Camomile Shumba

Regulatory Reporter, UK

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.

Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.

Latest from Camomile Shumba

Policy

UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister

Since 2021, Kwarteng has overseen the government’s business, energy and industrial strategy department, which has supported blockchain innovation.

Set 6, 2022

Policy

UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts

The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.

Set 5, 2022

The U.K. Treasury has ordered crypto companies to report suspected sanctions violations. (Getty Images)

Policy

Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership

Truss has revealed little about her stance on crypto save for two statements that indicate she may be open to innovative-friendly regulation.

Set 5, 2022

Liz Truss beat Rishi Sunak to become the leader of the Conservative Party. (Dan Kitwood/Getty Images)

Policy

Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange

The west African country wants to create something similar to Dubai’s digital city.

Set 5, 2022

Nigerian flag (Emmanuel Ikwuegbu/Unsplash)

Policy

Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox

The nonprofit organization advocating for a U.S. central bank digital currency plans to work with crypto platforms like Digital Asset and Ripple to explore technical and policy aspects of a digital dollar.

Set 1, 2022

The Digital Dollar Project is kicking off a new CBDC sandbox in October. (Ben Mater/Unsplash)

Policy

Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report

An investigation by the Korea Customs Service discovered over 2.7 trillion won ($2 billion) in illegal foreign exchange transactions related to virtual assets since February.

Ago 31, 2022

South Korea continues crackdown on illegal crypto activity. (Daniel Bernard/Unsplash)

Policy

What to Expect From the UK’s Royal Mint NFT Collection

Tokens endorsed by the U.K. government must come with perks to succeed, industry members say.

Ago 31, 2022

The U.K. wants to crack down on illicit crypto activity. (Simon Frederick/Unsplash)

Finance

Siam Commercial Bank Scraps $500M Purchase of Stake in Thailand’s Largest Crypto Exchange

Thailand’s oldest bank said Bitkub Online needs to resolve various issues at the request of Thailand’s Securities and Exchange Commission.

Ago 25, 2022

Siam Commercial Bank dropped its plan to acquire Bitkub. (Weerasak Saeku/GettyImages)

Policy

South Korea Plans to Tax Crypto Airdrop Recipients: Report

The government said crypto airdrops count as gifts under tax legislation.

Ago 22, 2022

Policy

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.

Ago 17, 2022

The U.K. wants to bring stablecoins into the scope of local payments regulation, but it's still not clear what that might look like. (Ashley Cooper/Getty Images)

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