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news.bitcoin.com New York Regulator Clarifies Rules on Sub-Custodians and Customer Asset Segregation

The New York State Department of Financial Services (DFS) has issued updated guidance on customer protection for virtual currency assets during insolvency. Emphasis on Customer Protection and Sub-Custody The New York State Department of Financial Services (DFS) has released an updated guidance concerning customer protection for virtual currency assets in the event of an insolvency. […]

bitcoinist.com Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

The European Central Bank (ECB) is reportedly gaining traction in its pursuit of a ban on multi-issuance stablecoins across the European Union (EU). This move comes in light of recommendations from the European Systemic Risk Board (ESRB), which is tasked with safeguarding Europe’s financial integrity. Multi-Issuance Stablecoins Under Fire Last week, the ESRB approved a […]

bitcoinist.com Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty

A Chinese national, “Zhimin Qian” (also known as “Yadi Zhang”), has pleaded guilty in London to offences linked to what authorities call one of the largest cryptocurrency seizures on record. Related Reading: Crypto Kings: Singapore And UAE Dominate Global Digital Currency Usage – Study According to court records, she admitted two counts under the Proceeds […]