Author name: Peter

Georgetown Professor's Letter to SEC A finance professor at Georgetown University, James Angel, has written a letter to the U.S. Securities and Exchange Commission (SEC) regarding spot bitcoin exchange-traded funds (ETFs). Professor Angel specializes in the market structure and regulation of global financial markets and has urged the SEC to avoid micromanaging the creation/redemption process […]

On Thursday, the Seychelles-based crypto exchange Bitget announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements will come into effect on December 15, 2023. Bitget Introduces Mandatory KYC Procedures Bitget is updating its compliance with relevant financial regulations by introducing new KYC guidelines. The initial announcement

FOMC Meeting Concludes with Rate Outlook The recent FOMC meeting held significant importance as it marked the final gathering of 2023. In the weeks leading up to the meeting, Federal Reserve officials maintained a flexible stance when questioned about the future direction of interest rates. Over the past few months, FOMC members have been repeatedly

Treasury Secretary Janet Yellen, in a recent interview with CNBC, shared her insights on the state of the US economy and the potential risks it faces. As the Federal Reserve maintains its current interest rates, Yellen highlighted the importance of managing two key risks: inflation not reaching the target and a weakened economy. Yellen's Perspective