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Regulations
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.
CFTC Charges Digitex Founder Adam Todd With Running Illegal Crypto Derivatives Trading Platform
The regulator said Todd failed to register his service as a futures trading platform with the agency.
Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says
Planned capital requirements for bitcoin could undermine financial reforms and make it harder to curb risks, a group representing the futures industry is to tell the Basel Committee on Banking Supervision.
Uzbekistan Introduces Monthly Fees for Crypto Companies Effective Immediately
The new regulations also require crypto custody platforms, mining pools and individual miners to pay monthly fees to the government.
Elon Musk Was Mulling Creating a Blockchain-Based Social Media Firm Before Offering to Buy Twitter
A series of text messages released as part of ongoing litigation over the failed Twitter deal reveals the billionaire's vision for a social media platform that would charge users to put short messages on a blockchain.
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
The first survey of its kind may influence crucial global standards on bank capital for crypto.
California Moves Forward to Allow Vital Records to be Issued on Blockchain
Governor Gavin Newsom signed a law this week that establishes a blockchain option for delivering individuals’ records, such as birth and marriage certificates
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.
Money Laundering via Metaverse, DeFi, NFTs Targeted by EU Lawmakers’ Latest Draft
An emerging compromise may subject those who govern decentralized autonomous organizations to extra requirements.
Peer-to-Peer Validation for Digital Euro Might Not Be Feasible, ECB Says
The central bank will soon start developing a rulebook for its CBDC initiative.
