Fidelity rolls out cryptocurrency custody business
Fidelity is ramping up its cryptocurrency custody business, hoping to profit from the scarcity of big, regulated institutions in the chaotic world of digital assets, according to Abigail Johnson, the investment group’s chief executive.
Virtual Currency Regulation in Canada in 2019
Four Stikeman Elliott lawyers recently co-authored the Canadian chapter of The Virtual Currency Regulation Review (2nd ed.), published by Law Business Research Ltd. The chapter provides an excellent overview of this rapidly developing area of law.
tags: CryptoAssets Canada Regulation Fintech
Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments
The National Bank of Cambodia (NBC) signed an agreement last week with Malaysia’s Maybank to determine how the banks’ respective digital payment platforms – Bakong and Maybank2u – can work in tandem to reduce often crippling remittance fees.
tags: CryptoAssets CBDC CrossBorder Fintech
Binance Hikes Leverage to 125x for Launch of Bitcoin-Tether Futures
Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today.
tags: Liquidity Bitcoin CryptoAssets Futures Fintech Binance
SEC Wants Second Look at Bitwise Bitcoin ETF Proposal
The U.S. SEC is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin ETF. The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF.
tags: ETFs Bitcoin Fintech CryptoAssets
SEC vs. Telegram: Will Gram Tokens Ever Be Distributed?
How did Telegram find itself in this position? What does the SEC’s filing mean for the future of the TON project–and for the cryptocurrency industry as a whole?
FSB sets out work to consider regulatory issues of stablecoins
The Financial Stability Board (FSB) today published an issues note on regulatory issues of stablecoins. The paper was delivered to G20 Finance Ministers and Central Bank Governors for their meeting in Washington D.C this week.
Libra Association Response to the G7 Global Stablecoin Report
The Libra Association is pleased that the G7 Working Group report, ‘Investigating the Impact of Global Stablecoins (GSCs),’ recognizes the potential to improve access to fast, secure and inexpensive payment technology.
Stablecoin regulatory risks need addressing, says G7 report
A report published on Thursday by the G7 warned that stablecoins that reach a global scale could “undermine competition in financial markets”, as well as threaten financial stability and monetary policy.
Investigating the impact of global stablecoins
“This G7 report lays out initial recommendations for both private sector stablecoin developers and public sector authorities to address the challenges and risks. Finally, the report suggests that authorities could develop road maps for improving the efficiency and lowering the cost of payments and financial services.”