The California Department of Financial Protection and Innovation (DFPI) said in a recent publication that it is “actively investigating” companies offering crypto interest accounts to investors in the...
Tag: Financial
Bank Of America Becomes Latest Financial Institution To Forecast Recession
Topline Bank of America on Wednesday became the latest financial institution to predict an oncoming recession in the U.S. economy sometime later this year—joining the likes of Deutsche Bank, Goldman S...
If You’re a True Believer in Delta Air Lines, Here’s How to Trade It
On Wednesday morning, Delta Air Lines (DAL) released the firm’s second quarter financial results. The firm posted adjusted EPS of $1.44 (GAAP EPS: $1.15) on operating revenue of $13.8B (adjusted...
South African Reserve Bank Set to Regulate Cryptocurrencies as Financial Assets
The South African Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country will roll out cryptocurrency regulations over the next 12 – 18 months that will not identify them as a...
Celsius Engaged in an Unregistered Securities Offering, Alleged Vermont’s Financial Regulator
Another US state just launched an investigation into the firm. The US state of Vermont’s Department of Financial Regulation (DFR) has leveled serious allegations against the troubled crypto lender. Ve...
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. Cryptocur...
South African Reserve Bank will regulate crypto as financial assets to make it ‘mainstream’
South Africa Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country is set to roll out cryptocurrency regulations that will partly support the sector. Speaking during a webina...
Tech can’t remove all financial risks, crypto regulation needed: BOE
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governo...
U.S. federal researchers say digital dollar may improve rather than worsen financial stability
One of the primary worries raised concerning a central bank digital currency (CBDC) is the possibility that it might increase the frequency of run on banks and other financial intermediaries. However,...
Crypto Daily – Daily Crypto And Financial News 13/07/2022, G20 Introducing Global Crypto Rules In October
In Todays Headline TV CryptoDaily News: G20 regulator to present first global crypto rules in October The Financial Stability Board, which includes central bankers and treasury officials from G20 coun...
Financial Regulators In Vermont Join Multistate Investigation Of Embattled Crypto Lender Celsius
– Advertisement – Vermont regulators go after Celsius. In a statement on Tuesday, Vermont’s Department of Financial Regulation reveals that it is joining investigations against Celsius as ...
Celsius is “Deeply Insolvent”, Says Vermont’s Financial Regulator
Celsius Network is “deeply insolvent”, Vermont’s Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations...
Celsius Would Rather Lose $6 Billion Bailout Than Disclosing Its Financial Records, Investor Says
Celsius has managed to pay off several million dollars in debts after nearly filing for bankruptcy due to lack of liquidity, raising all sorts of conjectures regarding the origin of its funds. On June...
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, deno...
Crypto Could Strengthen the Global Financial System but There’s a Catch
Doni Primanto Joewono – Governor of the Bank of Indonesia – argued that cryptocurrencies could provide financial inclusion and benefit the global monetary network. However, the sector will be much mor...
Crypto Daily – Daily Crypto And Financial News 12/07/2022, El Salvador’s Bitcoin Bet Going Out Of Control?
In Todays Headline TV CryptoDaily News: Tackling risks Bank of England deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations – similar to conventional f...
Expect Wider Swings With This EV Charging Station Company
As we kick off the week, equities are starting off the day by moving lower, but our shares of EV charging company ChargePoint (CHPT) are falling more to the downside than the overall market. Some of t...
ECB new report states crypto could reach a systemic threshold, threatening financial stability
The European Central Bank (ECB) has published a report stating that the crypto economy is growing fast, and could get to the point where crypto-assets pose a risk to financial stability. In a report e...
UK fund managers push for blockchain-traded funds: Financial Times
Britain’s asset managers are lobbying the government for a new fund category that uses blockchain technology, the Financial Times reported on Thursday. The Investment Association, which represents the...
Effective Stablecoin Regulation is Key to Financial Stability, ECB says
The European Central Bank (ECB) has called for urgent action in the move to establish effective regulation in the stablecoin market, noting that a lack of such measures could portend risks to financia...
Revolut Unveils Financial Literacy Course for Crypto Savers
Crypto-powered financial app Revolut has announced an educational program that will award participants in return for completing quizzes. The scheme is designed to raise awareness and knowledge of cryp...
Crypto Daily – Daily Crypto And Financial News 11/07/2022, Celsius Working On Restructuring With Hiring Spree
In Todays Headline TV CryptoDaily News: Navigating financial fallout Embattled cryptocurrency lender Celsius Network LLC has hired new lawyers for restructuring advice as it navigates the financial fa...
Terra crash highlights stablecoin risk to financial stability: ECB
The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system. A section of the r...
Fed Vice Chair Says Crypto Needs Regulation Now Before It Threatens Stability of Financial System: Report
The Vice Chair of the Federal Reserve is reportedly saying that crypto regulations need to be enacted now before the digital assets industry threatens the stability of the entire financial system. Acc...
Cryptocurrency is a Clear Danger to Financial Stability ⋆ ZyCrypto
Advertisement     India’s central bank governor has once again given the thumbs down to cryptocurrencies and called them a danger. In the foreword to the Reserve Bank ...
Regulation of Crypto Markets Needed for Overall Financial Stability ⋆ ZyCrypto
Advertisement     In the recent Bank of England’s Financial Stability Report (July 2022), the Financial Policy Committee (FPC) reported that although...
Fed Vice Chair Warns Bank Involvement in Crypto of Sparking Financial Instability
Federal Reserve Vice Chairwoman Lael Brainard urged policymakers to toughen up regulatory scrutiny on the crypto industry in a speech given at the Bank of England conference on Friday. Once again, the...
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says – Coinotizia
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to ...
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says – Regulation Bitcoin News
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to ...
Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’ – Regulation Bitcoin News
Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnecte...