The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin. Author: Sandali Handagama
Archives for December 2023
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer’s funds from the failed crypto firm’s estate. Author: Elizabeth Napolitano
CFTC Pushes FTX-Inspired Rule to Protect Customers’ Money
Author: Nikhilesh De, Jesse Hamilton
FASB Confirms ‘Fair Value’ Approach for Corporate Crypto Holdings
The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize “fair value” changes in crypto holdings. Author: Nikhilesh De
Cantor Fitzgerald CEO Is a Bitcoin Maxi and Tether Fan
Cantor Fitzgerald is one of the custodians for Tether’s $90 billion worth of treasuries. Author: Sam Reynolds
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