Government Financial News

21.11 / 13:43

business Government regulation US court Celsius bankruptcy Celsius bankruptcy victims get proof-of-claim deadline from US court

The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline.

18.11 / 07:17

business Government Blockchain regulation Bahamian securities regulator ordered the transfer of FTX’s digital assets

The Securities Commission of The Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12.

17.11 / 17:19

business Government education Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next.

17.11 / 15:15

business Government Bitcoin Deal FTX acquisition no more: Canadian exchange Bitvo backs off the deal

The Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement with FTX to continue operating independently.

17.11 / 09:59

Government Blockchain regulation legislation Aussie treasurer promises crypto regulation next year amid FTX debacle

The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week.

16.11 / 05:49

Government Blockchain regulation FTX Australia's license suspended as 30K Aussies left in the lurch

Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000 Australians and 132 Australian companies get their funds back from FTX.

16.11 / 02:41

Government Law SEC consequences Will SBF face consequences for mismanaging FTX? Don’t count on it

Will former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?

15.11 / 23:47

Government Insurance Backed Agency FDIC acting chair says no crypto firms or tokens are backed by agency

Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens.

15.11 / 01:15

Government Insurance President Biden announces pick for FDIC chair

United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation, or FDIC, acting chair Martin Gruenberg to assume the position as part of a five-year term.

14.11 / 12:21

Government Adoption White Paper Bitcoin Bukele El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to see through the fog while pushing forward their vision for financial freedom.

13.11 / 14:39

Government Adoption regulation Hong Kong to avoid FTX-like scenario through transparency and supervision

Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transparency and proper supervision when dealing with virtual assets.

08.11 / 09:23

Government Blockchain Scams NOT ‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam

Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam," amid a detected rise in crypto-related investment scams this year.

05.11 / 00:57

Government regulation FinTech OCC makes its staff available for fintech-related discussions

The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss financial technology.

04.11 / 20:43

Government NFT regulation lawmakers open UK lawmakers open inquiry into NFT regulation — 'there are fears that the bubble may burst'

Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and blockchain on the country’s economy.

04.11 / 17:23

Government Adoption US election US Election update: Where do the pro-crypto candidates stand ahead of the election?

The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be running. According to media reports, cryptocurrency lobbyists and political action committees have poured millions of dollars into select campaigns, and extensive polling has shown crypto to be on voters’ minds.

04.11 / 05:49

business Government Blockchain Terraform Labs South Korean prosecutors accuse Do Kwon of manipulating Terra's price

A local report from South Korea claims that the country's prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC).

04.11 / 04:19

Government Law Stablecoin Canada to examine crypto, stablecoins, and CBDCs in new budget

The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.

03.11 / 21:01

Government regulation DAO Agency Japan's Digital Agency launches DAO to explore DAOs and Web3

The Digital Agency of Japan, aimed at harmonizing nationwide initiatives related to digital transformation, has launched a research decentralized autonomous organization, or DAO, targeting Web3.

03.11 / 17:25

Government Law Adoption The state of crypto in Southern Europe: Malta leads the way

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia.

02.11 / 16:23

business Government Stablecoin Bitcoin Union Bank Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.

02.11 / 16:19

business Government interview ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe

The global decentralized finance (DeFi) market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions still tend to be unaware of DeFi’s potential.

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