If $600Million was stolen from a Financial Institution the repercussion would be felt far and wide. The breach occurred on the 23rd March and discovered on the 29th March. I hope that they are able to recover the assets. The…
The SEC has announced its examination priorities for 2022, that is in line with the communications by the SEC made to markets over their concerns relating to investment funds and advisors, ESG, information security and resilience, and crypto assets. As…
The deadline for crypto firms to register with the UK Financial Conduct Authority, if they wish to continue trading in the UK if approaching. Figures in the article indicate that 80% of firms assessed to date have either withdrawn their…
The EU has moved a step closer to regulating crypto assets, following a EU Parliamentary committee vote this week, with 31-4 in favor of a new draft of the Markets in Crypto Assets (MiCA) framework, with 23 abstentions. The committee removed a provision…
The next challenge for crypto, with a call to ban all Russian related transaction being resisted by some exchanges. ‘The discussion in Europe comes as lawmakers in the US and UK also raised concerns that crypto transactions could become a…
There is general agreement of the need for global standards for crypto currency regulation. But there is some way to go before a consensus is reached on what that means, how it could be implemented and enforced. View Original Post…
The G20 came together last weekend and one subject seems to have united them, crypto assets and accepting the recent findings from the FSB report on Assessing the risk to financial stability of crypto assets. With acceptance that current gaps…
This report is an important read. The Financial Stability Board (FSB) published this week its assessment of the risks of crypto assets on financial stability. The FSB is a globally influential body, aiding in the setting of global regulatory standards.…
This is a very informative read on the recent $100Million SEC fine of BlockFi. Highlighting the challenges ahead for the DeFi market place as the SEC move ahead with regulation of the Crypto sector. Will this have an impact on…
BlockFi agrees to pay $100M in Penalties and Pursue Registration of its Crypto Lending Product. The Securities and Exchange Commission (SEC) today charged BlockFi Lending LLC with failing to register the offers and sales of its retail crypto lending product.…
