FCA Wins £851,402 Orders After £1.54 Million Crypto Fraud
Two convicted operators of a fake crypto investment scheme face £851,402 in confiscation orders after at least 65 investors lost £1.54 million.
Category: Digital Assets
US Seeks Forfeiture of $84.2M From Capstone Payment Accounts
A US civil forfeiture case targets about $84.2 million in bank and USDT assets tied to Capstone, an intermediary used by EQIBank for dollar payment access.
Fed Proposes Stablecoin Reserve, Capital and Redemption Rules
The Federal Reserve has proposed a supervisory framework for payment stablecoin issuers covering reserves, capital, redemptions, custody and bank applications.
ECB Launches Pontes but Leaves Tokenised Investment Size and Timing Open
The ECB has launched its initial Pontes settlement service and plans to invest part of its own funds in tokenised securities, but key investment terms remain undecided.
Reported Lagarde Intervention in Binance Bid Tests MiCA Licensing Independence
A report that ECB President Christine Lagarde intervened in Binance’s Greek MiCA application raises questions about licensing independence and EU supervisory boundaries.
CLARITY Act Stalls After Senate Rejects 49-50 Cloture Bid
A 49-50 Senate cloture defeat blocked debate on the CLARITY Act, leaving digital-asset firms and payment stablecoin programs without the proposed framework.
CoinEx Sets December 22 Withdrawal Deadline in Exchange Wind-Down
CoinEx is ending exchange operations in stages, with spot trading due to stop September 29 and withdrawals closing December 22.
MAS Stablecoin Plan Adds Labeling, Redemption and Wind-Down Controls
Singapore’s central bank is consulting on a stablecoin regime covering regulated labels, par redemption, foreign recognition and issuer wind-down planning.
BIS Warns Stablecoin Scale-Up Still Lacks Core Payment Safeguards
BIS General Manager Pablo Hernández de Cos said stablecoins still face unresolved gaps in par redemption, cross-chain interoperability and financial-integrity controls.
Bank of Italy Test Finds Stablecoin Remittance Costs Hinge on Fiat Ramps
A Bank of Italy field test found no systematic cost advantage for USDC remittances. Exchange pricing, funding methods and domestic payment rails determined the outcome.
SEC Proposes Crypto Offering Exemptions and Conditional Safe Harbor
The SEC’s proposed Regulation Crypto Assets would add two offering exemptions, disclosure duties and a conditional safe harbor for certain crypto transactions.
Apple Sued Over Fake Sparrow Wallet App and $1.8M Loss Claim
Three users allege Apple’s App Store distributed a fake Sparrow Wallet app that led to more than $1.8 million in bitcoin losses.