Law Financial News

18.04 / 14:04

Law Binance Bitcoin Russian bankers reportedly want to outlaw noncustodial crypto wallets

A major Russian banking association wants to criminalize keeping your own cryptocurrency keys.

15.04 / 20:25

Government Law Federal Reserve vice chair President Biden announces former Ripple adviser as pick for Fed vice chair for supervision

Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for supervision.

14.04 / 13:39

Law Texas Texas regulators order virtual casino to stop selling NFTs

A virtual, Cyprus-registered casino Sand Vegas Casino Club faced an emergency cease and desist order from Texas and Alabama state securities regulators. The company is ordered to “stop a fraudulent investment scheme tied to metaverses”.

13.04 / 23:51

Law NFT regulation regulatory China-based regulatory and trade associations target NFTs in latest risk notice

The China Banking Association, China Internet Finance Association, and Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs.

13.04 / 18:49

Government Law Senate Brazilian Senate announces incoming approval of the ‘Bitcoin law’

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil.

11.04 / 21:23

Law ETF regulation SEC Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11

Last week, there was a lot of regulatory talk about crypto-related risks. While this is very common in itself, some angles and proposed solutions to such risks came across as novel. In the United States, the Federal Deposit Insurance Corporation (FDIC) issued a letter to commercial and savings banks under its purview, or all federally chartered banks, asking financial institutions to notify the FDIC about all ongoing and planned crypto-related activities. Apparently, standardized guidance for all banks would not fit the bill since the risks seem to be unique in each case.

08.04 / 23:11

Law regulation UK crypto Number of UK crypto firms operating under FCA temporary registration status drops

The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five.

08.04 / 20:33

Law Europe European Union Crypto-asset services EU bans providing 'high-value crypto-asset services' to Russia

The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”

08.04 / 17:25

Law Environment Court NY State Supreme Court dismisses petition against crypto mining company

In an important precedent, a New York State Supreme Court judge in Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists.

07.04 / 19:47

Government Law Stablecoin Framework regulatory Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets

United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.”

07.04 / 02:13

Government Law Stablecoin Toomey drafts bill to exempt stablecoins from securities regulations

Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States.

05.04 / 20:51

Government Law Bitcoin lawmakers US lawmakers US lawmakers introduce companion bill to 'mitigate risks' from El Salvador’s Bitcoin Law

Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency.

05.04 / 18:55

Law regulation Financial Singapore aims to streamline financial watchdog's authority over crypto firms

The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country.

04.04 / 22:47

business Blockchain Law businesses Support In the US, public-private state associations form networks of support for crypto businesses

When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials and eight trade association leaders to examine “various potential applications of and policies for blockchain technology” and report to the governor in December 2023.

04.04 / 20:11

Law SEC Europe Congress Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4

The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after anear miss on banning proof-of-work-based cryptocurrencies.

01.04 / 18:45

Government Blockchain Law Bitcoin boost Skewed data: How could a new US law boost blockchain analysis?

2020 was a record year for ransomware payments ($692 million), and 2021 will probably be higher when all the data is in, Chainalysis recently reported. Moreover, with the outbreak of the Ukraine-Russia war, ransomware’s use as a geopolitical tool — not just a money grab — is expected to grow as well.

01.04 / 16:21

Law Congress Senate boost Warren’s battle to curtail crypto gets boost from Ukraine conflict

In a July 2021 interview, Massachusetts Senator Elizabeth Warren likened crypto regulation to the drug regulation initiatives of a century ago, which she claimed put an end to the sale of “snake oil” and laid the basis for the creation of the modern drug industry. This reflected her earlier statements about the digital currency market resembling the “Wild West,” which makes it a poor investment as well as an “environmental disaster.” With her latest bill in the Senate pipeline targeting Russian actors’ potential use of crypto to circumvent United States sanctions, it is fair to ask: Is the military conflict in Ukraine merely an excuse for Warren to act on her long-standing distaste for digital assets?

31.03 / 23:13

Law regulation ‘The cryptocurrency world will help in this war’: Kuna CLO breaks down Ukraine’s digital asset law

While many parts of Ukraine are still facing threats from Russia’s military, some residents, industry leaders and government officials are turning to digital assets for help in relocating people, funding humanitarian aid projects and getting supplies to its own soldiers.

30.03 / 19:15

Law regulation Financial UK financial watchdog extends registration deadline for some crypto firms

The Financial Conduct Authority, the United Kingdom’s financial regulator, has extended the temporary registration status of some firms offering crypto services beyond its March 31 deadline.

30.03 / 18:09

Technology Law Asia Is China’s apprehension to ban NFTs a hopeful sign for investors?

It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche related to the crypto industry that has continued to thrive in the region despite the ban is its nonfungible token (NFT) market. However, with certain negative developments coming to the forefront recently, this may not be the case much longer.

29.03 / 19:57

Law us government white house Executive executive order Financial Waiting on the executive order: how users and financial professionals may benefit from it

United States President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets was widely praised for acknowledging cryptocurrency and blockchain technology’s place in the world and setting the U.S. on a path toward more comprehensive regulation of the sector. The order, or EO, sets a research agenda that encompasses consumer protection, financial stability, crime and national security, U.S. leadership, servicing the underbanked and responsible development.

frequently asked questions about Law

What is Law and why is it relevant?

Law is a significant category that interests a wide audience. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on Law?

All new posts about Law can be found in the special selection. We publish information in a timely manner.

How can I verify the accuracy of information on Law?

We rely on trusted sources to ensure that the information about Law is reliable and helpful for our readers.