Category: rescinds
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SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
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In a landmark decision, the US Securities and Exchange Commission (SEC) Officially cancelled Staff Accounting Bulletin (SAB) No. 121, a controversial rule that has long hindered banks from offering bitcoin and crypto custody services. The move, announced Thursday, signals a major shift in the SEC’s approach to regulating Bitcoin and…
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SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
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In a landmark decision, the US Securities and Exchange Commission (SEC) Officially cancelled Staff Accounting Bulletin (SAB) No. 121, a controversial rule that has long hindered banks from offering bitcoin and crypto custody services. The move, announced Thursday, signals a major shift in the SEC’s approach to regulating Bitcoin and…
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Canada’s WestJet Airlines says union rescinds strike notice By Reuters
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(Reuters) – Canadian airline WestJet Airlines said on Thursday it was working to resume normal operations after the union representing its maintenance engineers lifted a strike notice, with both sides agreeing to return to the negotiating table. WestJet, which is backed by Onex Corp and competes with Air Canada, is…
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Turkey rescinds relaxations on trade with Israel
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Yesterday, the Turkish Ministry of Trade distributed a directive to exporters of construction materials to Israel allowing them to resume trade for a period of three months, despite the comprehensive ban announced by Turkey on exports to Israel. But reports in the Israeli press and media, as well as a…