Steve Kokinos, Creditors Named to Run Celsius 2.0
Executives from WeWork, Lehman Brothers, US Bitcoin, and Arrington Capital will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee.
Regulations
India Will Decide on Its Crypto Stance in Coming Months
India’s individual position on crypto will be analyzed and decided on in the coming months after considering what global leaders agreed to as an acceptable framework for crypto rules as part of the Group of Twenty (G20) deliberations.
FASB Says Crypto Assets Should Be Marked at Current Values
The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB).
Blanket Crypto Bans Won’t Work, IMF and FSB Warn in Joint Paper
The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks.
Find Who’s Responsible for DeFi Projects and Regulate Them, Global Securities Body Says
Iosco worries decentralized financial applications could harm investors and markets – and casts doubt on their main premise
Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg
Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg
SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.
U.K. Crypto Firms Can Apply for 3-Month Reprieve to Comply With Tough New Ad Rules
Bans on aggressive marketing were set to take effect in October, but companies can apply to delay some aspects until January.
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Taiwan Crypto Watchdog to Issue 10 Guiding Principles for Virtual Assets in September: Report
The East Asian country plans on setting out that crypto businesses should keep customers payments separate from their own tokens and that unregistered overseas firms should not solicit business in the country.