Latest from Camomile Shumba
Tokenization Could Pose Risks to Financial System, FSB and BIS Warn
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.

UAE Region Ras Al-Khaimah Launches Framework for Decentralized Autonomous Organizations in Free Zone
The regime will enable DAO's to have tax optimization and legal clarity, Dr. Sameer Al Ansari, CEO of RAK DAO said in a statement.

Bitnomial Exchange Sues U.S. SEC, Alleging Regulatory Overreach
Bitnomial's action follows a similar suit filed by Crypto.com on Tuesday.

Binance Executive Tigran Gambaryan Denied Bail in Nigeria
The Binance executive has been detained in Nigeria since February.

Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice
The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

Coinbase to Delist Unauthorized Stablecoins in EU by December
Tether, which is the largest issuer of stablecoins, doesn't have the necessary e-money license yet in the European Union.

U.S. Judge Sides With SEC in Case Against Crypto Wallet Rivetz Over Sale of Unregistered Securities
United States District Judge Mark Mastroianni granted the SEC's motion for a summary judgement.

Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UK
This marks the first U.K. conviction for running a crypto ATM operation.

Japan Plans to Review Its Crypto Rules: Bloomberg
The review which will occur over the coming months could also pave the way for crypto exchange traded funds.

Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
Sorare was charged with violating the Gambling Act 2005 in the regulator's first move against a blockchain-based platform.
