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Regulation
IMF MD asks for global preparation for central bank digital currencies (CBDCs)
IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival.
CBDCs are a potential cash replacement,…
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Dubai’s crypto regulator VARA switches leadership as it ramps up operations
Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale market operations” in 2023. In a statement sent to Cointelegraph,…
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Germany’s Commerzbank obtains crypto custody licence
Commerzbank has become the first full-service bank in Germany to receive regulatory approval for a crypto custody…
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Opyn DeFi protocol founders are leaving crypto after CFTC crackdown
Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,” according to a statement from Koticha posted to social media on Nov. 14. The…
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US House FSC to discuss illicit activity in crypto at upcoming hearing
The United States House of Representatives Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into illicit activities in the cryptocurrency ecosystem. The “Crypto crime in context: breaking down the…
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Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina
Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.The proposed legal framework was pitched by…
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Indian Supreme court rejects crypto petition, highlights legislative nature
The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India.According to a report, the bench headed by the Chief…
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Genesis seeks court’s approval to reduce Three Arrows Capital claim from $1B to $33M
Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with imploded crypto hedge fund Three Arrows Capital (3AC).According to a court filing on Nov. 9, Genesis argued that the 3AC debtor…
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Proof of Stake Alliance updates recommendations for staking providers
The Proof of Stake Alliance (POSA), a nonprofit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9.Previous version of the POSA staking principles.…
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How to manage crypto losses on tax returns in the US, UK and Canada
Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders…
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