Study finds central bank digital currencies may trigger stronger forex controls
A study by the Bank for International Settlements (BIS) has discovered the introduction of central bank digital currencies (CBDCs) may lead to greater foreign exchange controls.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
Bank of England paper provides stablecoin regulatory stance
A Bank of England (BofE) paper has highlighted that stablecoins used as money should be expected to face the same regulatory standards as those attached to bank deposits.
FCA warns cryptocurrency companies are failing to meet UK AML requirement
The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.
Ransomware DarkSide made $90m in ransom payments, blockchain firm finds
Blockchain analysis firm Elliptic has discovered the DarkSide ransomware variant made an estimated $90m in ransomware payments since October 2020.
SmartStream aims to join up data dots through its expansion of APIs
The SmartStream Reference Data Utility (RDU) was founded with Tier 1 partner banks to help them improve operational control, cut cost and comply accurately with the regulators. In a short space of time, the company has already onboarded an extensive list of clients for its reference data services, but it plans to go one step further by extending its offering with an instantly deployable suite of APIs.
Chinese associations call for crypto crackdown citing safety concerns
Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
BigID rakes in $30m investment to bolster unicorn status
US data intelligence firm BigID has secured $30m in financing from global private equity investor Advent International.
Deep Instinct eyes ‘hyper-growth’ as it snares $100m Series D
Cybersecurity enterprise Deep Instinct has closed a $100m Series D funding led by global asset juggernaut BlackRock.
