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Latest from Sandali Handagama
FTX Files Reorganization Plan to End Bankruptcy, Repay Creditors
Asset values for creditor claims will be calculated at prices on the day FTX filed for bankruptcy in November 2022, the plan says.
Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment
The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.
Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
This week, two of the country’s largest banks announced crypto initiatives.
Binance P2P Trading Platform Halts Ruble Support Following Russia Exit
Customers are free to withdraw or transfer funds and continue trading via Binance Russia's new owner CommEX, the company said Monday.
FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says
Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
The focus is now on gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
Regulators have been looking to increase supervision of crypto and mitigate risks posed by banks' exposure to crypto.
Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson
Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation," and didn't accuse it of misconduct.
Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Says
The regulator has brought enforcement actions against Coinbase and Robinhood.
Stefan Berger: The Man Who Made MiCA
He steered through the European Union's world-leading Markets in Crypto Assets Regulation (MiCA) this year in the aftermath of FTX and other scandals. He's now working on a digital euro.
