International Financial News

Regulators across the world should investigate Big Four accountancy group PwC after its Australian arm leaked confidential information to score new clients, according to a senior politician in the country.

A unified electronic ledger, combining central bank digital currencies (CBDCs) and other tokenized assets, has the potential to enhance the global financial system, according to a report by the Bank for International Settlements (BIS).

Disgraced crypto lawyer Kyle Roche fell “victim to an elaborate international setup” that caused him to expose himself as corruptly beholden to Avalanche founder Ava Labs, reported the New York Times on Sunday. 

Legal and General Investment Management will open an office in Singapore later this year as part of a continued push by the UK's largest asset manager to grow its international footprint.

High-profile venture capital firm Andreessen Horowitz has chosen London for its first international office as it plans to build a UK crypto outpost.

As City leaders fear losing more listings to New York, international exchanges are also fighting hard to compete for IPOs.

Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.

In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future.

The largest U.S.-based cryptocurrency exchange launched the Coinbase International Exchange, which will be open to institutional investors outside the U.S., following tension with the Securities and Exchange Commission over the past few weeks. 

Amid regulatory struggles in the United States, crypto exchange Coinbase has decided to expand its business abroad with a global platform. Following the news, crypto community members expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future. 

Coinbase International Exchange will enable institutional users based in eligible jurisdictions outside of the US to trade perpetual futures, which accounted for nearly 75% of global crypto trading volume in 2022.The move comes as Coinbase locks horns with American regulators. Last month CEO Brian Armstrong said that "anything is on the table" about a potential decision to move the company's headquarters out of the US.Recently, the company also filed a suit against the Securities and Exchange Commission, asking a court to make the regulator respond to a petition from last year on the "rules to govern the regulation" of digital assets.Says a blog on the launch of the new exchange: "Rest assured that Coinbase is committed to the US, but countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as crypto hubs.

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with a global derivatives platform.

The Russian Central Bank has said it is prepared to allow trading firms to do international business in a controlled “experimental” environment.

The lack of international cooperation has made it challenging for regulators to effectively govern the sector. Different countries have their own approaches to regulation, leading to a patchwork of regulations that can be confusing for investors and businesses alike. However, recent developments suggest that international cooperation may be on the horizon.

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The U.K. government said it had struck a deal to join the Pacific trade alliance the U.S. exited under former President Donald Trump, as Britain looks to diversify trade away from Europe after Brexit. 

As part of today's celebrations of the International Women’s Day across the world, auction house Sotheby’s is hosting a benefit auction, titled 'My Body, My Business', which features a wide range of feminist artwork, including non-fungible tokens (NFTs), by both renowned and up-and-coming female artists. 

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GBBC Digital Finance announced Feb. 16 that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. The IOSCO is an international association that develops and promotes international standards for securities. 

The 50-year-old mastermind of a “vast” and “international” French crypto scam that duped at least 14 victims out of over $375,000 has been sentenced to four years in prison.