China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry. All cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated on the market, ...Read More

Global cryptocurrency exchange Binance has hired a former regulator as the new CEO for its operations in Singapore. Binance aims to become “a leader in regulatory compliance” as it pivots into a financial services company amid intense scrutiny from regulators worldwide. Binance Singapore Boosts ...Read More

The Biden administration is vetting a new candidate for the job of top banking regulator after abandoning two earlier choices because a fight broke out within the Democratic Party. If the candidate — Saule Omarova, a professor of banking law at Cornell University Law ...Read More

Ripple chief executive Bradley Garlinghouse said US regulators’ belief that there is already a lot of clarity around cryptocurrencies was like an addict’s belief that they don’t have a problem. Garlinghouse, whose company’s XRP token is at the center of a lawsuit launched by ...Read More

Cryptocurrency exchange Binance has been banned from operating in the U.K. by the country’s markets regulator, in the latest sign of a growing crackdown on the crypto market around the world. Britain’s Financial Conduct Authority said Saturday that Binance Markets Limited, the U.K. division of Binance, ...Read More

When the pandemic hit, we certainly sensed there would be a strong impact on our social lives. But what was not immediately apparent was the extent that Wall Street and its regulated financial services employees would be affected. The work-from-home revolution had arrived, and ...Read More

In his highly anticipated Senate hearing this morning, SEC Chair candidate Gary Gensler presented tech savvy and powerful understanding of the regulatory challenges facing the crypto industry.  Gensler’s opening statement stressed “strengthening transparency and accountability in our markets, so people can invest with confidence, and be ...Read More