Shyft Network Mar 16 · 2 min read The recent failure of two crypto-friendly banks has highlighted the need for strong banking partnerships in the crypto industry. Xapo Bank’s move to offer stablecoin services positions the institution as a trustworthy partner committed to serving the needs of the crypto community. Recently Xapo also integrated with … Read more
Shyft Network Mar 13 · 3 min read Welcome to another edition of Veriscope Regulatory Recap! This week, we have covered the debate on crypto regulations in the US House of Representatives, India enforcing KYC/AML requirements to crypto businesses, and the UK’s FCA Chair calls stringent crypto regulations a must to prevent money laundering risks. … Read more
Shyft Network Mar 7 · 4 min read The IMF has released a paper addressing concerns raised by member countries on the risks and benefits of crypto and how to structure appropriate policy responses. The paper sets out a framework of nine elements to help member countries develop a comprehensive, consistent, & coordinated policy response. … Read more
Shyft Network Mar 6 · 5 min read Monday blues? Not anymore, as you can start the week on a strong note with Veriscope Regulatory Recap. So, what have we got this week? A recent G20 meeting of finance ministers and Central Bank Chiefs concluded with strong commitments to the crypto sector, France moves ahead … Read more
Shyft Network Feb 27 · 4 min read It’s Monday, so it’s time for the Veriscope Regulatory Recap. What have we covered this week? FATF’s call for global adoption of the Crypto Travel Rule, Hong Kong plans to legalize retail crypto trading, Israel sets clear guidelines for stablecoins, and the EU considers speeding up crypto … Read more
Shyft Network Feb 20 · 4 min read We’re back with another in-depth edition of Veriscope Regulatory Recap. This week, we cover New Jersey’s New York-like crypto regulatory framework, the Indian Finance Minister’s call for global collaboration on crypto regulations, France to turn up the heat against crypto businesses, and Oman to create new crypto … Read more
Shyft Network Dec 22 · 4 min read NYDFS issued guidelines to tighten the pre-license verification process for banking organizations planning to engage in crypto activities. The guidelines will apply both to local financial institutions as well as local branches of foreign financial entities with NYDFS licenses. Banks need to provide information & & documents … Read more
Shyft Network Dec 19 · 4 min read Welcome to another exciting edition of Veriscope Regulatory Recap. This week’s crypto regulatory updates mostly revolve around different agencies, authorities, and commissions, such as the US FSOC, BaFin (Germany), G20 committee, and Basel committee on banking, insisiting on stricter crypto regulations, and the response of the ecosystem. … Read more
Shyft Network Dec 16 · 4 min read The back-to-back setbacks the crypto industry experienced in 2022 are playing in favor of vocal crypto critics, including prominent lawmakers, who have begun directing a barrage of criticism against everything the crypto ecosystem stands for. Just a few days ago, Sens. Elizabeth Warren and Marshall presented the … Read more
Shyft Network Dec 16 · 3 min read With 2022 proving to be a challenging year for crypto investors, the Financial Stability Board (FSB) calls for regulating the crypto industry to protect common investors. The FSB will release a set of global standards on crypto regulations early next year to bring the industry on par … Read more
