Canada’s Regulatory Clarity: Stablecoin Rules Defined for Exchanges and Issuers
With a focus on stablecoins, the CSA has offered guidelines to exchanges and cryptocurrency issuers on its interim approach.
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Ledger Announces Workforce Reduction of 12% Due to Macroeconomic Challenges
The CEO and chairman of Ledger, a manufacturer of hardware cryptocurrency wallets, has disclosed the 12% employee reduction.
Hong Kong Establishes Crypto Task Force Amid Ongoing JPEX Investigation
The SFC and the HKPF have established a working group dedicated to cryptocurrency to address illegal crypto exchange activities.
Yield Protocol Set to Shut Down Operations by December 2023
Due to a lack of business demand and pressure from international regulations, the DeFi lending protocol, Yield Protocol, has decided to be taken down before the end of the year.
Ripple Secures Formal Approval for Singapore Payments License
The Central Bank of Singapore has granted Ripple a full license to operate as a major payment institution, allowing it to continue its activities.
Judge Denies SEC’s Appeal Attempt in Ripple Ruling
US SEC's move to appeal its defeat against Ripple Labs, the business in charge of issuing the XRP token, was denied by district court judge Analisa Torres.
Singapore Grants Payment Institution License to Sygnum Bank Subsidiary
Sygnum Singapore received a license to offer crypto brokerage services to accredited investors and institutions in Singapore.
Portugal’s Central Bank Chief Calls for Global Crypto Regulation
The Governor of Banco de Portugal joins a chorus of regulators who argue that national efforts to regulate crypto would be ineffective without a worldwide framework.
CoinCodeCap WeekInFocus: October 1, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Paradigm Alleges SEC of Rule Bypass in Binance Lawsuit
The US SEC has come under fire from Paradigm for avoiding the traditional rulemaking processes in its current legal case against Binance.