Hong Kong’s SFC ramps up crypto oversight with new staff
Hong Kong’s SFC is hiring more crypto regulators, aiming to strengthen market surveillance and speed up exchange approvals. Hong Kong is doubling down on its ambition to become a global crypto hub, with its securities regulator proposing an expansion of its crypto oversight team. The city’s Securities and Futures Commission has proposed increasing its staff, […]
China convicts BKEX staff for illegal gambling via crypto contracts
A Chinese court found BKEX’s crypto contract trading functioned as illegal gambling, sentencing employees to prison for facilitating unauthorized betting. Source link
Sen. Lummis warns FDIC staff against destroying OCP 2.0 docs
Senator Cynthia Lummis has threatened criminal referrals for FDIC staff allegedly involved in destroying documents linked to “Operation Choke Point 2.0.” Whistleblowers at the U.S. Federal Deposit Insurance Corporation have alerted policymakers to alleged efforts within the agency to withhold and destroy information regarding what industry advocates have dubbed an anti-crypto campaign. The initiative, referred […]
USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report
Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion. Stablecoin issuer Circle has reduced its workforce by less than 6%, citing a strategic review of investments and expenses, Bloomberg has learned. The layoffs are said […]
Bitcoin miner Foundry lays off staff amid restructuring
Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning off its self-mining business. Source link
