Bitcoin
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Framing the Issue: A US strategic bitcoin reserve
Global financial destablilizer or shock absorber?
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Binance Australia fined $6.9m for client onboarding failures
Binance has accepted exposing 524 retail investors to high-risk crypto products by misclassifying them as wholesale clients. The company had already compensated those clients in 2023.
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Use of crypto as derivatives collateral outlined in CFTC factsheet
Guidance keeps limits on uncleared swaps, applies haircuts, and requires FCMs to meet reporting and operational requirements under a no-action pathway.
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FCA takes action against HTX crypto exchange for illegal promotions
New customers can no longer open accounts on the firm’s website, but existing ones still risk losing money as there are no protective measures in place.
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CFTC launches Innovation Advisory Committee
The advisory group will draw on industry heavyweights and public interest commentators to explore how new technologies can benefit markets and investors.
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Crypto wrap: Poland MiCA veto, Omfif against stablecoin ban, CFTC stablecoin collateral for derivatives
Our roundup of key crypto regulation stories.
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BitQueen’s £5.5 billion fraud busted and Qian jailed after cross-border efforts
Metropolitan Police secure successful conviction after seven-year investigation with CPS, NCA and international cooperation.
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Podcast: Daniel Payne on the GENIUS Act and crypto optimism
The GENIUS Act is now law, but its key provisions and enforcement do not take effect immediately. We talked about its significance and why it’s on the agenda now.