Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange.
Decentral Block Post
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions.
Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers.
FCA highlights limited role as unregistered businesses continue to operate
Crypto.com has become the latest company to register with the United Kingdom's Financial Conduct Authority, while many continue to operate without approval.
Voyager creditors oppose $1.9M employee retention proposal
The creditors wrote that the employees are "already well-compensated" while its creditors struggle to pay their expenses.
Correlation growing between crypto and equity markets in Asia, says IMF
New data shows a 10-fold increase in the return correlations between Bitcoin and stocks in some regions.
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway.
Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops
South Korea has postponed its crypto gains tax on multiple occasions due to a lack of investor protection measures and regulatory guidelines.
Australia's new government finally signals its crypto regulation stance
Australian Treasurer Jim Chalmers said that his government will improve the way Australia’s system manages crypto assets and provide greater protections for consumers.
Are non-KYC crypto exchanges as safe as their KYC-compliant peers?
While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC.
Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters
Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.
United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer
Some users took to Twitter to bemoan what some are calling a continuing attack on privacy in the wake of the U.S. Treasury Dept.’s action against Tornado Cash.
FTX US among 5 companies to receive cease and desist letters from FDIC
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
Majority of the DeFi tokens traded in red with several registering double digit losses over the past week.
Huobi explains what went wrong with HUSD after stablecoin is back on track
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations.
Biden is hiring 87,000 new IRS agents — and they're coming for you
The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of your income level.
SBI lost 40% of hash rate after stopping mining in Russia: Data
After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country.