The central bank of Singapore, the Monetary Authority of Singapore (MAS), released a statement this week “to clarify some misunderstandings that have emerged following the FTX.com (FTX) incident.” The central bank clarified: “A first misperception is that local consumers who interacted...
The Financial Services Commission (FSC) has stated that it intends to distinguish between digital and virtual assets in a letter to the unicameral legislature of South Korea. According to local news source News 1, the FSC thinks that non-fungible tokens and...
As of Tuesday, Letitia James, the attorney general of New York, said she has “urged congressional leaders to support legislation that would prohibit investing retirement funds in digital assets, such as cryptocurrencies, digital coins, and digital tokens.” Sen. Ron Wyden (D-OR),...
Leo Melamed, Chairman Emeritus of the company and the time the first Bitcoin futures contract was introduced by CME Group in 2017, is renowned for saying he would “tame” Bitcoin. Since then, the SEC has authorized a number of ETFs. However,...
A suitable team made up of former senior U.S. regulators has been hired by FTX, a cryptocurrency exchange whose recent bankruptcy sparked questions about the existence or absence of regulatory monitoring. The failed cryptocurrency exchange FTX has hired former regulators from...