Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 6 hours
Top Stories
- Anchorage Digital applies for CFTC swap dealer registration
Anchorage Digital applied to register Anchorage Digital Swap Dealer, LLC with the Commodity Futures Trading Commission. The institutional crypto platform submitted the application to bring its bitcoin and ether options business under federal derivatives dealer regulations.
- Block agrees to pay 764 million dollars to resolve anti money laundering probe
Block reached an agreement in principle with the Justice Department to resolve an investigation into its anti money laundering controls. The 764 million dollar settlement exceeds the 566 million dollar profit the owner of Cash App and Square reported for the third quarter.
- Hong Kong mandates customer and transaction tax reporting for crypto exchanges
Hong Kong lawmakers passed an Inland Revenue amendment requiring crypto exchanges and covered service providers to collect customer and transaction records starting in 2027. The data will enter automatic information exchanges with overseas tax authorities beginning in 2028.
Since the last briefing
- · 3 new major stories
- · 1 new regulatory development
- · Crypto remains the most-covered topic