Robinhood crypto division slapped with $30m penalty
Robinhood Crypto has been given a $30m penalty by the New York Department of Financial Services for violations of cyber and money laundering regulations.
CBDCs could be the ‘holy grail’ of cross-border payments, claims ECB
A new paper by the European Central Bank (ECB) has said CBDCs could be the answer to a ‘thousand-year search for the holy grail of cross-border payments’.
EBA warns drain of talent will impact regulation of crypto
A chair of the European Banking Authority (EBA) has said European regulators are facing challenges in finding talent to help regulate the cryptocurrency industry.
Is the crypto crash a failure of regulation?
The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure to regulation to blame?
Crypto firm Meow bags $22m in Series A
Meow, a compliant crypto yield offering for corporate treasuries, has scored $22m in a Series A funding round.
Will CBDCs deliver major social change?
A recent study by Ripple has found that over 70% of respondents across five global regions believe central bank digital currencies (CBDCs) could deliver major social change in the next five years.
Delio launches as South Korea’s first cryptocurrency bank
Delio, a digital finance platform, has introduced the first cryptocurrency bank to be launched in South Korea.
Fed Vice Chair calls for quick action on crypto regulation
The cryptocurrency industry needs strong regulation before it becomes so pervasive it poses financial stability risks, claims Federal Reserve Vice Chair Lael Brainard.
Bank of England calls for greater crypto regulation
Following recent market turmoil, The Bank of England’s Financial Policy Committee has called for enhanced regulation of the crypto asset market.
MAS refuses to rule out further regulatory restrictions on crypto
The Monetary Authority of Singapore (MAS) has claimed it will not rule out adding further restrictions on retail crypto-traders as well as amending existing legislation.
