Camomile Shumba

Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.

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(Thiago de Andrade/ Unsplash)
Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says
FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.
(Thiago de Andrade/ Unsplash)
Russia (Egor Filin/ Unsplash)
Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks in 2023: TRM Labs
Inflows to Russia-based crypto exchange Garantex accounted for 82% of the crypto volumes that belonged to sanctioned entities internationally, the report added.
Russia (Egor Filin/ Unsplash)
(FCA)
Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls
Despite restrictions in place, CBPL onboarded 13,416 high-risk customers for e-money services, the Financial Conduct Authority said.
(FCA)
Roberta Metsola (Pier Marco Tacca/Getty Images)
Blockchain Friendly Roberta Metsola Reelected as EU Parliament President
In 2018, as a member of the European Parliament for Malta, she called for regulation on crypto and blockchain when needed, without stifling innovation.
Roberta Metsola (Pier Marco Tacca/Getty Images)
Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)
Craig Wright Referred to UK Prosecutors for Consideration of Perjury Charges
Judge James Mellor also approved injunctions that prevent Wright from taking others to court again under the guise he is Satoshi Nakamoto.
Craig Wright heading to COPA trial on March 1  (Camomile Shumba/CoinDesk)
DAOs fall under existing law in England and Wales, Law Commission says (Reinaldo Sture/Unsplash)
DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.
DAOs fall under existing law in England and Wales, Law Commission says (Reinaldo Sture/Unsplash)
Tulip Siddiq, the new U.K. City Minister (UK Parliament)
Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto
She has previously called for crypto to be regulated while recognizing the technology's potential.
Tulip Siddiq, the new U.K. City Minister (UK Parliament)
(Pourya Gohari / Unsplash)
France Votes for Hung Parliament as Major Parties Fall Short of Majority
The absence of an outright majority could hamper the passing of new legislation, including crypto regulations.
(Pourya Gohari / Unsplash)
Labour Party leader Keir Starmer secured victory in the U.K. election (Matthew Horwood/Getty Images)
Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans
While the industry was not mentioned in the party's manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.
Labour Party leader Keir Starmer secured victory in the U.K. election (Matthew Horwood/Getty Images)
BIS tower building (BIS)
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
BIS tower building (BIS)