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New York’s financial regulator issues new rules for stablecoins

The New York Department of Financial Services (NYDFS) has published a formal guidance for stablecoins in the state, laying out strict demands for issuers...

Charles Swap, a ‘big financial institution’, also plans to launch a cryptocurrency ETF

Charles Schwab, a multinational financial giant with a 50-year history, will also join the virtual asset exchange-traded fund (ETF). On the 3rd...

Report: Financial firms in Indonesia barred from facilitating crypto sales

With skyrocketing interest in virtual assets, Indonesia’s Financial Services Authority (OJK) has barred financial institutions from facilitating crypto sales, reports confirmed. In a translated social...

Financial authorities, Upbit, etc. First inspection of coin exchanges… Inspection of anti-money laundering

The financial authorities will conduct the first inspection of virtual asset (cryptocurrency) exchanges in the KRW market, such as Upbit, Bithumb, Coinone, and...

FTX releases regulation proposals’ list, as Financial Committee meeting draws near

The cryptocurrency industry in the U.S is reeling under intense regulatory scrutiny and uncertainty. Market participants have been waiting with bated breaths for financial...

The problem with the way regulators interpret financial privacy

In a recent announcement by the SEC, the regulator had noted that it has filed 434 enforcement actions in FY21, in the areas of...

Financial authorities accept reports of four coin market exchanges including Gopax, Probit, and Poblegate

The financial authorities have accepted the business reports of four virtual asset (cryptocurrency) exchanges, Gopax and Flybit. According to the financial authorities...

Anndy Lian: “Opening Banking is good. Defi is better. It can fill up the existing financial gaps.”

The modern-day, tech-savvy consumers’ demand for a more avant-garde service, gave rise to what’s now called the open banking revolution. And, it...

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