PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository […]

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Coinbase Says It’s ‘On Track’ to Become a Regulated Securities Firm

Cryptocurrency exchange Coinbase announced Wednesday that it was making strides toward its goal of operating a federally regulated broker-dealer. Chief operating officer and president Asiff Hirji wrote in a company blog post that the firm is in the process of acquiring a broker-dealer license, an alternative trading system license and a registered investment advisor license. […]

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Canadian Regulator Warns Against ‘Illegal’ Crypto Investment Scheme

A finance regulator in the Canadian province of New Brunswick has warned residents about investing in a so-called “cryptocurrency bank” and its associated token. In a March 5 statement, representatives from the Financial and Consumer Services Commission (FCSC) sounded the alarm about Bitcoin-bank.io, which according to its website promises a daily return on deposits through […]

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