BSP Reveals Plans for Wholesale Central Bank Digital Currency Study

by Александр Пирогов | Mar 8, 2024 | Blog News

The Bangko Sentralng Pilipinas (BSP) is moving forward with its plans to study wholesale central bank digital currency (wCBDC), with a pilot project named Project Agila expected to conclude by the end of the year. BSP’s deputy governor, Mamerto Tangonan,...

Kwon, Terraform Labs Founder, Faces Extradition Drama from Montenegro

by Александр Пирогов | Mar 8, 2024 | Blog News

Do Kwon, the mastermind behind Terraform Labs, finds himself embroiled in a gripping extradition saga as Montenegro prepares to send him back to South Korea. Kwon, accompanied by a Terra executive, was apprehended attempting to cross borders with forged documents....

Dubai’s VARA CEO Optimistic After UAE’s Removal from FATF Grey List

by Александр Пирогов | Mar 8, 2024 | Blog News

Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), welcomes the Financial Action Task Force’s (FATF) decision to remove the UAE from its grey list, seeing it as a positive step forward for crypto-related investments in the region. The...

DCG and Barry Silbert Seek Dismissal of $3 Billion Lawsuit

by Александр Пирогов | Mar 7, 2024 | Blog News

Digital Currency Group (DCG) and its CEO Barry Silbert have filed motions to dismiss a $3 billion lawsuit brought by the New York Attorney General’s Office (NYAG), contending that the fraud allegations are unfounded. The lawsuit, filed in October 2023, accused DCG,...

CFTC Urges Congress for Comprehensive Crypto Regulations

by Александр Пирогов | Mar 7, 2024 | Blog News

In a significant development for the cryptocurrency industry, CFTC Chair Rostin Behnam emphasized the urgent need for Congress to enact comprehensive crypto regulations. Behnam highlighted the necessity for a regulatory framework that addresses the complexities of...

CFTC Chairman Clashes with SEC Over Ethereum Custody Plans

by Александр Пирогов | Mar 7, 2024 | Blog News

CFTC Chairman Rostin Behnam has voiced disagreement with the SEC over Prometheum’s Ethereum custody plans, warning of potential conflict within U.S. financial market regulations. Behnam asserted that both Bitcoin and Ethereum are commodities, contrary to the...