FSB's Nov 28, 2023 report targets major #cryptocurrency players, urging alignment with global #financial standards to curb frauds.

Emphasis on scrutinizing Multifunction #Crypto-asset Intermediaries, global cooperation enhancement ,and addressing disclosure gaps.https://coinpedia.org/news/fsb-proposes-stringent-global-crypto-regulations-to-curb-wire-fraud-and-scams/

#SBF's legal team opts not to file a post-trial motion, contrary to speculations about trial duration.

#FTX's #financial instability revealed as $8.8 billion liabilities loom despite recovering $5 billion; liquidation ongoing. #CryptoNews
https://coinpedia.org/news/ftx-trial-update-sam-bankman-fried-chooses-not-to-file-post-trial-motion/

Qatar's Sovereign Wealth Fund considers a $500 billion Bitcoin investment, sparking excitement in #financial circles.

#Bitcoin's price surges above $42,000 amid unconfirmed rumors, reflecting market optimism and responsive trends. #crypto
https://coinpedia.org/news/qatars-rumoured-500-billion-bitcoin-investment-fuels-crypto-market-excitement/

US Judge orders #Binance founder #CZ to stay in the US for six additional months. #Crypto

Ruling based on flight risk concerns and ongoing legal battles in the #financial world
https://coinpedia.org/news/binance-founder-cz-faces-extended-us-stay-amid-legal-challenges-a-deep-dive-into-the-case/

Latin America adopts a $562 billion #DigitalCurrency movement, driven by #financial inclusion & innovation.

Global #stablecoin settlements hit $7 trillion, challenging Visa and Mastercard dominance, with USDC playing a crucial role.
https://coinpedia.org/news/stablecoin-surge-7t-global-volume-rivals-visa-mastercard-51-latin-americans-shop-with-crypto/

The Philippine SEC clarifies, offering a three-month grace period before banning unregistered #financial institutions. #Cryptonews

Ban takes effect in three months; possible extension considered. SEC prioritizes stability for investors during Christmas.
https://coinpedia.org/news/crypto-crackdown-sec-philippines-gives-3-month-deadline-to-register-or-face-ban/

#ElonMusk envisions 'X' as a comprehensive social media and #financial platform with in-app payment services. #crypto

Musk targets mid-next year for X's full functionality, faces bureaucratic delays in money transmitter license approval.
https://coinpedia.org/news/elon-musk-unveils-xs-payment-service-plan-targeting-mid-2024-launch/

EU regulators, led by the European Banking Authority, investigate links between banks, NBFIs, and #crypto firms. #Cryptonews

EBA's examination aims to understand potential risks and impact of crypto connections on the #financial system.
https://coinpedia.org/news/eu-regulators-to-examine-interconnection-between-banks-financial-institutions-and-crypto-firms/

SEC files motion to compel #Ripple's disclosure of #financial documents, citing potential Howey test violations. #Crypto

Ripple denies violations, argues against considering post-2020 discovery, #XRP faces market drop below key support.
https://coinpedia.org/news/ripple-vs-sec-update-secs-new-demand-in-ripple-lawsuit/

Treasury Secretary Janet Yellen urges Congress for new #crypto laws to address systemic risks.

⚡️Proposed legislation focuses on regulating #stablecoins and non-securities crypto assets spot market.

⚡️ Yellen highlights concerns about stablecoins growth, money laundering, and their impact on #financial stability.

⚡️ Bipartisan deadlock slows crypto legislation; regulatory disagreement persists between #SEC and #CFTC.

⚡️ Yellen proposes a federal regulator for stablecoins and stresses the need for protections for stablecoin holders.