Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program

Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Customers of the Colombian bank will be able to trade bitcoin, ether, litecoin, and bitcoin cash. Bancolombia to Offer Cryptocurrency Trading to Customers in … Read moreBancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program

S. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation

South Korea’s Financial Services Commission (FSC) wants the National Assembly to bring criminal liability to unfair behavior in crypto markets such as price manipulation and insider trading, according to a report submitted to the South Korean Parliament on Nov. 23. The FSC report will be used to draft crypto legislation that will go through the … Read moreS. Korean Regulators Call For Criminal Punishments For Crypto Market Manipulation

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of … Read moreBank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now