Warning that the risks decentralized finance (DeFi) pose are quickly evolving as the crypto-based markets grow to the point where they are “cloning” mainstream financial markets, an international group of securities regulators announced a push to create a coordinated global response. Get the Full Story...
Cynthia Elizabeth Tarrago Diaz, once a member of Paraguay’s Congress, was sentenced to prison for her role in an international money laundering scheme, the U.S. Department of Justice reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy...
The new European Digital Markets Act which aims to rein in Big Tech may enter into force by the end of the year after the EU institutions reached an agreement on Thursday on the final text of the bill. Get the Full Story Complete the...
The Council and the European Parliament on March 24 reached a provisional political agreement on the Digital Markets Act (DMA). Final technical work will be finalized in the coming days, but this agreement marks the beginning of the countdown for the implementation of this new...
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Two defendants have been charged with conspiracy to commit wire fraud and conspiracy to commit money laundering in connection to a non-fungible token (NFT) scheme, according to a Thursday (March 24) press release from the Department of Justice. Get the Full Story Complete the form...
Google parent Alphabet has urged a judge at its antitrust case to reject requests from the Justice Department that it be sanctioned over allegations of attorney-client privilege abuse, Reuters reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and...
The Bank of England (BoE) published a report on Thursday (March 24) suggesting that a new legal framework to regulate crypto assets is needed, but most notably, the report focuses on stablecoins and the need to bring them under the Bank´s remit to control any...
Decentralized finance is a growing threat to economic stability that must be reined in and regulated by international cooperation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
