Australia revokes FTX subsidiary’s license
Nine months after it imploded, ASIC revoked the FTX Australia license but will allow it to offer limited services for a year to wrap up customer claims.
Nine months after it imploded, ASIC revoked the FTX Australia license but will allow it to offer limited services for a year to wrap up customer claims.
Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current enforcement actions are still incomplete.
Once Indonesia's national exchange goes live, all digital currency transactions must be processed through the exchange, according to Bappebti Chief Didid Noordiatmoko.
The FCA disclosed that the incoming rules would focus on the social media promotion of digital and other financial assets, keeping an eye on using memes on social media platforms.
The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and established the right of the central bank as the primary issuer of the CBDC.
A three-day meeting held in Gandhinagar, India, saw discussions on the protection of local investors and the financial integrity of national economies from digital currency risks.
The recommendations from the Financial Stability Board include fostering cross-border regulatory collaboration, improved disclosures of digital assets, and providing legal claims on stablecoins for prompt redemption.
Readers should let Temasek's $275M loss be a cautionary tale: nothing is as it seems in the 'crypto' industry, as those it paints as heroes are often wolves in sheep's clothing.
SEC Commissioner Kelvin Lester Lee notes that investor protection is the state agency's priority in enforcing the latest rules governing "cryptos," which include heightened monitoring of unlicensed exchanges.
Despite the exit of popular digital exchanges from Japan, industry stakeholders argue that the country is setting the pace for healthy digital currency regulation in other nations globally.
The new disclosure requirement is geared toward creating "more consistent and clear information about companies that issue or hold virtual assets," according to the Financial Services Commission.
U.K. spokesman for the digital economy Timothy Clement-Jones argues that failing to include environments such as the metaverse in the Online Safety Bill would be to fail British children.