Bank of Korea and financial regulator in turf war over who supervises crypto industry

Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.

• 2023-05-15
• South Korea financial authorities Bank of Korea central bank cryptocurrency crypto regulations volatile industry financial stability

Canada to Ask Pension Funds to Disclose Crypto Exposure

The budget for 2023 also includes that OSFI will consult federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets.

• 2023-03-29
• Canada pension funds volatile industry pension plans crypto assets OSFI Canadians

Signature Bank takeover could leave crypto companies scrambling for financial services

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

• 2023-03-13
• Silicon Valley Bank financial services Signature Bank SVB Silvergate USDC volatile industry deposit base New York Department of Financial Services