Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
A veritable whirlwind of a week as board level in-fighting wreaks havoc at one established firm; meanwhile regulators get tough with AMLD5 in Europe, FATF everywhere else, New York and Japan each doing their own thing; and if you thought that might put a damper on things, the market starts salivating over today’s launch of CME Bitcoin options.
2020 is off to a wild start.
Below is our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note a note.
A LedgerX board member sent a letter today to shareholders and the CFTC, expressing concerns over the allegedly unethical process that led to two of the company’s founders being placed on leave in early December
Separately, LedgerX announced that it has appointed former CTO Zach Dexter as the new CEO and a $4 million financing led by existing investors
Referencing sources at Japan’s finance regulator, local English-language news outlet Japan Times revealed plans to limit margin leverage to twice the total of traders’ deposits
The move follows on from a limit of four times traders’ deposits which the domestic exchange industry imposed on itself through a self-regulatory body last year
Friday marked the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5
In addition to the enhanced KYC and reporting obligations, the regime gives greater power and reach to financial intelligence units and law enforcement
How correlated are
JPMorgan Sees ‘High Anticipation’ for
Brad Garlinghouse claims
Ripple XRP under
as a security
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