Kraken Crypto Site Buys CFTC Exchange

Another prediction market could soon see the light of day in the United States: Kraken. The Wyoming-based cryptocurrency exchange on Thursday announced a $100 million purchase of Small Exchange, which is registered with the Commodity Futures Trading Commission (CFTC) as a Designated Contracts Market (DCM) and is therefore able to operate as a federally regulated…

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G20 risk watchdog warns of ‘significant gaps’ in global crypto rules

There are “significant gaps” in countries’ attempts to regulate fast-growing crypto markets, which could potentially harm financial stability, the G20 risk watchdog warned on Thursday. THE Financial Stability Board (FSB), an organization founded in the wake of the global financial crisis, has made a series of recommendations on the rules relating to cryptocurrencies in 2023,…

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Federal government greenlights Palmer Luckey’s crypto-friendly banking startup Erebor

Erebor, Palmer Luckey’s ambitious crypto-friendly digital banking startup, has received conditional approval from regulators to begin operations, federal officials announced Wednesday. As The Post was first to report, Luckey, the 32-year-old tech mogul known for running the fast-growing defense company Anduril, is a major backer of Erebor — which aims to provide a stable option…

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Serbia plans to monitor crypto and stablecoin flows across the country

TLDR Serbia has announced plans to implement a system that monitors cryptocurrency and stablecoin transactions in real time. The new platform will allow authorities to track wallet activity and quickly detect suspicious transactions involving Serbian residents. The system is to cover ten major cryptocurrencies and stablecoins, including Bitcoin, Ethereum, Tether and USD Coin. Serbian regulators…

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