Do bitcoin developers have a fiduciary duty to bitcoin owners? A company managed by the infamous Craig Wright claimed so. The main claim boiled down
UK crypto hub plans; criticism on EU KYC plans; Binance not subject to US fed. securities laws, says court; and UK court finds no fiduciary
After the DeFi reports from the OECD and the Financial Stability Board earlier this year, there’s a new kid in town: IOSCO’s DeFi report. IOSCO
DeFi copies TradFi risks, says IOSCO; next EU battle = KYC; more trouble for interest-bearing crypto products in US; Dubai gets crypto.com hub; de-banking lawsuit
Russia U-turn on crypto? EU MiCA close to fast-track, India nears crypto tax vote, OECD releases crypto tax consultation, are DAOs an existential threat to
EU Parliamentary committee votes on MiCA draft; UK FCA warns Bitcoin ATMs; Ukraine adopts Virtual Assets Bill; Israeli banks cannot flatly refuse crypto clients; Guernsey
Do bitcoin developers have a fiduciary duty to bitcoin owners? A company managed by the infamous Craig Wright claimed so. The main claim boiled down
UK crypto hub plans; criticism on EU KYC plans; Binance not subject to US fed. securities laws, says court; and UK court finds no fiduciary
After the DeFi reports from the OECD and the Financial Stability Board earlier this year, there’s a new kid in town: IOSCO’s DeFi report. IOSCO
DeFi copies TradFi risks, says IOSCO; next EU battle = KYC; more trouble for interest-bearing crypto products in US; Dubai gets crypto.com hub; de-banking lawsuit
Russia U-turn on crypto? EU MiCA close to fast-track, India nears crypto tax vote, OECD releases crypto tax consultation, are DAOs an existential threat to
EU Parliamentary committee votes on MiCA draft; UK FCA warns Bitcoin ATMs; Ukraine adopts Virtual Assets Bill; Israeli banks cannot flatly refuse crypto clients; Guernsey
In a speech today, the head of the Bank for International Settlement’s (BIS) Innovation Hub, Benoît Cœuré, urged a sense of urgency around central bank digital currencies
The U.S. Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins —
Cryptocurrencies are not yet a threat to the financial system, but the dangers are growing TWELVE YEARS after bitcoin was born, governments are still struggling
Regulators held high-level talk on risks posed by stablecoins Tether’s commercial paper holdings are being scrutinized Tether and the Facebook Inc.-backed Diem token were a
The central bank is “quite worried” about global financial risks from digital currencies, particularly so-called stablecoins, Fan Yifei, a deputy governor of the People’s Bank
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak. Read
The UK central bank boss continues to bash Bitcoin—but has his eye on stablecoins. In brief The Bank of England’s boss has again said Bitcoin
Quick Take Group of 7 finance ministers and central bank officials met this week in London. Among the issues raised were central bank digital currencies
Source: Jake Chervinsky, Crypto Law & Policy Newsletter, Q1 2021 in Review. The industry made progress toward mainstream adoption of stablecoins as the OCC authorized
Source: Jake Chervinsky, Crypto Law & Policy Newsletter, Q1 2021 in Review. The NYDFS investigation into USDT finally came to an end with a settlement
