The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.
The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.
The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight.
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud.
Trump’s executive order comes as a group of bank associations tries to block bank applications from four digital asset firms.
Federal Reserve Board of Governors member Adriana Kugler announced her resignation on Aug. 1, paving the way for a Trump nominee at the US central bank.
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.
The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump’s sons and others.
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.
An SBI Holdings representative told Cointelegraph that the company has not filed any crypto-asset ETF applications.
XRP may stay structurally weak unless whale wallets see daily inflows above 5 million tokens, one analyst warned.