Category: Regulators
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Coinbase Urges US Regulators For Crypto Banking Clarity
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Modern reports claim that Coinbase seeks clarity on the state of CRYPTO banking services. In a speech, it was claimed that the stock exchange urged the American organizers to confirm whether banks could provide services to the encryption companies. The move comes before the US Congress session regarding the “CokkePoint…
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Coinbase Urges US Regulators For Crypto Banking Clarity
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Modern reports claim that Coinbase seeks clarity on the state of CRYPTO banking services. In a speech, it was claimed that the stock exchange urged the American organizers to confirm whether banks could provide services to the encryption companies. The move comes before the US Congress session regarding the “CokkePoint…
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Regulators finally approve Nvidia’s $800m acquisition of Run:AI
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In April, US AI chip giant Nvidia Corp announced that it had acquired an Israeli company to coordinate and manage AI infrastructure. Run: You have. The acquisition has since been halted due to an investigation by the US Antitrust Authority. But the deal was closed today after US and EU…
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Ripple CEO Announces Approval For RLUSD Stablecoin By New York Regulators
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Ripple CEO Brad Garlinghouse revealed on Tuesday that the New York State Department of Financial Services (NYSDFS) has given final approval to the company’s inaugural stablecoin, RLUSD. Ripple is preparing to enter the stablecoin market with Release RLUSDRipple hopes to provide a reliable option for customers interested in digital currencies…
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India Cracks Down On Crypto: Regulators Favor CBDC In Push Vs. Bitcoin & Co.
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India leans towards total ban of private cryptocurrencies such as Bitcoin and Ethereum in an attempt to regulate risk in their current volatile market. The government said it would favor central bank digital currencies (CBDCs), because they offer all the benefits of private cryptocurrencies, without the potential for instability or…
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Regulators Claim Over $19 Billion In Crypto Settlements For 2024
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The cryptocurrency industry has faced a significant surge in regulatory scrutiny in recent years, with U.S. authorities aggressively pursuing enforcement actions against non-compliant entities. In a groundbreaking development, regulators have collected over $19 billion in settlements from crypto companies in 2024, marking a remarkable 78% increase from the previous year’s…
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Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
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(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
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Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters
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(Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…
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US regulators probe Delta ground accident at Atlanta airport By Reuters
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By David Shepardson ATLANTA (Reuters) – The wing of a Delta Air Lines Inc plane collided with a regional jet as it was heading to Atlanta for departure on Tuesday, damaging both aircraft, a federal agency and the airline said. The accident caused significant damage to the tail of the…
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Stellantis-owned Chrysler to recall about 1.2 million vehicles, US regulators say By Reuters
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Stellantis-owned Chrysler is recalling about 1.2 million vehicles in the United States because of a software defect in the anti-lock braking system that could increase the risk of a crash, the National Highway Traffic Safety Administration said Saturday. The regulator said the 1,227,808 vehicles being recalled by Stellantis Inc. (NYSE:STELLANTIS)…
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US regulators fine Citi $136 million for failing to fix longstanding data issues By Reuters
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By Michelle Price, Beth Schroeder, and Tatiana Bautzer WASHINGTON (Reuters) – U.S. banking regulators have fined Citigroup Inc $136 million for making “insufficient progress” in fixing data management issues identified in 2020 and required the bank to demonstrate it is devoting sufficient resources to the effort. The U.S. Federal Reserve…
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Talen asks US regulators to reject challenge to Amazon data center deal By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Talen Energy Inc. has asked U.S. regulators to dismiss a challenge to its recent data center deal with Amazon.com Inc. that is being challenged by a group of electric utility companies that say the deal could raise consumers’ electricity bills, according to…
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Top U.S. regulators find shortcomings in living wills of JPMorgan, BofA, Goldman, Citi
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Editorial LewisTsePuiLung/iStock via Getty Images The Federal Reserve and the Federal Deposit Insurance Corp. said Friday they had identified deficiencies in JPMorgan Chase’s so-called living will plans (New York Stock Exchange: JPM), Goldman Sachs (New York Stock Exchange: A), American bank (New York Stock Exchange: PAC(Citigroup)New York Stock Exchange: CAccording…
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Regulators Conducted Preliminary Reviews on Potential Prop Trading Regulations
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The growing popularity of trader-funded companies, marketed as leveraged trading companies, has attracted the attention of regulatory bodies. An industry source said Finance poles The European Securities and Markets Authority (ESMA) recently conducted a preliminary examination on these supporting trading companies and also discussed potential regulations in the industry. However,…
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Argentinian Regulators Talk Bitcoin Adoption With El Salvador
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On Thursday, May 23, Argentina’s National Securities Commission (CNV) participated in discussions with El Salvador’s National Commission for Digital Assets (CNAD). This meeting highlights the growing interconnectedness between the two countries, with a particular focus on Bitcoin (BTC) adoption and regulation strategies. Will Argentina follow El Salvador’s Bitcoin path? Roberto…
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Argentinian Regulators Talk Bitcoin Adoption With El Salvador
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On Thursday, May 23, Argentina’s National Securities Commission (CNV) participated in discussions with El Salvador’s National Commission for Digital Assets (CNAD). This meeting highlights the growing interconnectedness between the two countries, with a particular focus on Bitcoin (BTC) adoption and regulation strategies. Will Argentina follow El Salvador’s Bitcoin path? Roberto…