Regulatory Developments 88 | MachinaTrader.com

Singapore’s Monetary Authority Unveils Comprehensive Digital Money Strategy, Focusing on Wholesale CBDC and Tokenized Bank Liabilities

The Monetary Authority of Singapore (MAS) has unveiled its digital money strategy, focusing on wholesale central bank digital currency (CBDC), tokenized bank liabilities, and regulated stablecoins. This comprehensive vision positions Singapore as a frontrunner in the digital finance landscape. MAS aims to facilitate interbank settlement through the development of a wholesale CBDC, with local banks […]

Coinbase Receives Regulatory Approval for Crypto Futures Trading in the US

Coinbase, a leading digital currency exchange, has received regulatory approval from the National Futures Association (NFA) to introduce crypto futures trading in the United States. This comes after a two-year application process and positions Coinbase as a Futures Commission Merchant (FCM). While the service is not immediately accessible, interested individuals can sign up for an […]

WisdomTree Resubmits Bitcoin ETF Proposal to SEC, Reflecting Growing Institutional Interest

WisdomTree, a major player in the financial industry, has resubmitted its proposal for a spot Bitcoin Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This move is significant as it could pave the way for mainstream investors to gain exposure to Bitcoin through traditional financial markets. Despite a setback in October 2022 […]

Cryptocurrency Exchange Dasset Enters Liquidation, Customers Unable to Access Funds

In a surprising turn of events, Dasset, a well-established cryptocurrency exchange based in New Zealand, has announced that it is entering into liquidation. This decision comes as a blow to the exchange’s customers, who are currently unable to access their funds. Reports indicate that some customers have been experiencing difficulties withdrawing their funds for several […]

Citibank Ordered to Pay $1.4 Million for Discriminating Against Armenian Americans

The Consumer Financial Protection Bureau (CFPB) has ordered Citibank to pay over a million dollars to potential customers who were treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to people based on their heritage. Specifically, the bank discriminated against Armenian Americans between 2015 and 2021 when denying […]

Citibank Ordered to Pay $1.4 Million for Racially Profiling Armenian American Customers

The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, a major financial institution, to pay over a million dollars to potential customers who were racially profiled and treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to a specific group of people based on their heritage. Specifically, the […]

Potential Complications Ahead for Bitcoin ETF Approval, Says BitGo CEO

BitGo CEO Mike Belshe recently shared his cautious outlook on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. SEC. While he remains optimistic about the potential approval, he also acknowledges that there may be additional hurdles to overcome. One of the key concerns highlighted by Belshe is the SEC’s insistence on the […]

Fidelity Investments Files for Ethereum Spot ETF with SEC

Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This is the second ETF filing by Fidelity, following their previous filing for a Spot Bitcoin ETF. The filing outlines the framework for listing and trading Trust shares on […]

Deepening Reforms: Industry-Finance Treasury Forum Explores Path to World-Class Enterprises

As industry and finance continue to converge, the construction of treasury systems is becoming increasingly important for companies. This transition from cash management to synergistic growth requires a more centralized and secure approach to fund management. One strategic starting point for building treasury systems is leveraging supply chain finance. By deepening the integration of business […]

Fidelity Files for Ethereum ETF, Expanding Crypto Offerings in Response to Growing Demand

Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange owned by Cboe Global Markets. This move comes as Fidelity seeks to expand its crypto offerings, following in the footsteps of rival […]