Regulations
Binance, Coinbase Among Crypto Firms Questioned by US Senator After FTX Mess
Ron Wyden, chairman of the Senate Finance Committee, sent letters to crypto companies demanding answers about their consumer protection practices.

BlockFi Joins the Bankruptcy Parade
The crypto lender’s financial woes are well known. Now we have a better sense of the severity.

BlockFi Has $355M in Crypto Frozen on FTX, Attorney Confirms
Kirkland & Ellis Partner Joshua Sussberg announced the figure during BlockFi’s first bankruptcy hearing.

France, Luxembourg Test CBDC for 100M Euro Bond Issue
The Venus Initiative is the latest attempt to use digital representations of money for financial-market settlements.

Ukraine Considering CBDC That Can Facilitate Crypto Trading
The National Bank of Ukraine says it is looking at retail payments, virtual asset circulation and cross-border transactions as possible use cases for an electronic hryvnia.

Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight
Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.

BlockFi Files for Bankruptcy as FTX Contagion Spreads
BlockFi received a $400 million line of credit from FTX earlier this year.

FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says
Rostin Behnam, the agency's chairman, did say FTX executives met frequently with the regulator.

UK Crypto Fraud Climbs by a Third to Over $270M: Report
The country is in a recession and the cost of living has increased, making some people vulnerable to fraudsters.

Bahamas' Attorney General Defends Country's Regulatory Regime Amid FTX 'Debacle'
Ryan Pinder disputed the notion that FTX moved to the country because it didn't want to "submit to regulatory scrutiny."
