Bithumb, South Korea’s second-largest crypto exchange, is closing its USDT market and order-book-sharing with Australia’s Stellar Exchange after only two months, amid regulators’ scrutiny of anti-money laundering controls. The shutdown took effect at 11:00 …
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Regulatory
Ant Group, the financial technology giant backed by Alibaba, has registered a trademark for “Antcoin” in Hong Kong, signaling a renewed push into blockchain-based finance even as Chinese regulators step up pressure on crypto …
During D.C. Fintech Week in Washington, D.C. this past week, I moderated a conversation about how decentralized finance (DeFi) projects could be compliant with different regulations. You’re reading State of Crypto, a CoinDesk newsletter …
Web3 Technology
FSB Warns of ‘Cascading Failures’ Due to Crypto Regulatory Arbitrage
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In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in …
