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Regulations
US Bank Watchdog Says He’s Not Budging on Crypto Distrust
Michael Hsu, acting chief of the Office of the Comptroller of the Currency, is sticking to his guns on keeping most crypto activity out of the U.S. banking system.
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
"... [A]t least at some points in time, yields to existing investors were probably being paid with the assets of new investors."
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
The central bank digital currency could fail if it doesn't offer something more than what cash and credit cards do, industry representatives remarked.
UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister
Since 2021, Kwarteng has overseen the government’s business, energy and industrial strategy department, which has supported blockchain innovation.
With Crypto’s Blowups, TradFi Boasts Its Legal Rigor
Standard-setters say existing rules for lending traditional securities should apply to crypto, too.
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.
Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership
Truss has revealed little about her stance on crypto save for two statements that indicate she may be open to innovative-friendly regulation.
Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange
The west African country wants to create something similar to Dubai’s digital city.
House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
Internal plans to release a draft by this week were put off as the factions remain too far apart in negotiations, sources say.
Thailand Toughens Crypto Ad Rules
The rules now require crypto operators to display clear risk warnings on ads and prohibit the inclusion of false or exaggerated information about companies.
