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Regulations
CBDC Impact on Banking Sector Could Be Manageable: New BIS Report
Three new reports by a BIS working group analyze policy options and practical implementation issues of a retail CBDC.

Pro-Crypto Senator Lummis Says Stablecoins Should Be Audited
A full audit would be more rigorous than the attestations the coins’ two top issuers have produced.

Crypto Exchange CoinJar Secures UK FCA Registration, Advocates For License in Australia
CoinJar UK joins a growing list of 10 other registered “cryptoasset firms,” including Gemini Europe Ltd.

Kraken to Pay $1.25M Fine After Settling Charges With CFTC
The CFTC alleged the exchange offered illegal margined crypto products without registering with the agency.

US Senators Propose Tracking Foreign Crypto Mining
The U.S. “must get a better handle” on how cryptocurrencies are used worldwide, Sen. Hassan said.

Crypto Regulation, Ransomware and OFAC’s Rise
The Treasury Department’s Office of Foreign Asset Control has quietly been very busy.

SEC Hints at Tether Probe in Records Request Denial
The U.S. regulator cited a law enforcement exemption in denying a Freedom of Information Act request about Tether, though this doesn’t necessarily mean any charges will be filed.

Biden to Nominate Crypto Critic as Top Bank Regulator: Report
Cornell University Professor Saule Omarova has criticized cryptocurrencies in the past.

Coinbase to Propose Crypto Regulations to US Officials: Sources
Coinbase is said to be working on a pitch to federal regulators on how to oversee the crypto industry.

US Sanctions Enforcer Blacklists a Crypto Exchange for First Time
The Treasury’s Office of Foreign Assets Control labeled Suex.io a “specially designated national,” putting the exchange in a category with suspected terrorists.
