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Gemini appoints former Morgan Stanley executive as new CFO
Crypto platform Gemini has appointed a former Morgan Stanley executive as its new Chief Financial Officer. This strategic move aims to strengthen the company's financial leadership as it navigates the evolving landscape of the cryptocurrency market.
Gemini appoints former Morgan Stanley executive as new CFO
Crypto platform Gemini has appointed a former Morgan Stanley executive as its Chief Financial Officer. This strategic move aims to strengthen the company's financial leadership as it navigates the evolving landscape of the cryptocurrency market.
Gemini appoints new CFO as it plans for potential IPO
Gemini has appointed Dan Chen, a former executive at Morgan Stanley, as its new CFO to bolster its financial strategy amid plans for a potential IPO later this year. This announcement follows the SEC's conclusion of its investigation into Gemini without enforcement actions and a $5 million settlement with the CFTC over misleading statements. Co-founders Cameron and Tyler Winklevoss recently attended a crypto summit at the White House, where Cameron expressed optimism about upcoming regulatory changes.
Gemini appoints new CFO as it plans for potential IPO
Gemini has appointed Dan Chen, a former executive at Morgan Stanley, as its new chief financial officer to bolster its financial strategy amid plans for a potential IPO later this year. This announcement follows the SEC's conclusion of its investigation into Gemini without enforcement actions and a $5 million settlement with the CFTC over misleading statements. Co-founders Cameron and Tyler Winklevoss recently attended a crypto summit at the White House, where Cameron expressed optimism about upcoming regulatory changes.
Arbitrum taps former Nasdaq chief to lead venture capital initiatives
Ira Auerbach, former head of digital assets at Nasdaq, has joined Offchain Labs to lead Tandem, the venture capital and partnership division of Arbitrum, focusing on Ethereum scaling. His extensive background in finance and crypto will support selected projects with technical expertise and funding.The Arbitrum Foundation is intensifying its efforts in Asia with the "Road to Devcon" initiative, aiming to engage local developer communities ahead of Devcon 2024 in Bangkok. Meanwhile, Franklin Templeton has launched a blockchain-based money market fund on Arbitrum, highlighting the growing intersection of traditional finance and crypto.
Gemini expands European operations with new leadership amid regulatory changes
Gemini is expanding its presence in Europe by appointing a new leadership team, including Mark Jennings from Kraken and Daniel Slutzkin from Stake, to navigate the region's strict regulatory landscape. This move coincides with the implementation of the EU's MiCA regulations and the UK's upcoming crypto framework, highlighting Gemini's commitment to growth in regulated markets. The firm aims to leverage these developments to enhance its market position, with a focus on trust and innovation in the evolving crypto space.
imf calls for clear crypto regulations to protect consumers in kenya
The IMF has urged Kenya to establish a clear regulatory framework for its crypto market to protect consumers and mitigate risks related to money laundering and terrorism financing. The current regulations are outdated, leading to increased scams and regulatory uncertainty, with lawmakers divided on the approach. Recommendations include aligning with international standards, implementing a licensing system, and enhancing cross-border cooperation to improve oversight of global crypto activities.
Singapore advances digital asset regulation to strengthen its financial hub status
Singapore is positioning itself as Asia's leading digital asset hub, with the Monetary Authority of Singapore (MAS) issuing licenses to 13 virtual asset service providers in 2024, far surpassing Hong Kong's conservative approach. The MAS is refining its regulatory framework to address emerging risks while promoting innovation, focusing on stablecoins and tokenization as key areas for development. Despite past challenges, including the collapses of Three Arrows Capital and FTX, Singapore's risk-adjusted approach fosters collaboration between new crypto firms and established institutions, enhancing its appeal as a regional hub.
rostin behnam resigns as cftc chair amid regulatory changes in crypto
Rostin Behnam will resign as Chair of the CFTC effective January 20, coinciding with President-elect Donald Trump's inauguration. During his tenure, Behnam advanced crypto oversight, leading to significant enforcement actions, including a record fine against Binance and settlements with the Winklevoss twins. Speculation about his successor includes pro-crypto candidates like Republican Commissioners Summer Mersinger and Caroline Pham, as well as former Commissioner Brian Quintenz.
HashKey obtains VASP license from Central Bank of Ireland for European expansion
HashKey has secured a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, allowing it to operate in the EU's regulated crypto market. This license enables the company to offer various services, including fiat-to-crypto trading and custodial wallet services, aligning with the EU's Markets in Crypto-Assets (MiCA) Regulation. HashKey aims to establish a strong presence in Europe, joining other major players like Ripple and Coinbase in the region.
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