Financial Stability
-
Unsafe or Unsound Banking Practices: FDIC Issues Consent Order to Cryptocurrency-Friendly Cross River Bank
According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has issued a Consent Order to Cross River Bank, which is cryptocurrency friendly, regard
-
The Hong Kong Monetary Authority’s 2022 Annual Report Highlights Digital Hong Kong Dollar Preparation
According to reports, on April 28th, the Hong Kong Monetary Authority (HKMA) released its 2022 Annual Report. In terms of the digital Hong Kong dollar, it is pointed out that the M
-
Regulating Silicon Valley Bank: A Report by the Federal Reserve
According to reports, the Federal Reserve has released a report on regulating Silicon Valley Bank (SVB), blaming the collapse of the bank on weak corporate management and regulatio
-
The Digital Euro: Balancing the Benefits and Risks
According to reports, a document drafted for the European Parliament states that the digital euro system should not limit users\’ holdings and argues that the risk of abandoning tra
-
The Risks of Digital Finance: Managing Illegal Finance in the Cryptocurrency Market
According to reports, Christy Goldsmith Romero, a member of the United States Commodity Futures Trading Commission (CFTC), delivered a keynote speech on illegal finance and other m
-
South Korean Central Bank Granted the Right to Investigate Virtual Assets
On April 22nd, it was reported that the South Korean Financial Services Commission (FSC) has abandoned its opposition to the Central Bank\’s acquisition of the \”request for data sub
-
South Korean Financial Services Commission Approves Central Bank’s Request for Data Submission Right
On April 22nd, it was reported that the South Korean Financial Services Commission (FSC) has abandoned its opposition to the Central Bank\’s acquisition of the \”request for data sub
-
Strengthening Tools for Reviewing Non-Bank Companies in the United States
According to reports, the highest financial regulatory body in the United States has proposed strengthening tools for reviewing non bank companies, including revising guidelines fr
-
Gemini Cryptocurrency Trading Platform Appoints Pravjit Tiwana as CEO for Asia Pacific Region
According to reports, Gemini, the cryptocurrency trading platform, has appointed Pravjit Tiwana, the global chief technology officer, as the new CEO for the Asia Pacific region and
-
Zipmex Seeks Extension of Restructuring Plan amid Liquidity Issues
According to reports, the cryptocurrency exchange Zipmex has requested the Singapore court to extend the restructuring plan again, which will allow its debt in Singapore to be exte
-
Regulating Cryptocurrency: Why it Matters
According to reports, McGuinness, the European Union\’s head of financial services, has encouraged regulatory agencies to closely monitor cryptocurrencies.
EU Financial Services Dir -
Understanding the Pros and Cons of Retail CBDCs: What You Need to Know
According to reports, recently, Federal Reserve Governor Bowman delivered a speech on CBDC, and Bowman generally supports wholesale digital dollars. But Bauman believes that the tr
-
The US Stable Currency Act allows the central bank to provide funding to non bank stable currency issuers
According to reports, a new bill proposed by the Financial Services Committee of the United States House of Representatives proposes to allow non bank stable currency issuers to ob
-
Delaware Bankruptcy Court rules Deltec International Group to repay $53 million loan to Alameda Research
According to reports, a judge from the Delaware Bankruptcy Court ruled on Wednesday that Deltec International Group should repay a loan of nearly $53 million originally provided to
-
Unleashing the Potential of Web3 and Virtual Assets: Recent Updates from Hong Kong Securities and Futures Commission
According to reports, at the 2023 Hong Kong Web3 Carnival, Keith Choy, interim head of the Intermediary Department of the Hong Kong Securities and Futures Commission, stated in his
-
The leader of the Hong Kong Web3Hub fund has suggested that the Monetary Authority issue digital Hong Kong dollars in the form of “stable currency”
On April 11th, it was reported that Wu Jiezhuang, co founder of G-Rocket, a startup accelerator, led the establishment of the Hong Kong \”Web3Hub\” fund this week. He stated that he
-
Tether CTO: The company’s first quarter profit exceeded $700 million
According to reports, Tether\’s Chief Technology Officer Paolo Ardoino stated on Twitter that the company\’s profit for the first quarter of this year had exceeded $700 million.
Teth -
Bank of England to Develop Central Bank Digital Currency (CBDC): A Comprehensive Look
According to reports, the Bank of England is seeking to establish a team of up to 30 people to develop the Central Bank Digital Currency (CBDC). In February of this year, the Bank
-
The Role of Interest Rates in the European Banking Crisis
According to reports, Ian Berg, a professor at the European Studies Institute at the London School of Economics, recently stated in an interview that the continuous interest rate h
-
The Chapter 11 Restructuring Plan of Celsius Network: What You Need to Know
According to reports, the bankrupt cryptocurrency lender, Celsius Network, announced that it will advance its Chapter 11 restructuring plan and provide a disclosure statement conta