While suptech is still in its infancy, it is gaining traction, with a significant number of suptech use cases found in the areas of misconduct analysis, reporting and data management. But most of these use cases are still experimental in nature. This helps to explain why only a limited number of external parties have so far been involved in the development of suptech tools. This underscores the need for further international coordination and collaboration to help open up the field of suptech.
tags: Fintech SupTech Supervision
‘Dismal’ Bitcoin Volumes Could Signal A Perfect Storm
Bitcoin trading volume among the top ten biggest bitcoin and crypto exchanges has fallen to under $200 million a day, according to bitcoin and crypto data company Messari, down 20-fold from a peak of $4 billion per day just a few months ago.
tags: Fintech CryptoAssets Bitcoin Liquidity
Binance.US Introduces FDIC Insurance Coverage on USD Deposits
Binance U.S. holds its customer’s USD deposits in “pooled custodial accounts” maintained in a manner that provides access to pass-through FDIC insurance coverage up to the depositor coverage limit, which is currently $250,000.
tags: Fintech CryptoAssets Binance
SEC’s Court Hearing on Telegram Token Delayed Till Next Year
Telegram will have to wait to make its case to the U.S. SEC that its Gram token is not a security. According to the latest court filing, the hearing on the case has been postponed until Feb. 18–19, 2020, pushed forward from an Oct. 24. slot.
tags: CryptoAssets Stablecoins Fintech Telegram PaymentSystems
BOJ Kuroda: No talk at G20 of central banks issuing digital currencies
Bank of Japan Governor Haruhiko Kuroda said there was no talk among G20 finance leaders on the possibility of central banks issuing digital currencies, as part of efforts to enhance cross-border settlement services.
tags: CrossBorder CBDC CryptoAssets Fintech