Paxos International to issue regulated interest-paying stablecoin

The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States.

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Mastercard joins forces with US banking titans for tokenized settlement trials

The partnership between significant banking giants in the U.S. and Mastercard aims to streamline multiple asset-class settlements on a shared ledger platform.

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UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)

UK Finance is launching an experimental phase to explore the UK Regulated Liability Network's potential in payment-upon-delivery, homebuying process improvements, and digital bond settlement, aligning with Project Rosalind. (Read More)

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Regulated Stablecoins Likely to Remain in Use by 2030

A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the market supports this idea. The panelists acknowledged the growth of the crypto industry and emphasized the importance of both centralized and decentralized approaches to digital assets. (Read More)

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Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions

On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.” Ledger Targets [...]

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Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry

Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that it’s quite possible that the FTX

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Cryptocurrency Regulation: Is Regulation Good for Crypto?

Future of cryptocurrency regulation: what happens when crypto is regulated? Is regulation good for cryptocurrency?

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17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry – Bitcoin News

On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated […]

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Fed Governor Waller Endorses Regulated Stablecoins to Strengthen US Dollars International Influence

Federal Reserve Governor Christopher Waller has expressed his approval of stablecoins, emphasizing their potential to improve the efficiency of payment systems. Waller highlighted the benefits of stablecoins, noting their ability to facilitate faster and cheaper transactions compared to traditional banking methods. In a speech delivered at a virtual event hosted by the American Enterprise Institute, [...]

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Hybrid crypto exchange GRVT secures Bermuda license

CeFi and DeFi ecosystems don't need to be divided as regulation is well-positioned to help DEXs improve universal standards, the GRVT CEO said.

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Deutsche Bank builds L2 blockchain on Ethereum: Bloomberg

Deutsche Bank is building a layer-2 blockchain on Ethereum using ZKsync to enhance compliance in regulated finance.

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Tradias secures funding, BaFin license, eyes European expansion

The Bankhaus Scheich subsidiary got its own BaFin license after using the parent companys for several years.

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Hong Kong makes HKVAX third licensed retail crypto exchange

HKVAX  is the first to be licensed under the regions new licensing regime, as 16 more exchanges wait.

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OKX secures full UAE license, opens retail and institutional trading

The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.

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Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area of ​​financial institutions” and is in violation of the country’s Financial [...]

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INX to Issue SEC-Regulated CCNA Token, Emphasizing 'Future of Green Automotive Transportation and Logistics' Concept

INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 5, 2023, its facilitation of the primary capital raise and issuance of Convertible Concepts Corporation's CCNA Token. (Read More)

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FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer and anti-money-laundering checks.” FTX’s European Arm Opens Withdrawals to Customers According to a press release published on Friday, [...]

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