CryptoNews

China Jails 9 in $6M Crypto Scam Hitting Indians

China cracks down hard on cross-border crypto fraud, jailing fraudsters in a major blow to digital crime targeting Indians. China Drops Heavy Prison Terms Over Cross-Border Crypto Fraud on Indians A wide-reaching crypto scam targeting Indian nationals has led to harsh prison terms for a group of Chinese fraudsters, following months of investigation and judicial proceedings. The case, which…
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CryptoNews

Latam Insights: Argentine Congress Takes Aim at Libra, Crypto Now Seizable in Brazil

Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the Argentine lower chamber will investigate Libra’s launch, cryptocurrency can now be legally seized in Brazil, and the Brazilian CBDC pilot, drex, has hit a roadblock. Argentine Congress to Formally Investigate Government Officials’…
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CryptoNews

FDIC Clears Crypto Runway With New Blockchain Policy Shift

The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American…
CryptoNews

Standard Chartered, OKX Launch Collateral 'Mirroring' Program for Institutional Crypto Trading

In a Nutshell Standard Chartered and OKX introduce a program allowing institutional traders to use cryptocurrencies and tokenized money market funds as collateral off-exchange. The initiative, under Dubai’s regulatory framework, enhances security and efficiency for clients. Franklin Templeton is the first to offer funds through the program, bridging traditional finance with digital…
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CryptoNews

EU Regulator: Crypto Assets Pose No Significant Risk to Financial Stability

The securities regulator believes that crypto assets currently pose a minimal risk to financial stability due to their relatively small size and limited integration with traditional financial systems. Crypto Assets 1% of Global Financial Assets The European Securities and Markets Authority (ESMA) said crypto assets currently pose no significant risk to financial stability. The regulator cited the…
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