The SEC's filing against Coinbase was expected, but might be the beginning of the end to their years of crypto regulation avoidance.
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.
central bank / CBDCCryptodecentralized financeopen sourcephilosophyregulation & compliancestablecoins
·This week, we look at:
Proposed US regulation from FinCEN, legislation from the House of Representatives, and UK FCA registration requirements that would impact the crypto industry
The difference between competition for share within an established market, and competition between market paradigms (think MSFT vs. open source, finance vs. DeFi)
The crypto custodian moves from BBVA, Standard Charters, and Northern Trust
The bank license moves from Paxos and BitPay, as well as the planned launch of a new chain by Compound, in the context of the framework above
Permissionless finance is a paradigm breach. It pays no regard for the very nature of the incumbent financial market. Without banking, it creates its own banks. Without a sovereign, it bestows law on mathematics and consensus. Without broker/dealers, it creates decentralized robots. And so on. It tilts the world in such a way as to render the economic power of the incumbent financial market less important. Not powerless -- the allure of institutional capital is a constant glimmer of greedy, opportunistic hope. But the hierarchy of traditional finance does not extend to DeFi, and thus has to be re-battled for the incumbent. This is cost, and annoying.
The DeFi regulatory landscape is experiencing a shift, and it seems, no-one is safe. Compliance is becoming ever more challenging.
Long time followers of the p2p lending space will remember Loanio.com. They were the victims of unfortunate timing when they...
Concerned about innovation draining from the US many are calling for clear crypto legislation, but what would it take?
On Monday, BlockFi agreed to pay $100 million to settle SEC allegations; a couple of hours after the Super bowl ran with so many crypto ads, media began calling it the 'crypto bowl.'
The crypto world was buzzing with the news of ethereum's successful shift to PoS. But what actually is staking? And why is it significant?
The "crypto crackdown" continues with the SEC's sights set on Coinbase. The company is holding firm.
Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust.