Development
- The White House published a fact sheet which summarized the reports from 9 federal agencies used to develop its framework and policies for digital assets.
- The reports not only called for more regulatory guidance for crypto companies, but also emphasized the importance of a potential U.S. Central Bank Digital Currency.
Sep 16, 2022
SBI’s Digital Asset Arm Receives License in Singapore
- The Monetary Authority of Singapore has granted a Capital Markets Service license to SBI Digital Markets, the crypto subsidiary of financial giant SBI Holdings.
- SBI DM now plans to launch a digital asset securities platform, as well as provide custody, capital markets products, and corporate finance advisory services in Singapore.
Sep 6, 2022
U.K. Regulators Find Faults in Revolut Audit
- The U.K. accountancy and audit regulator noted that Revolut’s audit was “inadequate”, and had “high risk of an undetected material misstatement”.
- The Financial Reporting Council has also concluded that the payment app needs to improve its back office and controls, as it needs the “control environment of a bank”.
Aug 30, 2022
Fireblocks Launches DeFi and NFT Support for Solana
- The integration was made possible through Fireblocks’ Web3 Engine, a suite of developer tools designed for optimized security.
- Fireblocks’ users will now have direct access to Solana’s rich ecosystem of DeFi, NFT, and Web3 applications.