Polymarket Poised to Return to US After CFTC Staff Grants QCX No-Action Relief

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The Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk issued a no-action position Sept. 3 allowing QCX LLC and QC Clearing LLC to be exempted, under narrow conditions, from certain swap-related recordkeeping and swap data reporting requirements for event contracts, including binary option and variable payout contract transactions executed […]

ECB President Christine Lagarde Calls for Toughening Stablecoin Regulatory Compliance

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Lagarde stressed that stablecoins should comply with EU-equivalent regulations in other jurisdictions to operate in the region. She also called for establishing assurances to avoid the transfer of EU funds abroad in the case of runs on these assets. Lagarde Stresses Stablecoin Projects Should Comply With EU-Equivalent Regulation in Other Jurisdictions The European Union (EU) […]