At a session of the US Senate held on Wednesday, senior executives of the country’s major banks warned about the possible adverse consequences of increased regulation of the sector, particularly in relation to the implementation of the Basel III rules proposed by the Federal Reserve.
Basel III…
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financial regulations
Facebook expects new crypto to gain acceptance by authorities
The popular social network Facebook plans to boost its cryptocurrency with a new name next year. However, the final decision is up to financial regulators.
David Marcus, head of Facebook Financial or F2, assures that it is the right moment…
Jack Ma against excessive financial regulations
Jack Ma, known for being the founder of Alibaba, said he did not agree with financial regulations and the international banking system.
According to the executive, both parties are "stifling" technological innovation in the fintech sector.…
SEC reaches agreement with Longfin for fraud charges
Every day the regulatory agencies around the world are reqaching a very important role in the crypto world, in order to try to apply the existing financial regulations to the particular cases where cryptocurrencies or blockchain technology…
Metropolitan Commercial Bank handling millions from crypto companies
The Metropolitan Commercial Bank of New York is receiving high profits from the services and products it supplies to the crypto companies. Analysts say that it is an unprecedented situation.
Despite the current regulations on digital…