Compliance experts should help regulate crypto — Silk Road 2.0 founder

BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies. 480 Total views 11 Total shares Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not…

France’s Minister for the Economy and Finance has announced that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO), according to a tweet posted Wednesday, September 12.As finance Minister Bruno Le Maire states, the French stock markets regulator Autorité des marchés financiers (AMF) is…

As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran.The Middle Eastern nation has faced considerable economic and financial hardships due to…

The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale. One project that is beginning to gain traction in its effort to bridge the old world with the new is Decentraland…

Al Hilal Bank, based in Abu Dhabi, the United Arab Emirates (UAE), has announced it has completed “the world’s first sukuk transaction” with the use of blockchain technology, Reuters reports Nov. 26.Sukuk, a legal instrument also known as “sharia compliant” bonds, allows investors to generate returns without infringing on Islamic law.Reuters notes that Abu Dhabi’s…

London-based cryptocurrency compliance firm Elliptic has launched a new tool that allows banks to work more closely with crypto exchanges.Dubbed Elliptic Discovery, the product collects detailed profiles of more than 200 global crypto exchanges to enable banks to manage risks associated with crypto transactions, Business Insider reports Dec. 11.Elliptic Discovery includes data collected since 2013Designed…

Loosening of inflation handling boosts Bitcoin in line with expectations that the Fed would inadvertently support safe havens with its decision. Bitcoin (BTC) spiked to $11,600 on Aug. 27 as the United States Federal Reserve committed to maintaining an average of 2% inflation.Data from Coin360 and Cointelegraph Markets showed BTC/USD jumping several hundred dollars on…

Michael Hsu stated that it is starting to worry him that “we’re not spending that time and attention on some other things," like fintech, which he described as the “future.” United States Acting Comptroller of the Currency (OCC) Michael Hsu has expressed concerns that regulators are spending “too much time on crypto," rather than more…