SEBA Bank gains preliminary approval for crypto services in Hong Kong

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• Federal Reserve and SEC investigate Goldman Sachs’ actions in Silicon Valley Bank’s collapse

  TL;DR Breakdown FED and SEC team up to investigate Goldman Sachs’ over the acquisition of Silicon Valley Bank’s securities portfolio before its failure.  Goldman Sachs allegedly suggested to SVB executives that they “sell part or all of its securities portfolio” to establish the need for funds before raising capital. The Federal Reserve and Securities and Exchange Commission (SEC) are investigating Goldman Sachs for its participation in the unsuccessful capital raise and acquisition of Silicon Valley Bank’s securities portfolio before its failure. The Justice Department has issued a warrant, and the authorities are looking into possible inappropriate interactions and Goldman Sachs’ dual status as buyer and consultant. Goldman Sachs has acknowledged that it is helping with the inquiries. Justice Department subpoenas Goldman Sachs in SVB investigation Both regulatory organizations are looking into what Goldman Sachs did during the botched capital raise that preceded Silicon Valley Bank’s demise. According to The Wall Street Journal, Goldman Sachs is currently under investigation by the Federal Reserve and SEC over its role in acquiring Silicon Valley Bank’s securities portfolio before the bank’s collapse. Both agencies…

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• China wants U.S. to meet it halfway and fix ties

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• Digital Euro faces delay—here’s why

  TL;DR Breakdown The EU has postponed the publication of legislation supporting the digital euro following a leaked draft bill and concerns raised by finance ministers. The draft bill addresses privacy and technical issues related to the central bank digital currency (CBDC). The delay allows refinement and deliberation, allowing policymakers to address concerns and ensure the digital euro aligns with the economy’s and citizens’ needs. Description The implementation of a digital euro, a central bank digital currency (CBDC), is facing a setback as the European Union (EU) has decided to postpone the publication of the legislation required to support its development. This delay comes after a leaked draft bill addressing privacy and technical concerns regarding the CBDC and statements made by … Read more The implementation of a digital euro, a central bank digital currency (CBDC), is facing a setback as the European Union (EU) has decided to postpone the publication of the legislation required to support its development. This delay comes after a leaked draft bill addressing privacy and technical concerns regarding the CBDC and statements made by finance ministers…

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