Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs

Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy.…

May 22, 2020 at 12:00 UTCColombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’The token economy just gained an organized structure for collaborating with world leaders.  The World Economic Forum revealed its Presidio Principles on Friday, a “blockchain bill of rights,” according to the nonprofit focused on fostering diplomacy and international business partnerships.…

Feb 11, 2020 at 14:30 UTCMunich, Germany. Credit: ShutterstockOne of the oldest banks in Europe is developing a special-purpose euro stablecoin that can facilitate private placements in tokenized securities. Munich-based Bank von der Heydt, established in 1754, announced Monday it had partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established…

news A South Korean financial watchdog under the Financial Services Commission (FSC) is planning to more closely supervise cryptocurrency exchanges. The agency in question, the Financial Intelligence Unit (FIU), has said it will directly regulate crypto trading platforms, which currently are indirectly controlled via guidance given to banks, says a report in Business Korea on Wednesday.…

The Commodity Futures Trading Commission (CFTC) is going to great lengths to better gauge what is happening at the Binance exchange, said Paul Grewal, chief legal officer at rival exchange Coinbase (COIN).“There's a lot to unpack,” Grewal told CoinDesk TV’s “All About Bitcoin” on Tuesday about the CFTC’s complaint against Binance, the largest crypto exchange…

Dec 26, 2019 at 15:23 UTCUsers may find it ever harder to cross the chasm between regulated exchanges and private wallets. ("At the Waterfall" by David Claypool Johnston, courtesy Metropolitan Museum of Art.) Binance Blockade of Wasabi Wallet Could Point to a Crypto Crack-Up2020 may see crypto’s most consequential fork yet: A split between regulated…

news The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden’s central bank. Speaking on CNBC’s “Squawk Box Europe,” Riksbank governor Stefan Ingves said the Facebook-led project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money. Ingves said the Riksbank – which…

Eventually, the digital ruble, alongside the development of blockchain, will displace the need for banks, Russian lawmaker Anatoly Aksakov said in a meeting, a local media outlet reported on Tuesday.“As for the role of banks, I think that their role will fade in the future with the development of blockchain,” said Aksakov, the head of

SwBTC generates yield using wBTC – the token pegged 1:1 to BTC that can be put to work in the Ethereum network while retaining the value of the world's largest cryptocurrency. Swell's aim is to extend the business case for restaking to crypto users who to benefit from the store of value offered by bitcoin