regulators

  • Tether (USDT) Stablecoin Dominates Market with Highest Market Share in Two Years

    On April 22nd, according to Blockworks Research data, Tether\’s stable currency market share has reached 63%, the highest point in two years. In addition, USDT\’s market value hit $8

    04/22/2023
    163
  • Seizure of Do Kwon’s Luxury Apartment in Belgrade

    According to reports, Serbian prosecutor Branko Stamenkovic stated that Serbian police have seized Do Kwon\’s luxury apartment in Belgrade, located in the Serbian capital and valued

    04/19/2023
    170
  • Credit Suisse and UBS To Merge? Regulators Race To Reach Agreement

    According to reports, the Financial Times quoted people familiar with the matter as saying that Credit Suisse, UBS and their main regulators are stepping up efforts to reach an agreement on the historic merger of Switzerland’s two largest banks, which will be reached as soon as Saturday evening. The Swiss Central Bank and the Swiss Financial Market Supervisory Authority (Finma) have stated to their international counterparts that they believe that reaching a deal with UBS is the only option to prevent the market from collapsing in confidence in Credit Suisse. Regulators in the United States, Britain, and Switzerland are considering the legal structure of the transaction, as well as several concessions UBS is seeking. People familiar with the matter: UBS and Swiss regulators will complete the transaction with Credit Suisse as soon as Saturday evening Analysis based on this information:Reports suggest that Credit Suisse and UBS, Switzerland’s two largest banks, are edging ever closer to a historic merger deal. According…

    03/18/2023
    192
  • US Prosecutors Investigating Signature Bank’s Compliance with Anti-Money Laundering Regulations

    According to reports, according to people familiar with the matter, U.S. prosecutors had been investigating the bank’s cooperation with cryptocurrency customers before regulators suddenly took over Signature Bank over the weekend. People familiar with the matter said that investigators from the Department of Justice in Washington and Manhattan are investigating whether the New York bank has taken sufficient measures to detect potential money laundering by customers, such as carefully examining the person who opened the account and monitoring transactions for signs of crime. Two people, who declined to be named, said the Securities and Exchange Commission was also investigating the matter. The head of the US SEC said at the time that if violations of federal securities laws were found, they would investigate and take enforcement action. (Bloomberg) Insider: US prosecutors have been investigating the cooperation between Signature Bank and cryptocurrency customers Analysis based on this information:According to recent reports, the US Department of Justice in Washington and Manhattan have…

    03/15/2023
    147
  • US Treasury Secretary Yellen: All Eyes on Silicon Valley Banks

    According to reports, US Treasury Secretary Yellen said that any bank failure would constitute “obvious concern”. The US banking system is safe, capital is sufficient and resilient. Regulators are formulating policies to address the banking incident in Silicon Valley. Try to solve the current problem “in time”, but we can’t provide more details at present. Make sure that the problems of one bank will not spread to other banks. However, Yellen said that of course, he would not repeat the past rescue of banks. The problem of the technology industry is not the “core” of the collapse of Silicon Valley banks. The FDIC is considering a series of options for Silicon Valley banks, including acquisitions. The regulators are aware of this and are trying to meet the needs of bank depositors in Silicon Valley. US Treasury Secretary Yellen: Regulators are formulating policies to solve the banking incident in Silicon Valley Analysis based on this information:US Treasury Secretary, Janet Yellen, recently…

    03/12/2023
    149
  • Republican Senators Fear Over Regulation of Cryptocurrency Industry

    It is reported that four Republican senators said in a letter to several U.S. regulators that regulators are increasingly cracking down on banks serving partic…

    03/10/2023
    167
  • Coinbase CEO Believes Pledge Products are Not Securities

    According to reports, Brian Armstrong, chief executive of Coinbase, said in an interview with Bloomberg TV that the pledge products of Coinbase are not securit…

    03/02/2023
    170
  • Kraken CEO accuses regulators of ignoring warnings about fraud to favor big players

    According to reports, Jesse Powell, the founder and CEO of Kraken, tweeted that the regulators ignored their warnings about fraud and fraud and deliberately co…

    02/21/2023
    163