Latest from Sandali Handagama
FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
The class-action lawsuit accuses the bankrupt crypto exchange's executives of intentionally misappropriating customer funds to fund risky strategies and their lavish lifestyles.
Crypto Exchange Gemini Sued by Investors Over Interest-Earning Program
The platform abruptly halted its Gemini Earn program in November, "effectively wiping out" investors who still had holdings, according to a court filing.
Japan Plans to Allow Local Listing of 'Foreign' Stablecoins Such as USDT and USDC: Nikkei
The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.
FTX Creditors Hire Law Firm Paul Hastings as Representation
Paul Hastings beat out multiple law firms that pitched to lead legal work in the bankruptcy proceedings, the Wall Street Journal said.
Private Banks to Manage Future Digital Euro Wallets, Transactions
The European Central Bank's new progress report on a central bank digital currency outlines the role of financial intermediaries.
Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals
The company is seeking a U.S. court order to let customers withdraw digital assets locked up in wallets on the platform.
Now That He Has the Power to Make His Crypto Dreams Come True, Will He?
As finance minister earlier this year he backed measures for regulating stablecoins and boldly declared he would turn the U.K. into an international hub for crypto. Now he’s prime minister and an FTX-scarred industry is watching. That’s why Rishi Sunak is one of CoinDesk’s Most Influential 2022.
Setting a Standard for Global Regulation of Crypto
The European Commission finally passed the EU’s landmark Markets in Crypto Assets framework with buy-in from 27 member states. For pushing MiCA deftly through a complex legislative process, Commissioner Mairead McGuinness is one of CoinDesk’s Most Influential 2022.
FTX Japan Plans to Restart Local Customer Withdrawals
The crypto exchange's subsidiary has confirmed Japanese customer funds will remain separate from the ongoing bankruptcy proceedings in the U.S.
Crypto Exchanges Nexo and Gemini Expand to Italy, Register With Regulator
Entry into Italy's registry for virtual currency operators is mandatory to operate in the country.
