It comes after the $209 billion bank failed after a $42 billion bank run. The Federal Reserve Board has confirmed that Vice Chair for Supervision Michael S. Barr will lead a review into the supervisio...
Tag: Supervision
Federal Reserve Takes Bold Move to Protect Banks from Crypto with Enhanced Guidance and Supervision
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, parti...
‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller
Cryptocurrency firms operating multiple entities in different countries should be overseen by one consolidated “home” regulator to stop them from playing “games” aimed at skirting regulato...
Bitcoin Could Fall Outside SEC’s Supervision Says Gary Gensler
SEC Chair Gary Gensler discussed Bitcoin, the political repercussions of FTX collapse and the future of crypto regulation in a recent interview. This comes as the Commodity Futures Trading Commission ...
US Federal Reserve denies Custodia Bank’s request for Fed supervision
The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System, while a district court has allowed...
Hong Kong securities regulator adds crypto personnel for industry supervision
Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission report filed on Feb. 6, it plans...
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — MicroStrategy co-founder
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor. In a ...
Bank of Russia eases digital assets platforms supervision to beat sanctions
The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. Russian authorities will excuse these enterprises from some reporting requirements a...
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation that would allow the government department to assess supervisory costs from licensed crypto firms operating in ...
Hong Kong Financial Secretary Calls for Stronger Supervision on Crypto
Recent collapse of the Bahamian crypto exchange FTX as it went on to file for bankruptcy has started creating ripple effects. FTX bankruptcy-like instances deepen the skepticism towards the whole cryp...
Sam Bankman-Fried currently under supervision in the Bahamas
Sam Bankman-Fried former FTX’s CEO, co-founder Gary Wang, and director of engineering Nishad Singh are reportedly in the Bahamas and “under supervision” by the government there as of November 13, 2022...
Hong Kong to avoid FTX-like scenario through transparency and supervision
Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transpa...
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities. The source fa...
Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets – Regulation Bitcoin News
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organiza...
Canadian Regulator Issues New Rules on Exposure to Cryptocurrencies for Entities Under Its Supervision
The public affairs office of the Superintendent of Financial Institutions has announced an interim approach for crypto assets held by federally regulated financial institutions and will reduce the con...
Elon Musk Appeals Judge’s Refusal To End Supervision Of His Tesla Tweets
Topline Elon Musk on Wednesday appealed a federal judge’s refusal to end an agreement between the Tesla CEO and the Securities and Exchange Commission, which requires oversight of his Twitter posts ab...
Biden’s pick for Fed vice chair for supervision calls for congressional action on stablecoins
Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. law...
DeFi Needs Greater Supervision to Protect Investors: German Regulator
A high-level executive from Germany’s financial regulator has called for greater regulation of decentralized finance to protect investors from market risk. The Federal Financial Supervisory Authority’...
President Biden to nominate former Ripple adviser as Fed Vice-Chair for Supervision
US President Joe Biden intends to nominate Michael Barr, who served as a Ripple advisor from 2015 to 2017, as the Vice-Chair for Supervision of the Federal Reserve. The White House revealed this news ...
President Biden announces former Ripple adviser as pick for Fed vice chair for supervision
Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and...
Are NFTs in Urgent Need of ‘Perfect Supervision?’
A recent article by the Economic Times has called for an urgent need of oversight with digital collectibles in the country. The media outlet which is directly under the Chinese Communist Party (CCP), ...
Chinese Communist Party Says Perfect Supervision Required For NFTs
Chinese news agency made arguments against treating NFTs as creative and cultural products, calling for more robust restrictions. Chinese Communist Party’s official newspaper and Shandong TV, both hav...
Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections
Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forw...
ESMA Recommends CySEC to Improve Cross-Border Activities Supervision
The European Securities and Markets Authority ( ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, securi...
Tradesilvania Appoints Former FIU Romania Head of Supervision As New Risk & Regulatory Affairs Director
Advertisement     Premium cryptocurrency and digital asset investment platform Tradesilvania has announced the appointment of Mihaela Anamaria Dragoiu as its new Risk ...
Romanian Cryptocurrency Platform Tradesilvania.com Appoints Mihaela Drăgoiu, Former Head of Supervision and Control Directorate of FIU Romania (ONPCSB) As the New Risk and Regulatory Affairs Director
February 9, 2022 – Cluj-Napoca, Romania Tradesilvania, the premium platform for cryptocurrency and digital asset investments, has announced the expansion of the company’s compliance and management tea...
Romanian cryptocurrency platform Tradesilvania.com appoints Mihaela Drăgoiu, former Head of Supervision and Control Directorate of FIU Romania (ONPCSB) as the new Risk & Regulatory Affairs Director
Cluj-Napoca, Romania, 9th February, 2022, Chainwire Tradesilvania – the Premium platform for cryptocurrency and digital asset investments has announced the expansion of the Company’s compliance and ma...