Regulations
Sam Bankman-Fried Needs Better Answers on the Stand
Bankman-Fried was charming in front of reporters before FTX collapsed. Now he's just defensive.

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
Shin is seeking to distance himself from Terra and Kwon as he faces trial in South Korea.

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure
The government said it hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities
The island nation cuts processing time for registration, provides immunity for DAOs using open-source software.

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case
The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator's accusations that Do Kwon and his company engaged in a multi-billion-dollar securities fraud.

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
Hong Kong has not decided whether to introduce an e-HKD, the report said.

Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas
OPNX in June sued the venture investor and crypto personality for defamation.

Singapore, Japan, U.K., Swiss Regulators Plan Asset Tokenization Pilots
Project Guardian seeks to advance digital asset tokenization pilots for fixed income, foreign exchange and asset management products.

U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation
The government plans to propose legislation on fiat-backed stablecoins by early 2024.
