Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,415,760,722,466.85
  • 24h Vol: $60,076,655,065.96
  • BTC Dominance: 56.51%

Oversight

lawmaker-introduces-defi-bill-—-calls-decentralized-finance-‘essential-to-future-of-markets’

Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’

Leave a Comment / biden-harris, Bitcoin, Blockchain, Capital markets, CFTC, Crypto, Crypto Hacked, Cryptocurrency, decentralized finance, DeFi, defi bill, digital markets, Ethereum, Innovation, Oversight, Privacy, Regulation, SEC, Warren Davidson / / / , , , , , , , , , , , , , , ,

Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […]

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

Leave a Comment / alphanumeric characters, AML/CFT, Bitcoin, conclusion, Crypto Hacked, Cryptocurrency, cybercriminals, decentralized finance, DeFi, Ethereum, federal oversight, fiat currency, financial intelligence, Gaps, illicit financing, illicit proceeds, industry solutions, layering, Money Laundering, nation-state adversaries, National Security, onchain surveillance, Oversight, personally identifying information, policymakers, proliferation financing, ransomware attackers, recommended actions, Regulation, report, risks, scammers, terrorist financing, Thieves, Traditional Finance, US Treasury, VASPs, virtual assets, vulnerabilities / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight.

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto Read More »

ubs-considers-acquiring-credit-suisse,-requests-government-backstop-in-deal

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

Leave a Comment / Acquisition, acquisition financing, backstop, Banking, banks, bid, Bitcoin, Challenges, competition, Compliance, credit suisse, Credit Suisse Bank, Crypto Hacked, Cryptocurrency, Deal, dividends, due diligence, Ethereum, Executives, financial stability, global financial system, Government, industry, Investors, landscape, Losses, Market Share, News, Oversight, political backlash, potential merger, private bank, profits, Protection, Regulations, regulatory approval, Reputation, risk management, rumors, Shareholders, shareholders' meeting, stock prices, Strategy&, swiss, Swiss National Bank, Transparency, UBS, UBS Bank, unnamed sources / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the

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Israel’s Securities Watchdog Seeks to Regulate Crypto Assets

Leave a Comment / Bitcoin, Crypto, crypto assets, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Assets, Ethereum, financial instruments, financial investment, isa, israel, Israeli, Law, Laws, Legislation, Oversight, Regulation, Regulations, regulator, rules, Securities, securities authority, watchdog / / / , , , , , , , , , , , , , , , , , , , ,

The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s Securities Laws Aimed at Expanding Supervision Over Crypto Arguing that

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