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.

#Bakkt Holdings, Inc. expresses confidence in operations despite SEC filing concerns about #funding. #cryptoNews

Bakkt emphasizes transparency, compliance, and commitment to clients, plans detailed #financial insights in upcoming earnings announcement.
https://coinpedia.org/news/bakkt-expresses-confidence-to-continue-business-despite-financial-uncertainty-in-previous-sec-filing/

NZ Central Bank Chief: "Printing money for fools is a great business to be in" #CryptoNews

🔵 New Zealand Central Bank Governor Adrian Orr joked about the central banking system during a parliamentary meeting.

🔵 #Bitcoin advocates perceive truth in Orr's jest, emphasizing Bitcoin's independence from government manipulation.

🔵 The majority of the #cryptocurrency community sees central bank digital currencies (#CBDC) as potentially restricting #financial freedoms.

🔵 Adrian Orr expressed concerns about decentralized digital currencies like Bitcoin, emphasizing their perceived shortcomings as money.

Top #CryptoNews In Last 12 Hours

1️⃣ #Bitcoin's #marketcap surpasses $1 trillion as price hits $51,000; ,marking milestone in #cryptomarket history.

2️⃣EU committee approves groundbreaking #AI legislation, setting global precedent, to regulate diverse industries; enforcement expected by 2026.

3️⃣ Japan's #financial regulator suggests banks enhance user protection, potentially disrupting P2P #crypto transactions to prevent fraud.

4️⃣US Treasury official Brian Nelson urges Congress for expanded authority to combat crypto-related illicit finance.

5️⃣US #CPI data beats expectations. CME predicts 92% chance #FOMC keeps rates unchanged in March; 62.1% chance of May rate cut.

February 20th hearing crucial for SEC vs #Ripple battle, focusing on #financial documents and potential sales injunction. #Cryptonews

Ripple's future #XRP sales to institutional clients hinge on court's decision, impacting potential SEC registration requirement.
https://coinpedia.org/news/ripple-vs-sec-attorney-reveals-key-details-on-the-next-important-date/

Despite #financial uncertainties, the #cryptomarket thrives with Bitcoin above $50,000, attracting #investors attention.

Arthur Hayes advises diversifying portfolios with lesser-known altcoins, emphasizing macro and micro stories in #crypto investing.
https://coinpedia.org/news/altcoin-adventures-arthur-hayes-top-crypto-portfolio-picks-in-this-altcoin-season/