Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | September 27, 2023
2023-09-27 12:09:00
Nomura's Laser Digital Receives Preliminary Approval for Abu Dhabi Operations
The Abu Dhabi Global Market (ADGM) has given preliminary approval to Laser Digital, Nomura Bank's digital assets arm, enabling it to provide broker-dealer and asset/fund management services for both digital and traditional assets. This reflects Nomura's dedication to expanding its presence in the digital asset sector and diversifying financial offerings.
US Lawmakers Push SEC Chair for Prompt Spot Bitcoin ETF Approval
U.S. Representatives, including Mike Flood, Wiley Nickel, Tom Emmer, and Ritchie Torres, criticized the SEC on September 26 for apparent bias against spot Bitcoin exchange-traded products. They cited the Grayscale Investments case, where the SEC's approval of Bitcoin futures-related investments was criticized as arbitrary. These lawmakers urged the SEC chair to reconsider denials of spot crypto ETF applications.
Enhancing Economic Stability: The Role of Bank Oversight in Central Bank Digital Currencies (CBDCs) Central bank digital currencies (CBDCs) have become a prominent topic in academia, geopolitics, and the cryptocurrency community. There is broad consensus among national leaders and global financial institutions, including the World Bank and International Monetary Fund, that CBDCs come with significant advantages, indicating their potential to bring about beneficial changes in the financial landscape. Ex-White House Official Takes Helm of Ripple's Policy and Government Division Lauren Belive, a former White House official, has assumed the position of leading Ripple's U.S. public policy and government division. In her LinkedIn announcement on September 26, she emphasized her role in advancing Ripple's engagement in Washington, D.C., and across the United States, leveraging her past experience with firms like Softbank Group, Zoom, and Lyft after her government tenure. Stablecoins Raise Financial Stability Concerns, Warns US Federal Reserve Banks The report, "Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?" analyzes investor behavior during stablecoin runs in 2022 and 2023, drawing parallels with money market fund runs in 2008 and 2020. It concludes that stablecoins and money market funds share similar run patterns, potentially posing a risk of financial instability. Major French Telecom Company's Significant Investment in the Local AI Industry" French telecommunications leader Iliad has announced a multi-million euro investment initiative on September 26 to strengthen France's artificial intelligence (AI) sector. They've acquired a top-tier supercomputer in Europe and are establishing an AI research lab in Paris, emphasizing their significant commitment to advancing AI technology within the nation. Taiwan Enacts Ban on Unregistered Foreign Cryptocurrency Exchanges Taiwan's Financial Supervisory Commission (FSC) is bolstering cryptocurrency investor protection with recent regulations. On September 26, the FSC issued industry guidelines for domestic virtual asset service providers (VASPs). It also mandates foreign VASPs to secure regulatory approvals from the FSC before they can operate within Taiwan, ensuring compliance with the commission's standards. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
