Bank of Canada: Bitcoin Only Use for “Illicit Transactions”
In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a central bank digital currency (CBDC)...
Treasury will warn White House that crypto needs major regulations
The US Treasury is expected to release four reports this months in which it will outline various economic risks from cryptocurrencies. It will create...
New Regulations Impacting Binance and Others
This was a busy week. New crypto related regulations and restrictions impacted some of the largest global crypto exchanges and users in Canada, U.K.,...
The Lummis-Gillibrand Act on Digital Assets Tabled
Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as a "regulatory framework for digital...
Fed Research Publishes Two Papers
The US Federal Reserve just published a pair of papers last week exploring two topics related to crypto: "The Financial Stability Implications of Digital...
Hong Kong About to Start Trials of its Central Bank Digital...
The Hong Kong Monetary Authority (HKMA) statd on Tuesday that it plans to start trials of its central bank digital currency (CBDC) in the...
New UK Crypto Rules for Sanctions
UK Treasury’s Office of Financial Sanctions Implementation updated its sanctions guidance on 30 August to explicitly include “cryptoassets” among those that must be frozen...
FinCEN Proposes Enhanced AML Rules for Non-Custodial Wallets
The Financial Crimes Enforcement Network (FinCEN) published a "notice proposed rule making" outlining the proposed rule that suggests that exchanges and other virtual asset...
