regulatory authority
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The Battle Over Stable Currencies: Paradigm Challenges the SEC’s jurisdiction over Terra’s UST
On April 25th, Rodrigo, the legal director of Paradigm, said on Twitter: \”Paradigm submitted a amicus curiae briefing in the US SEC\’s lawsuit against Terra and Do Kwon. Paradigm is
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Canadian Banking Regulator Takes Over SVB Financial Group’s Branch in Canada
It is reported that the Canadian banking regulator took over the Canadian branch of SVB Financial Group on Sunday and said it would seek legal order to end its operation. The office of Peter Routledge, director of the Canadian Financial Institutions Regulatory Authority, said in a statement that after the US regulator closed the parent bank in California, Canada took this action to protect the value of the assets held by the branch. Canadian Finance Minister Chrystia Freeland talked with bank executives and officials of the Bank of Canada on Sunday evening, and said that the government would continue to pay attention to the situation. Canada’s well-regulated banking system is sound and flexible. Regulators take over SVB Canada subsidiary and seek liquidation Analysis based on this information:The Canadian banking regulator recently took over the Canadian branch of SVB Financial Group, prompting the regulator to seek a legal order to end the branch’s operation. This follows after the parent bank in…
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Paxos’ BUSD Regulatory Woes Drive Liquid’s LQTY Token to New Highs
It is reported that after the New York regulatory authority ordered Paxos to stop issuing BUSD, the price of the original token LQTY of the decentralized stabl…
