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The SEC on Wednesday announced a new proposal requiring all crypto assets held for U.S. customers be housing with a "qualified custodian" in the wake of the FTX debacle, among other crypto failure ...
In a single week in November 2022, FTX went from being one of the world's biggest and most trusted exchanges to a cautionary tale about the risk of crypto theft and loss. Its founder, Sam...
A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry ...
Because private keys are crucial to accessing and protecting assets on the blockchain, users must store them safely. [18] Storing the private key on a computer, flashdrive or telephone can pose potential security risks if the device is stolen or hacked. [18] If such a device is lost, the user no longer have access to the cryptocurrency. [18]
Markets in Crypto-Assets (MiCA or MiCAR) is a regulation in European Union (EU) law. It is intended to help streamline the adoption of blockchain and distributed ledger technology (DLT) as part of virtual asset regulation in the EU , while protecting users and investors.
In December 2022, Brazil established a licensing regime for virtual asset service providers with the aim of legalizing crypto as a payment method. Previously regulated, according to a 2014 statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks. [ 52 ]
In response to rampant crypto fraud and the incredible growth of regulation-skirting decentralized finance (DeFi), U.S. regulators are set to take unprecedented action against the cryptocurrency ...
It would place the regulation of crypto assets under the authority of the Commodity Futures Trading Commission, which already regulates the trading of financial derivatives in the United States. [2] The proposed law has bipartisan support. Legislators sponsoring the DCCPA include senators Cory Booker, John Boozman, Debbie Stabenow and John ...