by Michael
Key TakeawaysFCA guidance sets out which U.K. crypto firms need authorization under rules starting Oct. 25, 2027.U.K. banks can still restrict crypto transfers, limiting the impact of clearer FCA regulation.Applications open Sept. 30 as Parliament weighs broader rules... 
by Michael
Key TakeawaysPolish energy firm Orlen lost up to $424 million after a $230 million USDT advance for Venezuelan crude vanished via intermediaries.The failure highlights major counterparty risks when using tether as an off-ledger payment system for commodities.Three... 
by Michael
Key TakeawaysSeven Democratic senators renewed their commitment to the CLARITY Act.The Senate rejected cloture on H.R. 3633 in a 49-50 vote.Lawmakers say bipartisan negotiations will continue after the setback. Democratic Senators Renew CLARITY Act Push The push for... 
by Michael
Key TakeawaysAlderoty stressed that the 2023 federal court ruling established XRP is not a security.He pointed to SEC-CFTC guidance naming XRP a digital commodity.Alderoty expects future SEC and CFTC rulemaking to provide clearer crypto rules. Alderoty Says Ripple and... 
by Michael
Key TakeawaysRevolut reportedly sent records on 680 users after criminals posed as officials through a real Italian email system.The hacking syndicate dubbed Iamnotavillain demanded 6,000 monero (XMR), about $3 million, after obtaining Revolut customer files.... Translate »
