Regulations
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
The report is part of the Fed and MAS's ongoing joint Project Cedar/Project Ubin research.
Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees
The New York Attorney General’s office said it reached an agreement for the trading platform to return fees to investors it overcharged and misled.
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
Cryptocurrencies will “never be legalized in Pakistan,” said Minister of State for Finance and Revenue Aisha Ghaus Pasha.
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
Republicans focused on the chances for legislative compromise while Democrats characterized their stablecoin positions as a deepening divide.
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
A Delaware bankruptcy court judge had previously denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.
UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.
Filecoin Price Drops After SEC Asks Grayscale to Withdraw Application to Make Trust Reporting
Grayscale announced last month that the SEC suggested FIL might be a security.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensibly suspended in 2022.
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
