FASB weighs stakeholder feedback for accounting priorities

The Financial Accounting Standards Board is reviewing over 100 comment letters and meeting inputs to prioritize its agenda. Stakeholders highlighted hedge accounting, alternative funding, and crypto assets as key areas. This marks the first broad outreach since 2021.

Former employees allege fraud sustains Canada's crypto ATM industry

Nearly a dozen former employees of Canadian crypto ATM companies told CBC News that fraud involving scam victims is a known internal issue. Half believe their former employers would not be profitable without such transactions, while the others think profitability would simply decrease. Operators deny relying on fraud and claim to implement preventive measures.

Low-income New Yorkers receive $12,000 in USDC via pilot program

A pilot program administered by GiveDirectly and funded by Coinbase is providing 160 low-income New Yorkers with $12,000 in USDC, a stablecoin pegged to the U.S. dollar. The initiative draws inspiration from universal basic income experiments to study the impact of unconditional cash payments on poverty. Payments consist of a $8,000 lump sum followed by five $800 installments.

UK lifts ban on retail access to crypto ETNs

October 09, 2025 由 AI 报道

The UK's Financial Conduct Authority has ended its four-year ban on retail investors accessing bitcoin and crypto exchange-traded notes, effective October 8, 2025. This allows firms to offer these products on approved exchanges like the London Stock Exchange. The move could boost the UK crypto market by up to 20%, according to research.

Morgan Stanley expands crypto fund access for all wealth clients

October 11, 2025 由 AI 报道

Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.

Lagarde urges stronger global role for the euro

In a speech in Paris, ECB President Christine Lagarde called for enhancing the euro's international status to turn Europe's openness into economic strength. She highlighted how recent safe-haven flows into the euro amid US turbulence pressured the exchange rate, underscoring the need for deeper markets and integration. Lagarde emphasized that a more global euro could shield exporters and foster resilience against external shocks.

Hubbis partners with Independent Reserve for crypto news updates

Hubbis has partnered with Independent Reserve to provide weekly crypto news and market trends to the Asian wealth management community. Bitcoin is holding steady near US$113,500 amid low leverage and a healthy market structure. This collaboration aims to deliver timely insights on digital assets.