Financial Financial News

08.11 / 17:53

regulation Central Bank Tax Financial New Report: Russian Central Bank Looks to Integrate ‘Digital Assets’ Into its Financial System

The Central Bank of Russia (CBR) has released a report that focuses on digital assets and how the new technology could be integrated into its traditional financial system.

08.11 / 07:11

Blockchain Adoption place Financial Russia's Central Bank report examines crypto's place in the financial system

The Central Bank of Russia (CBR) is looking at ways to integrate crypto assets and blockchain technology into its local financial system amid a pile-on of global financial sanctions.

07.11 / 15:53

BTC Tether USDT Bitcoin Future Financial Financial Crisis: Lebanese Economy Forces Residents Toward Crypto – Future of Money?

As Lebanon’s financial woes continue, the Middle Eastern nation increasingly depends on cryptocurrencies, with many locals mining bitcoin (BTC) to survive and using tether (USDT) to buy groceries amid a legacy finance meltdown.

04.11 / 15:53

Financial Financial News shortlisted in ESG media awards

Financial News was shortlisted for Publication of the Year at the Aviva Investors Sustainability Media Awards on 4 November.

03.11 / 02:29

Twitter SEC YouTube Bitcoin Jail Lawyers Financial Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips.

03.11 / 01:17

regulation transactions Financial Switzerland's financial regulator extends reporting requirements for crypto transactions

The Swiss Financial Market Supervisory Authority, or FINMA, has announced it will be extending an anti-money laundering ordinance which requires identity checks for reporting certain crypto transactions.

03.11 / 00:49

regulation International Centre Financial New ‘crypto token regime’ instituted at the Dubai International Financial Centre

The Dubai Financial Services Authority (DFSA) announced on Nov. 1 that its crypto token regime has come into force in the Dubai International Financial Centre (DIFC) special economic zone, with a six-month transition period. The new regime is the DFSA’s second round of regulations, building on the “Regulation of Investment Tokens” introduced at the DIFC in October 2021.

02.11 / 16:33

Dreams Financial What the Fed’s Rate Increases Mean for Your Financial Plans

As the Federal Reserve keeps raising rates, many Americans are razing their financial plans.

01.11 / 23:59

business Law Mining Bankruptcy Financial Core Scientific may consider bankruptcy following uncertain financial condition: Report

Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers.

01.11 / 00:38

ETF Investments SEC guidelines Financial crypto futures Hong Kong financial regulator issues guidelines for crypto futures ETFs

The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF) tied to cryptocurrency futures.

28.10 / 13:45

Provident SEC Market crash Financial CFTC Commissioner Compares Crypto Market Crash to 2008 Global Financial Crisis – More Regulation Coming?

The current crypto market downturn is comparable to the 2008 global financial crisis, and more regulatory oversight is needed, according to Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC).

28.10 / 05:15

business CFTC SEC Pensions Financial CFTC commissioner compares crypto contagion risk to 2008 financial crisis

Commodity Futures Trading Commission’s (CFTC) Christy Goldsmith Romero has pointed to the collapse of the Terra ecosystem and its flow-on effects as an example of how contagion risks within crypto markets are similar to those experienced by the traditional financial (TradFi) system during the global financial crisis (GFC) of 2008.

28.10 / 00:07

UPS regulation FinTech Financial US currency comptroller to up its game with new Office of Financial Technology in 2023

The United States Office of the Comptroller of the Currency (OCC) announced Oct. 27 that it will create an Office of Financial Technology early next year. The new office will incorporate the Office of Innovation, which was set up in 2016. It will be led a by a chief financial technology officer, who will report to the senior deputy comptroller for bank supervision policy.

27.10 / 19:43

business Bitcoin Price end Financial Core Scientific reveals financial distress in SEC filing, says its end may be near

Bitcoin miner Core Scientific filed forms with the United States Securities and Exchange Commission (SEC) on Oct. 26 indicating that will not make payments due in late October and early November. The company blamed low Bitcoin prices, increased electricity costs, an increase in the global Bitcoin hash rate and litigation with the bankrupt crypto lender Celsius for the situation.

25.10 / 09:11

business Blockchain Law Warning Financial ASIC fires industry warning shot as it sues BPS Financial over crypto promo

Australia's financial regulator has issued a stark warning to Australian crypto asset providers amid launching civil proceedings against Australian firm BPS Financial Pty Ltd (BPS) over "misleading" representations concerning its Qoin crypto token.

22.10 / 01:01

regulation Assets advertisement crypto activities services Financial Amendment to UK financial services bill provides regulation for crypto activities

An amendment to the Financial Services and Markets Bill now before the United Kingdom's Parliament would extend the law’s powers to regulate financial promotion and other activities to crypto assets. The amendment was written by Member of Parliament and Financial Secretary to the Treasury Andrew Griffith.

21.10 / 21:43

business Mining Energy Court network Financial Celsius Network defaults on payments to Core Scientific, causing financial unrest

Crypto lender Celsius Network's legal journey has gained another chapter as Bitcoin miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankruptcy, according to court papers filed on Oct. 19.

21.10 / 18:27

Financial EU to provide Ukraine with €18 billion in financial assistance for 2023, says von der Leyen

Continued support to Ukraine and the bloc's strategic position against China dominated discussions among EU leaders at the second day of a summit on Friday.

20.10 / 14:33

cryptocurrency Financial Crypto Platforms Must Be Licensed In 2023 To Operate Legally: South African Financial Regulator

"We are not legitimising crypto assets," Eugene Du Toit said.(Representational)

20.10 / 12:37

Digital Bitcoin Financial South Africa brings crypto under financial assets segment, details here

South Africa has become the latest country to bring cryptocurrency into the financial assets segment.

19.10 / 23:49

regulation Digital Asset services Financial South Africa declares crypto to be a financial product subject to financial services law

The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice Oct. 19 indicating that the country’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS) has been updated to include a definition of crypto assets. A decision of this type has been expected for several months. It brings crypto assets under regulation in South Africa for the first time.

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