Industry pushes back again on Basel Committee crypto plans
A group of industry associations has pushed back against a second Basel Committee on Banking Supervision consultation on the rules on investments in crypto assets by financial institutions, calling for a host of changes.
Morgan Stanley hit with $35m penalty for device disposal failings
Morgan Stanley Smith Barney (MSSB) has been slapped with a $35 million penalty for failing to protect the personal identifying information (PII) of about 15 million customers.
White House sets out digital asset framework
The White House has put together a framework for the "responsible development" of digital assets that includes a more aggressive push by regulators to take on fraud in the sector.
Class Action lawsuit claims Coinbase failed to protect customers from fraud
The world's largest crypto exchange, Coinbase, is facing a Federal Class Action lawsuit over allegations that it failed to secure user accounts from hackers and thieves.
FCA fines Citi £12.5m for trading oversight failings
The UK's Financial Conduct Authority (FCA) has levied a £12.5m fine against Citigroup Global Markets over past failures to police its trading activity.
SEC investigates Coinbase over securities - Bloomberg
The US Securities and Exchange Commission (SEC) has launched an investigation into whether Coinbase let customers trade digital assets that should have been registered as securities, according to Bloomberg.
Apple faces US antitrust suit over Apple Pay
Apple is facing an antitrust class-action lawsuit in the US accusing it of illegally profiting from card issuers through policies that prevent competition to its Apple Pay wallet.
FSB stresses need for regulation of crypto-assets
Source: FSB
Against the backdrop of the recent turmoil in crypto-asset markets, the Financial Stability Board (FSB) made the following statement today on the international regulation and supervision of crypto-asset activities.
