Tag: Financial services industry
Coinbase UK Fined $4.5 Million for Customer Breaches – CoinJournal
Coinbase UK, a subsidiary of the Coinbase Group, has been fined £3.5 million ($4.5 million) by the Financial Conduct Authority (FCA) for repeatedly breaching anti-money laundering regulations. This marks the first time the FCA...
Boosting Hong Kong’s Financial Market Infrastructure: CMU OmniClear & HKEX Partnership
In a recent development poised to bolster Hong Kong's financial market infrastructure, CMU OmniClear Limited, a subsidiary of the Exchange Fund, and Hong Kong Exchanges and Clearing Limited (HKEX) have inked a Memorandum of...
US Banks Now Allowed to Custody Bitcoin as SEC Retires SAB 121
US Banks Now Permitted to Custody BitcoinIn a groundbreaking development, the US Securities and Exchange Commission (SEC) has announced the retirement of the highly contentious Staff Accounting Bulletin (SAB) 121, replacing it with the...
Coinbase Executive Urges Banks to Halt or Avoid Crypto Services, FDIC Letters Revealed
Coinbase Executive Urges Banks to Halt or Avoid Crypto Services, FDIC Letters RevealedCoinbase's chief legal officer, Paul Grewal, has recently made headlines by revealing a series of letters from the Federal Deposit...
Tokenized Treasuries vs Stablecoins: JPMorgan’s Perspective on Blackrock’s BUIDL
JPMorgan recently released a research report stating that tokenized treasuries are unlikely to fully replace stablecoins in the crypto market. While it is possible that tokenized treasuries could eventually replace a significant portion of...
