From debt to equity and funds management to derivatives, established primary and secondary markets are being transformed by decentralized technologies—and regulators are keeping a close watch on the changes. As the industry around blockchain and digital assets matures, we are seeing tangible use cases emerge. But what are the potential challenges and policy implications as
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The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb. 18–19, 2020. As Cointelegraph reported recently, following Telegram’s counterclaim on Oct. 16, where the firm argued that its native
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American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients.
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German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin. At the International Monetary Fund and World Bank fall meeting on Friday, Scholz stressed that stablecoins could pose international risks, Reuters reported on Oct. 18. Scholz expressed his utter skepticism regarding
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