ECB: Crypto Assets don’t ‘currently pose an immediate threat’ to financial stability
ECB report examines recent developments in the crypto assets market and unfolding links with financial markets and the economy.
Regulation
Basel Committee issues stark warning on crypto-assets
The Basel Committee on Banking Supervision expects banks to do their due diligence before acquiring exposures to crypto-assets.
Regulation
ESMA chair wants objectivity, open minds for crypto-asset regulation
Steven Maijoor also talked down development of a bespoke regulatory regime for crypto-assets during keynote speech in Brussels.
B2C2 gets FCA approval for crypto CFD product
Liquidity provider B2C2 gains authorisation from the FCA to offer contracts for difference (CFDs).
UK’s FCA takes first step to regulating crypto assets
FCA has published its consultation on crypto assets and is considering a ban on certain crypto asset derivatives being sold to retail investors.
Regulation
ESMA: Crypto platforms should trade under MiFID II rules
Platforms trading crypto-assets that qualify as financial instruments should be subject to the rules, but ESMA has advised a bespoke regime be implemented for firms trading crypto-assets outside of the MiFID scope.
BitGo appoints CEO for custody business
Richard Corcoran to take helm of recently-established BitGo Trust Company.
SEC chair says custody and manipulation concerns holding back ETF approvals
US regulator highlights two main issues holding back Bitcoin ETFs in fireside chat at Consensus Invest.
Digital asset firms unite to form new markets association
Association for Digital Asset Markets (ADAM) set up by digital asset firms to establish standards for market participants.
Digital asset sec lending platform gains in-principle DLT provider status in Gibraltar
Lendingblock gains in-principle authority in Gibraltar to operate as a DLT provider, as it begins onboarding institutions ahead of launch early next year.