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New Zealand’s financial regulator has ruled that a local currency-tied stablecoin, NZDD, isn’t a financial product, a move a local law firm says is an important step toward regulatory clarity. The Financial Markets Authority (FMA) […]
Prediction market Kalshi has sued regulators in the US state of Iowa, claiming it did so as there was a risk of an impending enforcement action over its sports event contracts. Kalshi sued Iowa Attorney […]
Bank of England Deputy Governor Sarah Breeden told UK lawmakers that the central bank is open to alternative ways to manage stablecoin risks other than imposing holding limits. Speaking before the House of Lords Financial […]
Ghana’s securities regulator has given the nod to 11 crypto trading platforms to participate in its new regulatory sandbox program, its first major step in support of crypto after passing a law to provide the […]
Stephen Gregory, a former compliance executive at CEX.IO and Gemini, has taken over as CEO of Binance.US, a crypto exchange that was once a target of a long-running SEC lawsuit. Binance.US, the US affiliate of […]
Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in July would not give the agency the authority to guarantee stablecoin deposits. In remarks prepared […]
Wells Fargo has filed a trademark application for “WFUSD,” signaling the bank’s plans to enter the growing stablecoin market, according to a March 10 submission to the US Patent and Trademark Office (USPTO). The filing […]
The European Central Bank (ECB) on Wednesday published its Appia roadmap, setting out a long-term plan for building tokenized wholesale financial markets in Europe anchored in central bank money. The roadmap is built around two […]
US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, […]
The Department of Justice is investigating Iran’s use of Binance for alleged sanctions evasion after the exchange repeatedly denied wrongdoing. The US Department of Justice is reportedly investigating Iran’s use of Binance for alleged sanctions […]
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