Category: Business

Business

FSB Warns of ‘Cascading Failures’ Due to Crypto Regulatory Arbitrage

In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in regulatory “forum shopping” across EU member states. Cross-border cooperation remains “fragmented, inconsistent, and insufficient,” with authorities struggling to share information due…

Business

Sony Wants Its Own Crypto Bank Too

In brief Sony Bank’s subsidiary Connectia Trust has filed for a national banking charter to issue dollar-pegged stablecoins, maintain reserve assets, and offer digital asset custody and management services. The application joins a growing list of crypto firms seeking OCC charters, including Stripe, Coinbase, Paxos, and Circle. Sony Bank is part of Sony Group’s diverse…

Business

UK Electoral Commission ‘Updating’ Crypto Donation Guidance

In brief Reform UK has reportedly received a donation in cryptocurrency, the UK’s first ever to a political party. Donations must be referred to the electoral regulator if they exceed £11,180 ($14,905). Commentators warn that crypto-based donations may increase the risk of anonymous and illicit campaign contributions. The UK’s Electoral Commission is planning to update…

Business

Taiwanese Stablecoin Infrastructure Company OwlTing Secures Nasdaq Listing

In brief OwlTing announced Tuesday it will begin trading on the Nasdaq on Thursday. The company chose a direct listing to emphasize transparency and avoid shareholder dilution. The move follows heightened global regulatory focus and growing institutional interest in stablecoins. Taiwanese stablecoin infrastructure company OwlTing will commence trading on the Nasdaq Global Market on Thursday,…