Sam Bankman-Fried to Testify Next Week, Regulators Postpone FTX Japan’s Suspension, Amber Group Ends $25M Deal with Chelsea FC
, 2022-12-09 10:00:00,
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- Former FTX CEO Sam Bankman-Fried said that he is willing to testify in front of the US House Committee on Financial Services in Washington next Wednesday. He tweeted that “I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th.”
- Germany’s financial regulator BaFin said that crypto exchange Rtcoin is not authorized to operate in the country. Per the statement, the exchange “does not have authorisation under the KWG [Bank Act] to conduct banking business or provide financial services. The company is not supervised by BaFin.”
- The US Securities and Exchange Commission (SEC) unveiled new guidelines for companies making financial disclosures in a sample letter, urging them to provide a detailed record of their exposure to the crypto industry. It also lists guidelines on the ability to obtain financing, exposure to third-party crypto market participants, and risks related to liquidity and to “legal proceedings, investigations, or regulatory impacts” within the crypto markets.
- FTX Japan…
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