I made this little effort to make you aware of Crypto space. Gathered some important crypto goes mainstream news as well some regulatory news from this week.
1: U.S. Treasury targets stablecoins in the latest regulatory risk assessment. The Financial Stability Oversight Council is also preparing a formal review into whether stablecoins pose an economic threat.
2: Crypto exchange FTX has received licenses in Gibraltar and the Bahamas for two of its subsidiaries.
3: Binance Australia, a local onramp to the broader Binance ecosystem, is ending its derivatives offerings to local crypto traders by the end of this year.
Source : https://cryptofrix.com/blog/binance-australia-to-end-crypto-derivatives-by-december/
4: The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.
5: Suex, a cryptocurrency exchange that primarily operates out of Russia, has been sanctioned by the United States Treasury. The exchange is accused of processing transactions for ransomware attackers.
6: U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler doubled down on his position that his agency has “robust” authority to regulate the cryptocurrency industry, stating in a conversation with the Washington Post on Tuesday that “most” cryptocurrencies have attributes of securities. The SEC chair also compared the crypto boom to the Wildcat banking era of the 19th century, saying that “history tells us that private forms of money don’t last long.”
7: The US Securities and Exchange Commission could greenlight a Bitcoin futures ETF as early as October this year, said Bloomberg’s Senior Commodity Strategist – Mike McGlone.
8: The Royal Monetary Authority of Bhutan is partnering with Ripple to pilot a central bank digital currency in the mountainous kingdom.
9: The U.S. President is reportedly moving forward with the nomination of a crypto critic to run a federal bank regulator. The Biden administration intends to nominate Cornell University Professor Saule Omarova to be the next Comptroller of the Currency (OCC).
10: Twitter will begin rolling out Bitcoin-based payment features starting on Thursday, including support for Lightning wallets, as part of a larger plan to support creators on its platforms. The company's Thursday announcement also included plans to "explore NFTs for authentication."
11: The U.S. House of Representatives has included a crypto provision in this year’s version of the annual defence budget bill.
12: Investment bank JP Morgan said Wednesday that investors are looking to Ethereum futures instead of Bitcoin futures—meaning there's now more interest in the second-biggest cryptocurrency among major investors, according to reports.
13: Dubai authorities have joined forces to make it legal to issue and trade cryptocurrencies in the DWTCA freezone.
14: The Chinese government has released more details about its cryptocurrency ban. The notice clarifies that virtual currencies do not have the same legal status as legal currency in China. It also reiterates what has been in place for years, namely, that cryptocurrency trading is against the law.
15: Following china's events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States.
16: The Central Bank of Chile is exploring the creation of a central bank digital currency (CBDC).
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