Financial Financial News
26.07 / 20:29
cryptocurrency
Financial
Financial markets unaffected by crypto sell-off, says IMF
Even as the global economy is battered by the war in Ukraine, rising energy and food prices, and supply-demand imbalances feeding worldwide inflation, the broader financial markets have remained largely unaffected by the sell-off in the cryptocurrency market over the last couple of months, according to the International Monetary Fund (IMF).
26.07 / 02:23
UPS
FIVE
Continental
services
Financial
The UK is ripping up the EU trading rulebook — five key takeaways of the Financial Services and Markets Bill
The UK government dropped its flagship legislation that would change many of the rules governing Britain’s financial markets.
20.07 / 22:55
Stablecoin
regulation
legislation
Financial
UK financial markets bill authorizes regulation of stablecoins, service providers
The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.
20.07 / 14:21
business
Investments
coinbase
Asia
Suspends
Withdrawals
Financial
Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors
Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a "combination of circumstances" beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase.
19.07 / 21:07
regulation
Venture Capital
Terra
Financial
Singapore's financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation.
19.07 / 13:39
European Union
Kyiv
Heatwave
Financial
Ukraine won't default but financial situation is 'dire,' warns EU ambassador to Kyiv
Ukraine is not likely to default on its foreign debt, but the financial situation inside the war-torn country is 'dire' and requires urgent foreign aid to make up for a monthly budget shortfall worth €5 billion, the EU's ambassador to the country has warned.
18.07 / 23:27
European Union
CLIMATE CRISIS
Heatwave
Financial
Brussels defends sanctions, while pledging more Ukraine financial aid
EU foreign affairs ministers have agreed to give another €500 million to Ukraine, providing Kyiv with more firepower to stop the Russian offensive.
18.07 / 16:01
16.07 / 00:35
Government
regulation
SEC
Lee
Financial
SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga
Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.
15.07 / 21:19
Blockchain
Ethereum
Stablecoin
Bitcoin
services
Financial
DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous months this year.
14.07 / 22:45
Law
regulation
International
Financial
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies.
14.07 / 22:11
14.07 / 13:53
Adoption
regulation
Bitcoin
Financial
South African exchanges welcome the new 'crypto is financial asset' ruling
South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country.
14.07 / 09:33
business
Blockchain
Adoption
MasterCard
inclusion
Financial
Mastercard partners with Indonesian crypto gateway to drive financial inclusion
Financial services firm Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy.
13.07 / 14:17
Adoption
regulation
Bitcoin
NOT
Financial
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation.
13.07 / 13:29
BLOCK
Digital
Platform
WSJ
Bitcoin
Financial
Celsius is "Deeply Insolvent", Says Vermont's Financial Regulator
Celsius Network is «deeply insolvent», Vermont's Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations to customers and creditors as it does not have the assets and liquidity to do so.
13.07 / 12:37
Lowe's
Boeing
Bitcoin
Financial
Crypto needs regulation — technology can't remove all financial risks, BOE's Cunliffe says
Regulators need to «get on with the job» of bringing the use of crypto technologies within the «regulatory perimeter,» says Jon Cunliffe, Bank of England's deputy governor for financial stability.
13.07 / 10:39
Fallout
financial stability
Financial
Commodities and crypto fuel growing financial stability risk, watchdog warns
The continued fallout of the Ukraine war and crashing crypto are creating heightened financial stability risks, the Financial Stability Board of international regulators warned.
11.07 / 13:53
Stablecoin
regulation
European Union
ECB
financial stability
Financial
Terra crash highlights stablecoin risk to financial stability: ECB
The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system.
08.07 / 20:01
regulation
Financial
Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority.
08.07 / 13:25
Twitter
Extreme
CEO
Fallout
network
Financial
Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement
A former investment manager at Celsius Network filed a lawsuit against the popular crypto lending firm on Thursday, claiming that the firm involved itself in market manipulation and failed to create basic accounting controls to safeguard customer deposits.
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