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FAMEEX Afternoon Crypto News Recap | March 1, 2023

2023-03-01 18:01:25

France on the verge of passing stringent crypto firm licensing laws
https://www.fameex.com/en-US/news/crypto-trending-news-2023030103
The bill was passed with a vote of 109 in favor and 71 against and will now rely on the approval of president Emmanuel Macron to be signed into law.

Goldman Sachs still open to crypto hires amid massive 3,200 staff cut
Goldman Sachs digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications.

Regulation in the Post-FTX Environment: SEC’s Proposed Enhanced Custody Rule and Its Effects on Crypto

On January 23, 2023, the New York Department of Financial Services announced that it had issued certain Guidance on Custodial Structures for Customer Protection in the Event of Insolvency in which it emphasized the importance of sound custody and disclosure practices to protect customers in the event of an insolvency or similar proceeding. This month, the Securities and Exchange Commission (“SEC”) followed suit.

United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests.

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