UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market
Products would be available to professional investors while retail consumers remain banned, the regulator said.
Policy
Wyoming Grants DAOs New Legal Structure
Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an “oasis.”
Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
A Friday ruling doesn’t make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are.
Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau’s Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
U.S. Will Appeal Do Kwon’s Extradition to South Korea: Report
The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.
U.S. Fed Chair Powell Says ‘Nowhere Near’ Pursuing CBDC, Won’t Spy on Americans
Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.
Do Kwon Can Be Extradited to South Korea, Montenegrin Court Rules: Reports
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.
Nigeria’s Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
Nigeria’s SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
Nigeria’s government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market
Project Ensemble will “seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money,” HKMA said.