The UK Has Created Crypto Banking Problems
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.
Policy
Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.
UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy over the next 12 to 15 months.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of ‘Angels’: CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated.
Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report
The move comes in the wake of Silicon Valley Bank’s collapse and global lender volatility, the Australian Financial Review reported.
Circle Seeks to Register in France, Ramping Up European Play
The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.
FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings
The Caribbean arm is a mere shell to further Sam Bankman-Fried’s fraud, the company alleged.
Taiwan’s Crypto Industry Welcomes Regulatory Announcement
FSC chairman confirms that the island’s top financial watchdog will regulate crypto.
Former NY Regulator: Crypto Isn’t the Reason Why Signature Bank Was Closed
But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”
Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19.