New Report Focuses on Digital Custody Needs of Investors Investors prefer an “institutional-grade infrastructure” for their crypto and other digital assets but securities firms will need time before they can provide that level of support, according to a new report from research firm Coalition Greenwich Market. The report, “Providing Digital Asset Services: An Institutional Infrastructure… Read More >>
FSB Pushes Global Regulatory Framework for Crypto
The Financial Stability Board (FSB) has published a proposed framework for the international regulation of crypto-asset activities. Elements of the FSB’s proposed framework include “recommendations that promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-asset activities and markets and strengthen international cooperation, coordination and information sharing; and revised high-level recommendations for… Read More >>
Nasdaq Overhauls Its Corporate Structure & Other News
Nasdaq Sets Up Three New Divisions Nasdaq has announced that it is reorganizing its business units into three divisions that better reflect “the foundational shifts” of the global financial system and will help the exchanges company better serve client needs. The three new business divisions are Market Platforms, Capital Access Platforms, and Anti-Financial Crime, officials… Read More >>
Crypto’s Winter Eases Some Related Crime Levels: Report
Cryptocurrency markets have been having a tough time. Bitcoin, the best known coin in the crypto piggy bank, traded at an all-time high of over $65,000 per coin November 2021, according to data compiled by Statista. But that was then. Earlier this month, Celsius Network, a crypto “bank,” filed for bankruptcy after its customers lost an… Read More >>
Canada Puts Crypto-Trading Platforms on Notice
During this winter of discontent and falling values for the crypto world, many are waiting for the regulators in the U.S. and elsewhere to solidify the rules of the road. Industry participants are looking to SEC Chair Gary Gensler, the CFTC, the Fed, U.S. Senators, E.U. agencies, and multinational organizations to coordinate a response or… Read More >>
Titanium CEO Pleads Guilty to $21M Crypto Fraud
Is $21 million scammed from would-be cryptocurrency investors worth up to two decades behind bars? The 54-year-old chief executive officer of Titanium Blockchain Infrastructure Services Inc. (TBIS) might have the next 20 years to ponder his answer to that fraught question. He’ll probably learn much more about his fate on November 18 of this year,… Read More >>
FINRA May Hire More Crypto Crime-Fighters
FINRA appears to be in the market for crypto crime-fighters just as pioneering cryptocurrency players have laid off significant percentages of their workforce as the crypto crash/winter takes hold. The crypto slump has been underway for weeks and has driven down the value of Bitcoins and other cryptocurrencies amid volatile markets rocked by inflation, war, interest… Read More >>
SWIFT & Capgemini Explore ‘Disruptive’ CBDCs: Q&A
(Unregulated cryptocurrency markets are crashing and financial market participants are looking toward regulation and particularly the establishment of central bank digital currencies (CBDCs). Digital currencies controlled by central banks hold the promise of new protections for crypto-, tokenized, and other digital assets, Last month, officials at the SWIFT financial services messaging and systems cooperative and… Read More >>
Crypto Scams Rob Investors of $575M: FTC
Some day digital fraudsters tricking regular folks out of their hard-earned money by promising a big-bucks payday for only a few hundred (or a few thousand) up front will spend a lot of hours inside courtrooms. And a lot of dollars on high-priced lawyers paid to get them out of their legal jams. Today is… Read More >>
CFTC Sues Gemini Over Bitcoin Futures Offering Data
The Commodity Futures Trading Commission (CFTC) is suing Gemini Trust Company, based in New York City, alleging that in 2017 the cryptocurrency exchange made false or misleading statements to the CFTC about the self-certification of a bitcoin futures product. The regulator has filed a complaint in the U.S. District Court for the Southern District of… Read More >>
