Olu Omoyele

Olu Omoyele

Olu is a banking regulatory specialist who is excited by the promise of Web3 technologies for decentralized governance, operational efficiency, and trustless human interaction.

FSB publishes Progress Report on Stablecoin Regulation

FSB publishes Progress Report on Stablecoin Regulation

On 7 October 2021, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB) published a document titled: “Regulation, Supervision, and Oversight of “Global Stablecoin” Arrangements - Progress Report on the implementation of the FSB High-Level Recommendations” (Progress Report). ...

UK FCA declares Binance as not capable of being supervised | DeFi Panet

UK FCA declares Binance as not capable of being supervised

In the latest episode in the ongoing public saga, the UK's Financial Conduct Authority (FCA) has published a Supervisory Notice in which it declared that the world’s largest cryptocurrency exchange, Binance, was not capable of being effectively supervised.  The FCA’s...

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