LSE Group Plans to Offer Blockchain-Powered Market For Traditional Assets: Report

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The UK Financial Conduct Authority Is Designing Prudential Requirements for Firms Carrying out Crypto Activities

The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country’s anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the “Treasury and Parliament bring those activities under our regulation,” the regulator said in its annual report published Thursday.

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House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism

The U.K.’s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday.

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UK Gov Has No Plans for a ‘Crypto Tsar’ as Proposed by Lawmakers, Economic Secretary Andrew Griffith Says

“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government’s position,” Griffith said. “The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how to protect consumers.”

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Indian Crypto Exchanges Like CoinDCX, WazirX Are in Survival Mode, Trying to Extend Their Runways

“CoinSwitch has always been conscious of its expenses,” said Ashish Singhal, the company’s co-founder and CEO. “Today, we are proudly serving more than 19 million registered users, and are excited to grow and evolve with them by providing them with a diverse range of investment options, including fixed deposits (FD), mutual funds, Indian stocks, and […]

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Norway Should Consider a National Strategy for Crypto Regulation: Norges Bank Report

Countries around the world have been looking at the European Union’s Markets in Crypto Assets (MiCA) regulation, which is close to taking effect. MiCA may apply within the broader European Economic Area, but the central bank does not want to stop there: it believes there is a need to further develop specific crypto regulations, the […]

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Nigeria’s SEC Plans to Allow Asset-Backed Tokens on Digital Exchanges But Not Crypto: Bloomberg

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial […]

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Where the U.S. Government Went Wrong in Regulating Crypto

As a former public servant, I believe there is a role for the government in overseeing the cryptocurrency industry. However, recent regulatory announcements – including directives from the U.S. Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against the largest and most trustworthy U.S. exchange, Coinbase, and increasingly hostile rhetoric […]

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Global Crypto Rules to be Based on Coming FSB & IMF Synthesis Paper, India Says After G20 Meetings

India’s Central Bank Governor Shaktikanta Das said that there was a marked shift in perception around crypto assets by G20 nations in the past year which saw the collapse of several major crypto companies, including FTX, and a global contagion. There is a wide acceptance about risks involved in crypto assets now, Das said.

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