firms

crypto news brain neural networks city background bright tones low poly style 1

Crypto firms turn to Swiss banks following Signature, Silvergate collapse

0xMain
March 22, 2023

banks, collapse, Crypto, firms, Hacking, Signature, Silvergate, Swiss, turn

The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation. As regulators crack down on banking institutions dealing with digital assets, in what industry...

cryptonews law court people silhouettes haze daylight from windows holography cartoon style

France’s National Assembly approves stricter licensing rules for crypto firms

0xMain
March 1, 2023

approves, Assembly, Crypto, firms, Frances, Hacking, licensing, National, rules, stricter

France has taken a significant step towards implementing new cryptocurrency regulations, with the National Assembly voting in favor of stricter licensing rules for crypto firms. The move aims to bring French laws in line with anticipated European Union (EU) standards and bolster the...

cryptonews court session blurry figures judge dark tones sixties retro futuristic

US SEC to vote on new rule overseeing crypto firms as qualified custodians

0xMain
February 14, 2023

Crypto, custodians, firms, Hacking, overseeing, qualified, rule, SEC, vote

Per a recent Bloomberg report, the commission is working on a draft proposal that would make it difficult for crypto firms to operate as “qualified custodians”. The US Securities and Exchange Commission (SEC) plans to propose new regulations this week that could affect...

Crypto firms face uphill battle to meet FCA standards

0xMain
January 26, 2023

battle, Crypto, face, FCA, firms, Hacking, meet, standards, uphill

In a concerning discovery, a new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its minimum standards. Published on Jan. 26, the report, which the...