OMGFIN Daily News

Central Banks to set standards on banks’ crypto exposure: BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025. A global standard for banks’ exposure to c...
Mon, 19 Dec, 2022 at 12:48 AM
New House Financial Services Committee chair wants to delay crypto tax changes
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.  ...
Mon, 19 Dec, 2022 at 4:24 AM
Crypto’s regulatory fate will be decided in the year ahead
Congress is set to take up a slew of legislative proposals in 2023 that will determine which regulators have chief domain over cryptocurrency.  It ...
Wed, 21 Dec, 2022 at 1:57 AM
Next House committee chair reintroduces bill on crypto innovation
Under the bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory...
Wed, 21 Dec, 2022 at 5:07 AM
Crypto could spark the next financial crisis, says India’s RBI head
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown. ...
Thu, 22 Dec, 2022 at 12:52 AM
Digital euro settlement, distribution options detailed in latest progress report
The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even ...
Thu, 22 Dec, 2022 at 4:02 AM
Brazilian president signs crypto bill into law
The law includes many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset servic...
Fri, 23 Dec, 2022 at 2:36 AM
Marshall Islands legally recognizes DAOs as domestic limited liability companies
The law enables legal entities registered in the country to formally adopt DAO structures and governance tools. The Republic of the Marshall Islands, AN i...
Fri, 23 Dec, 2022 at 3:58 AM
US Senator Introduces Bill to Regulate Payment Stablecoins
A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will ...
Fri, 23 Dec, 2022 at 4:33 AM
ECB to Decide Whether to Issue Digital Euro in 2023
The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research wil...
Mon, 26 Dec, 2022 at 1:14 AM