Bitcoin’s price pumped on news that the US Federal Reserve would cut rates by one quarter of a point. Crypto markets are up after the US Federal Reserve cut rates. But in other parts of the world, the picture isn’t so rosy. Thai bank customers are experiencing massive bank lockouts, and France says it could block companies operating on crypto licenses obtained in other parts of the European Union. Meanwhile, in Australia, securities regulators have made things easier for stablecoin distributors by scrapping a license requirement. Read more
State-run Romaero (RORX.RO), a strategic company for Romania’s aerospace and defense industry, has officially notified the Bucharest Stock Exchange on Friday that its general manager Bogdan Costas stepped down on September 18.
Stablecoins’ transparent blockchain nature could revolutionize financial crime detection, giving law enforcement unprecedented global transaction visibility. Opinion by: Debanjan Chatterjee, financial analyst The trajectory of the stablecoin industry is heavily influenced by warring factions on opposite sides debating possible criminal use. Stablecoin opposers point to transfers of illicit funds. Proponents argue that the transparent nature of blockchains can be used to detect such crimes. There is a lack of awareness of how a deep integration of stablecoins in global finance can drive the use of blockchain’s properties of immutability and transparency to fight financial crimes, even in traditional finance. Read more
The EU’s landmark crypto law was meant to unify the market with a single license. Less than a year in, diverging national approaches are raising fears of regulatory arbitrage and uncertainty. As the European Union rolls out its landmark Markets in Crypto-Assets (MiCA) framework, the law’s key promise of a unified market is already under pressure. In the latest episode of Byte-Sized Insight, Cointelegraph explored whether MiCA can live up to its promise. The regulation was designed to simplify operations for crypto firms by introducing a single licensing system across all 27 member states. Once licensed in one country, companies would be able to “passport” their services across the bloc without navigating a patchwork of local rules. Read more