CryptoBlog n.2306
Kraken has opened a derivatives trading platform in Bermuda, having received a license from the Bermuda Monetary Authority (BMA).
CryptoBlog n.2305
Russian banks will be allowed to block suspicious transactions involving the digital ruble (CBDC) in line with anti-money laundering regulations. Arthur Hayes has criticized central bank digital currencies as "Pure Evil," arguing that they provide governments with tools for repression and the ability to disconnect anyone from the financial system.
CryptoBlog n.2304
Gurbir Grewal, the SEC's Enforcement Division Director, is leaving the agency without highlighting future plans. Under his tenure, over 2,400 enforcement actions led to $20bn in penalties, 340 industry bars, and over $1bn in whistleblower awards.
CryptoBlog n.2303
BBVA is preparing to launch its own stablecoin next year with support from Visa. The bank is currently in the sandbox phase of Visa’s program that helps firms develop tokenized assets. BBVA aims to move to live testing by 2025. The bank hasn't yet decided whether its stablecoin will be backed by deposits, money market funds, or fiat currencies like the euro or U.S. dollar. The stablecoin is expected to be used as a settlement layer on exchanges for tokenized assembly, such as real estate and private credit funds.