UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business
The two suspects were interviewed under caution by the FCA and then released on bail.
Policy
Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters
Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector.
Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities
The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.
Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday.
Jump Crypto Adds $10M to Industry’s U.S. Political War Chest, Raising PAC to $169M
Jump Crypto put another $10 million into the U.S. political action committee (PAC) that’s seeking to rush as many pro-crypto members into Congress as possible to achieve legislation the industry is after, a spokesman for the PAC confirmed.
SEC Ends Probe Into Consensys, Won’t Sue Over Ethereum
The U.S. regulator closed its investigation into “Ethereum 2.0,” Consensys said.
IMF Says CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency
Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund’s (IMF) has said.
Patrick McHenry Explains FIT21’s Passage
Congressman Patrick McHenry (R-N.C.) chairs the powerful House Financial Services Committee, and has been the leading Republican on the panel for years. Last year, he spent a few weeks as the Speaker Pro Tempore of the House of Representatives, after lawmakers voted to oust then-speaker Kevin McCarthy (R-Calif.). McHenry announced his retirement in December and will leave office when his term expires this coming January. He spoke virtually at Consensus 2024 in Austin at the end of May.
FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
Crypto Trading Firm Cumberland Acquires New York’s BitLicense
The firm said it’s one of the only principal trading firms to hold the state’s crypto license.