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Regulations
Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
Changpeng Zhao said Binance will continue working with other stablecoin issuers, and that he’s skeptical about claims Circle raised alarm bells with regulators.
SEC Case Against Bankman-Fried Postponed Pending Criminal Trial
Charges can wait until the Department of Justice’s case against the FTX founder concludes, a judge said.
Sam Bankman-Fried’s Super Bowl VPN Use Prompts Government Concern
U.S. prosecutors worry he could use the privacy tool to access foreign crypto sites or the dark web while on bail.
Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
Federal banking regulators seem to have free rein over crypto's U.S. destiny – and they're using their power to push it out of banking.
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg
The report comes amid mounting regulatory concerns for Paxos.
Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters
The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.
France to Tighten Crypto Registration Rules Next January
The plan, set to be endorsed by the National Assembly and Senate, veers away from a proposal to require a license as of October
Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft
Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules.
UAE Plans to Issue a CBDC to Promote Digital Payments
The deployment of a digital dirham is one of nine key initiatives of the UAE's new Financial Infrastructure Transformation Program.
