Policy desk
Regulatory action, legislation, enforcement and central-bank digital currency policy.
Key Insights: North Carolina has officially enacted a law that bans the use of central bank digital currencies (CBDCs) in the state, adding to ongoing debates about the future of Continue Reading →
Key Insights: Chinese developers are scrambling to adapt after OpenAI announced that it will block access to its tools and services in China starting from July 9. This move, made Continue Reading →
Key Insights: Government interest in Central Bank Digital Currencies (CBDCs) surged in response to the growing popularity of cryptocurrencies and the emergence of private stablecoins. However, progress on CBDCs has Continue Reading →
Key Insights FTX’s bankruptcy has opened the door for significant gains for savvy investors. Following the collapse of Sam Bankman-Fried’s crypto empire, the estate has been tasked with liquidating $3.4 Continue Reading →
Key Insights: The bankruptcy proceedings of the once-prominent cryptocurrency exchange FTX have become a battleground for legal and ethical scrutiny, particularly involving its bankruptcy law firm, Sullivan and Cromwell LLP Continue Reading →
Key Insights: The financial activities of two organizations, Baitul Maqdis and Al-Quds Foundation South Africa, have come under intense scrutiny. Investigations suggest these groups have been using their bank accounts Continue Reading →
Key Insights: Meta Platforms, in a bold move, has partnered with Tencent Holdings. This partnership marks their return to the Chinese market. Notably, Facebook and Instagram remain blocked in China. Continue Reading →
Key Insights: In an unsettling development for many Americans, a recent technical snag in the Federal Reserve’s Automated Clearing House (ACH) payment system resulted in delayed deposits, leaving numerous citizens Continue Reading →
Key Insights: Surge in Claim Valuations In the ever-evolving world of cryptocurrency, FTX creditor claims are making significant strides, with recent transactions surpassing the 50 cents on the dollar mark. Continue Reading →
Key Insights: JPMorgan Chase (NYSE: JPM) has demonstrated steady banking prowess. The Q3 2023 financial report highlights favorable results, with the bank surpassing analysts’ expectations, reminiscent of its Q2 performance. Continue Reading →
Key Insights: In a move closely monitored by economic experts and analysts, the Bank of England has decided to end its consecutive series of 14 interest rate hikes, firmly holding Continue Reading →
Key Insights: SkyBridge Capital, led by Anthony Scaramucci, has emerged at the forefront of bidders for SVB Capital, Silicon Valley Bank’s venture capital arm. SVB Financial Group, once the overseeing Continue Reading →
Key Insights: The Australia and New Zealand Banking Group (ANZ), a formidable player in the financial sector, is poised to launch its Australian dollar-pegged stablecoin, A$DC. The bank’s recent successful Continue Reading →
Key Insights Mike McGlone, a strategist at Bloomberg Intelligence, recently shed light on a concerning trend in the crypto world. The leading cryptocurrency, Bitcoin, witnessed a 15% decline in the Continue Reading →
Key Insights: Friend.tech, a decentralized social media platform, encountered widespread skepticism. Numerous observers hastily labeled it “on the decline” as user activity diminished. However, in a surprising turn of events, Continue Reading →
Key Insights: FTX, the bankrupt crypto exchange, filed a lawsuit against LayerZero Labs on September 9, aiming to recover $21M. The lawsuit alleges that LayerZero capitalized on FTX’s financial struggles. Continue Reading →
Key Insights: In collaboration with payment processors Worldpay and Nuvei, Visa has launched pilot projects. These are geared towards refining cross-border payment systems. The projects focus on expanding stablecoin settlements, Continue Reading →
Key Insights: Anatoly Aksakov, chair of Russia’s parliamentary financial committee, has declared that the role of traditional banks is expected to diminish as central bank digital currencies (CBDCs) and blockchain Continue Reading →
