FARMINGTON, Wash. – Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country’s smallest banks. The bank, Farmington State Bank is an hour’s drive south of Spokane in Whitman County near the Idaho border. […]

Binance.US to Bid for Crypto Lender Voyager, CZ Confirms  CoinDesk Source link

WASHINGTON, Nov 16 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that crypto markets need more robust oversight, days after cryptocurrency exchange FTX collapsed. “The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and investors of crypto assets demonstrate the need for more effective oversight […]

FSB to Present Global Crypto Regulation Plan To Finance Ministers LightRocket via Getty Images U.S. dithering in creating clear rules for cryptocurrencies is putting European countries in the driver’s seat for deciding worldwide regulations as the world’s largest economies prepare to receive recommendations for how to proceed. The Financial Stability Board (FSB) is set to […]

Markets: Bitcoin rises but remains below US$20,000; Ether gains, XRP leads crypto top 10  Yahoo Finance Source link

The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency lender Nexo on Tuesday announced it has taken a stake in a federally-regulated U.S. bank, paving the way for the company to offer banking services to Americans as […]

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.comRegister Sept 23 (Reuters) – Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market […]

Leaders of the House Financial Services Committee continue to negotiate the terms of a proposed bill to regulate cryptocurrency, even as the window to act draws increasingly narrow heading into the midterm elections.

WASHINGTON, Sept 16 (Reuters) – Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew of lenders including U.S. […]

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein/Pool Register now for FREE unlimited access to Reuters.comRegister WASHINGTON, Sept 15 (Reuters) – An aggressive regulator is critical to maintaining […]

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