The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
The geographical location of bank card and barcode payment acceptance terminals must be established and monitored to ensure consistency with the merchant's registered location.
Governor Yi Gang says the PBOC will continue to strengthen its supervision of fintech companies, while also improving policy transparency and predictability.
A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
Entities interested in operating a decentralised exchange in Malaysia should apply to be registered as an RMO, the SC said.
The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.
Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.