The bank says Congress should pair regulatory clarity with safeguards as Senate negotiates the Clarity Act. www.coindesk.com
Crypto
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Regulation
Brazil Proposes Mandatory 24-Hour Hold on Large Crypto Stablecoin Transactions
by shayaanby shayaanCentral Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank of Brazil has recently proposed a new measure …
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Finance
South Korea’s $518 billion AI chip push shows crypto is still losing the capital race
by shayaanby shayaanSK Hynix has become the dominant supplier of those chips, a position that made it South Korea’s most valuable listed company this …
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Markets
FundBank becomes IRACE Digital in bid to bridge traditional finance and crypto
by shayaanby shayaanThe institutional banking provider is expanding into digital asset custody, liquidity and execution services as former Zodia Custody CEO John Cronin takes …
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Regulation
ESMA Tells Unauthorized Crypto Firms to Wind Down as MiCA Deadline Hits in 3 Days
by shayaanby shayaanEU Regulator Orders Unapproved Crypto Firms to Halt New Clients as MiCA Deadline Looms The European Securities and Markets Authority (ESMA) has …
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The firm’s global general counsel, Peter Wilkinson, has taken over as CEO from Stephan Lutz. www.coindesk.com
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India’s Parliamentary Standing Committee on Finance will meet officials from the Reserve Bank of India (RBI) on July 2 to discuss the …
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Scams
CoinEx Denies ‘Knowledge’ of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
by shayaanby shayaanIn brief TRM Labs said it uncovered over $3.84 billion in crypto flows between CoinEx and more than 60 sanctioned Iranian platforms …
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Markets
SBI's $289 million Bitbank deal is symptomatic of Japan's crypto consolidation: Architect Partners
by shayaanby shayaanThe investment bank said the purchase of Japanese crypto exchange Bitbank is a bet on regulated scale as sweeping reforms reshape the …
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Regulation
JPMorgan opposes the CLARITY Act over crypto interest payments and regulatory differences
by shayaanby shayaanThe CLARITY Act has become the center of a debate in Washington, with banks, crypto companies, lawmakers, and industry leaders offering different …