G7 Supports Stricter Crypto Regulation and Global Regulatory Framework for Cryptoassets
This rule requires service providers to share customer data The FATF believes this will solve the problem of tax defaulters The bloc is expected to present a draft global regulatory framework for cryptoassets in June The Group of Seven (G7) met in Nii ...
Federal Reserve Rejects Custodia Bank’s Membership Application Due to Inconsistent Business Model
The Federal Reserve Board of Directors has once again declined Custodia Bank's membership application, citing concerns about the bank's business model and its ability to meet the goals set out in the Federal Reserve Act. The Federal Reserve System officials noted that Custodia Bank's application ...