U.S. central bankers pledged Thursday to inject some $1.5 trillion into the financial system in an effort to calm panicky markets after the spreading coronavirus triggered steep price declines…
Tag: financial
UK Financial Regulator: Watch Out for Coronavirus Crypto Scams – CoinDesk
The United Kingdom’s Financial Conduct Authority (FCA) is asking investors to watch out for coronavirus-related crypto scams. In a March 11 warning to the public, FCA, the U.K’s top…
What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status – CoinDesk
Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali…
Binance Is Not Under Our Jurisdiction, Says Malta Regulator – CoinDesk
Binance is neither licensed to operate, nor is it regulated in Malta, the country’s chief financial watchdog has said. The Malta Financial Services Authority (MFSA) issued a statement Friday…
Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator – CoinDesk
Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL. According to public disclosures…
US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto – CoinDesk
Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan. Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer…
The US Government’s Mixed Signals on Digital Currency Privacy
To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy. On the one hand, in comments before the…
DTCC Calls on Banks and Regulators to Help Address Blockchain Security Issues – CoinDesk
The Depository Trust & Clearing Corporation (DTCC) wants the financial sector to form a consortium alongside regulators to reduce risks associated with blockchain. In a white paper published Wednesday,…
Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might – CoinDesk
Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar….
US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin – CoinDesk
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is preparing to unveil new regulations around cryptocurrencies, Treasury Secretary Steven Mnuchin said Wednesday. Speaking during a hearing before the…