
Decentralized Finance
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...
CFTC says existing regulations sufficient for ‘crypto,’ pledges to crack down on DeFi
In a recent speech, CFTC Director Ian McGinley said the existence of DeFi exchanges is a threat to the markets...
IMF, FSB joint paper outlines digital asset policy recommendations
With the newly released joint paper, FSB and IMF encourage nations to "address data gaps necessary to understand the rapidly...
DeFi firms Opyn, ZeroEx, Deridex face charges over illegal retail commodity offerings
The CFTC charged three DeFi protocols for illegally offering leveraged retail commodity transactions, with the regulator claiming using smart contracts...
Treasury’s digital currency tax reporting rules aim to combat tax evasion in US
As the crackdown on tax evasion continues, the U.S. Treasury Department is lobbying for stringent regulations, which would include the...
Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime
The Crypto-Asset National Security Enhancement and Enforcement Act of 2023 will require decentralized finance (DeFi) services to abide by the...