Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaking at an event on Thursday, Hsu – the acting comptroller of the Office of the Comptroller of the Currency (OCC) – told attendees that increased regulations for the stablecoin industry could also make innovations … [Read more...] about OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
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BitMEX Compliance Chief Malcolm Wright Jumps to Shyft Network
Malcolm Wright, the former chief compliance officer at BitMEX, has joined Shyft Network, a startup focused on helping cryptocurrency firms comply with global anti-money laundering (AML) rules.It’s a good fit for Wright, who is also co-lead of the AML working group at policy shop Global Digital Finance and an expert on the Financial Action Task Force’s data sharing requirements … [Read more...] about BitMEX Compliance Chief Malcolm Wright Jumps to Shyft Network
Binance.US Hires Intel’s Compliance Chief Majalya
Schroder’s bringing on of Majalya, the Binance.US CEO’s first executive in the “risk” division, telegraphs the exchange means business on the compliance front. That could be pivotal as U.S. lawmakers continue to apply pressure to the nascent crypto industry, which some have argued is under-regulated. Source link … [Read more...] about Binance.US Hires Intel’s Compliance Chief Majalya
Celsius’ Chief Revenue Officer Launched a Business With a Convicted Money Launderer: Report
Cohen-Pavon, a former attorney who joined London-based Celsius in September 2020, set up NNY Capital Ltd. on May 5, 2021, with Oved, who later transferred his shares to his wife, Liat Kurtz-Oved, the owner of an Israeli call center that ran the binary options website PlusOption.com, the online newspaper reported. Source link … [Read more...] about Celsius’ Chief Revenue Officer Launched a Business With a Convicted Money Launderer: Report
Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender.Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally.This isn’t the first … [Read more...] about Bank of England chief expresses concern over El Salvador’s Bitcoin experiment