[ad_1] FTX’s efforts to claw back customer funds are continuing. Alameda Research and FTX filed suit on July 19 seeking the return of $71.6 million in allegedly commingled corporate and customer funds related to investments
[ad_1] The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of a Digital Sandbox aimed at supporting tech firms in the early stages of product development. In a July 20 announcement, the FCA
[ad_1] On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal
[ad_1] The United Kingdom government has rejected a proposal made by the U.K. Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, stressing that it “firmly disagrees” with the Committee’s stance.
[ad_1] Digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood’s ARK Invest in the second quarter of 2023. According to ARK’s latest quarterly ETF Report issued on
[ad_1] The Federal Reserve of the United States clarified that its new service for instant payments between organizations — FedNow Service — has no relation with central bank digital currencies (CBDCs). The Federal Reserve certified
[ad_1] The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC). On July 18, Kuwait’s main financial regulator, the Capital Markets Authority (CMA), issued a circular on
[ad_1] Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed. On July 19, People’s
[ad_1] United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto space in the regulator’s 2024 budget request. In prepared
[ad_1] United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance
