G20 regulator to present global crypto rules in October 2022
The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.”
KPMG to audit new pound-backed stablecoin GBPT
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
US crypto regulation bill aims to bring greater clarity to DAOs
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs.
Binance ban off the cards, says Philippine trade and industry department
The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank.
PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher
Researcher Vivek Raman said that after the Merge, ETH inflation will be lower, security will be better and ETH will position itself as a digital bond.
Tether fortifies its reserves: Will it silence critics, mollify investors?
USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet?
Dutch bank ING sells digital asset tool Pyctor to GMEX
GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance.
Want a compelling use case for privacy blockchains? Look no further than dating
Businesses are in love with Web3 — but when it comes to this technology being used for dating apps, singletons might want to swipe left.
Terra crash highlights stablecoin risk to financial stability: ECB
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn’t fit for use in the real economy.
Crypto needs regulation to mitigate risks, says Bank of England exec
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted.