Business

Retail-focused Singaporean CBDC to hedge against privately issued stablecoins

The Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the

Business

US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list

The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network for allegedly facilitating

Business

Fed board member to leave by 2022, leaving Biden to fill 3 seats

Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December.  In a Nov.

Business

Huobi Group is moving to Gibraltar following China crackdown

Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown.

Business

Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7

Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process.

Business

Kazakhstan Senate approves legislation regulating crypto service providers

According to new legislation passed by the upper house of the country’s national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money

Business

Regulators are coming for stablecoins, but what should they start with?

The word “stablecoin” may have a pleasant ring to it — isn’t it nice to have something stable in the volatile cryptoverse? — but for

Business

Acting CoC Hsu: More crypto regulation is needed

In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J Hsu called for greater regulation of universal

Business

Jack in the Box claims in court FTX US ripped off its character to create ‘Moon Man’

Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of

Business

The stablecoin scourge: Regulatory hesitancy may hinder adoption

The stablecoin market has been growing exponentially — from only $21.5 billion in mid-October of last year to $130 billion at the start of November;