News 

SEC’s Senior Advisor for Digital Assets Valerie Szczepanik: Stablecoins May Be Securities

“Senior advisor for digital assets at the United States Securities and Exchanges Commission (SEC) Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws” writes Adrian Zmudzinski for cointelegraph.com. When Szczepanik reportedly made the statement concerning securities at Austin’s SXSW conference on March 15, she also broke stablecoins into three categories.Szczepanik, also known as the Crypto Czar, was appointed to the new position of associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for Division Director Bill Hinman in June…

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Crypto News 

SEC’s Finhub to Host Public Forum on Blockchain, Digital Assets in May

“United States regulator the Securities and Exchange Commission (SEC) has announced that it is hosting a public forum on distributed ledger technology (DLT) and digital assets this May” writes Olivia Capozzalo for cointelegraph.com. As previously reported, Finhub was created in fall 2018 with the aim of facilitating the agency’s engagement in fintech-related fields, including DLT and digital assets. Source: cointelegraph.com

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News Regulators 

Basel Committee Warns Banks Against “Immature” Digital Assets

“The Basel Committee has issued a fresh warning to the banks against the risks associated with digital assets” writes Arnab Shome for financemagnates.com. Compared to the mainstream financial sector, the size of the digital asset industry is small and banks all over the globe also have a “very limited direct exposures” to the cryptocurrency sector.This is not the first warning issued by the committee as, last year, it criticized the digital assets for their lack of scalability. Source: financemagnates.com

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News Stocks 

Brookfield buys most of Oaktree to build juggernaut to rival Blackstone

“Oaktree shareholders can exchange each of their shares for either $49 in cash or 1.0770 Class A shares of Brookfield” writes Midwest Communications Inc for 95kqds.com. Oaktree shareholders, consisting primarily of its founders, certain members of management and employees, will own the remaining 38 percent of the company.The combined businesses will have about $475 billion of assets under management, Brookfield said in a statement.Brookfield approached Oaktree about the deal sometime during the fall season, a person familiar with the matter said.Oaktree’s stock is down around 13 percent in the last…

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News 

What you need to do in your 20s, 30s, 40s, and 50s to save enough money to retire, according to experts

“Regular contributions of monthly payments and consistently aiming to stay ahead of inflation are key, and it’s important to maintain the amounts you’re investing” writes H Ctor Chamizo for businessinsider.com. According to Castelo, the sooner you start investing, “the more time you have for investments to grow, based on the compound interest effect.”. When investing for retirement, you need to take into account the same criteria you would for any other investment.In fact, experts suggest that over this stage of life and the next is when you’ll be able to…

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Crypto News 

Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee

“International banking authority the Basel Committee on Banking Supervision (BCBS) has issued a warning statement on crypto assets on March 13” writes Helen Partz for cointelegraph.com. According to the committee, any bank that decides to work with crypto-related assets should first ensure it possesses relevant technical expertise to adequately evaluate the risks associated with the field.The BCBS also argued that crypto assets are “unsafe to rely on” as a medium of exchange or store of value, two of the main functions of money, implying that “cryptocurrency” is a misnomer.The bank…

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Crypto News 

US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets

“The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets” writes Cash App Refund for cointelegraph.com. By initiating the RFI, the USMS expects to improve its current custodial operations by maintaining a complete and accurate accounting of the USMS’ virtual currency inventory.The PWS contract includes major activities associated with the management of virtual currencies, including accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets and others.In…

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News 

Want to lower your tax rate? Consider these 3 things

“At the end of 2025, most of the favorable 2017 tax rate changes will expire” writes Adam Grossman for marketwatch.com. Where you do have more control, however, is with your tax rate once you’re retired.But keep in mind that, historically, estate tax rates have seen more frequent and more significant changes than income-tax rates.Unless Congress acts to prevent it, personal tax rates will revert to 2017’s levels. Source: marketwatch.com

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News 

‘This will end poorly’: JPMorgan execs warn of an imminent reckoning as the market’s biggest investors plow into another credit bubble

“Any credit downturn could exacerbate a financial crisis, he cautioned” writes Meghan Morris for businessinsider.com. Compared to the traditional banking sector, “shadow banks, they do things differently,” Dimon said.Institutional investors, such as pension funds, endowments, and foundations, have stepped up to fund those non-bank groups. Source: businessinsider.com

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GBP News 

Brexit fallout on UK finance intensifies: think tank

“The independent think tank said half of the affected asset management firms, such as Goldman Sachs Investment Management, Morgan Stanley Investment Management and Vanguard, had chosen Dublin, with Luxembourg the next port of call, attracting firms like Schroders, JP Morgan Wealth Management and Aviva Investors” writes Midwest Communications Inc for 95kqds.com. Paris is carving out a niche for markets and trading operations of banks and attracting a broad spread of firms. Source: 95kqds.com

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