FTX founder Sam Bankman-Fried arrested in the Bahamas
Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, has been arrested in the Bahamas.
Metro Bank and two former directors fined for financial reporting breach
Source: FCA
The FCA has fined Metro Bank PLC £10,002,300 for breaching the Listing Rules by publishing incorrect information to investors.
Queen Máxima launches the CCAF Regulator Knowledge Exchange
The Cambridge Centre for Alternative Finance (CCAF) has launched a new digital hub designed to bring together regulators from across the globe, to collaborate and enhance their efforts to evolve financial services regulation.
FTX implosion shows need for crypto regulation - BofE's Cunliffe
The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto sector, says Bank of England deputy governor Jon Cunliffe.
Web3 companies collaborate to create Ethereum Climate Platform
Source: Consensys
This afternoon at COP27, the world’s largest gathering on climate action, a group of Web3 companies convened by ConsenSys and Allinfra, joined civil society leaders and the UNFCCC Climate Innovation Hub, to announce the creation of the Ethereum Climate Platform (ECP).
US Treasury calls for closer supervision of fintech-bank relationships
The US Department of the Treasury has called for greater regulation of fintech-bank partnerships in order to prevent abuses and protect consumers.
Binance chief downplays CBDC threat to crypto
Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.
OCC sets up fintech office
US regulator the Office of the Comptroller of the Currency (OCC) is setting up a financial technology unit to help it keep up with the "rapidly changing banking landscape".
