The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight.
The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.
An SBI Holdings representative told Cointelegraph that the company has not filed any crypto-asset ETF applications.
Ripple Labs and the SEC have both filed to drop their legal appeals in a yearslong court battle over the securities classification of the XRP token.
The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump’s sons and others.
The SEC staff guidance on liquid staking could be a boon for institutions that want to include the technology in products, but there’s still uncertainty.
South Korea’s KakaoBank is looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
Roman Storm’s trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said.
Nomura’s crypto arm gains regulatory green light in Dubai to offer institutional OTC crypto options, expanding the UAE’s footprint in global digital derivatives.
The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world.