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U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, International News, Regulation, Technology, Wealth Management/ Philanthropy

The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
Money laundering rules to apply to crypto trade – gov’t notification

Money laundering rules to apply to crypto trade – gov’t notification

by AIP Online Bureau | Mar 8, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Extending India’s money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country’s borders MUMBAI: India’s money laundering laws will apply to trade in...

Visa and Mastercard slow down on plans to forge new partnerships with crypto firms

by AIP Online Bureau | Mar 1, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector “Recent high-profile failures in the crypto sector are an important reminder that we...

India asks IMF, FSB to prepare technical paper on regulating crypto

by AIP Online Bureau | Feb 26, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

Despite the rapid evolution of the crypto universe, there is no comprehensive global policy framework for crypto assets. Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and...
IMF flags debt restructuring hurdles, says banning crypto should be an option

IMF flags debt restructuring hurdles, says banning crypto should be an option

by AIP Online Bureau | Feb 25, 2023 | Eco/Invest/Demography, International News, Regulation, Technology

“We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued,” Georgieva said. “There has to be very strong push for regulation… if regulation fails, if...
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