Legislation Financial News

11.04 / 17:49

Adoption regulation lending exchanges Court legislation US share of global crypto developers fell 26% in 5 years — a16z

The share of global crypto developers based in the United States declined by 26% from 2018 to 2022, according to a report from venture capital firm Andreessen Horowitz, also known as a16z. The report, titled “State of Crypto 2023,” cited data from Electric Capital and SimilarWeb to support its findings.

09.03 / 01:25

regulation legislation Parliamentary Committee committee FCA officials tell UK parliamentary committee crypto regulation is unavoidable

Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Commons’ Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear lack of enthusiasm.

08.03 / 11:03

Adoption regulation Europe European Union legislation EU Commission to ensure 'healthy competition' in the Metaverse

Considering the regulatory struggle to keep up with ever-evolving innovations, Margrethe Vestager, the executive vice president of the European Commission, recommended a headstart into brainstorming implications of technologies such as the Metaverse and ChatGPT.

23.02 / 14:23

CBDC regulation Federal Reserve banking legislation Reserve US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC – What's Going On?

US Republican House Majority Whip Tom Emmer has introduced a bill on Wednesday to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) or using it to control monetary policy.

12.02 / 13:39

Law Adoption Investments bills legislation Crypto Companies Consumer Federation of California reattempts to regulate crypto companies

The Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to license and regulate the activities of cryptocurrency exchanges.

04.02 / 13:29

Adoption Asia Central Bank legislation Bitcoin Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank Governor Nandalal Weerasinghe — believed doing so would worsen the country’s economic situation.

30.01 / 00:59

Adoption regulation legislation Panama's Supreme Court to rule on cryptocurrency legislation

Panama's crypto bill saga has reached a new chapter, with the country's Supreme Court deciding the future of the local crypto industry.

27.01 / 22:45

Ethereum Payments regulation Altcoin Bitcoin Regulation legislation Bitcoin New York Assembly introduces crypto payments bill for fines, taxes

A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

27.01 / 04:57

CFTC regulation FTX legislation Bankruptcy CFTC's Johnson urges Congress for expanded powers in crypto oversight

Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that "closes the current gap in the oversight of crypto spot markets."

11.01 / 01:31

CBDC regulation legislation UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements

The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time to,” Member of Parliament and HM Treasury Economic Secretary Andrew Griffith told a meeting of the UK Parliament Treasury Committee on Jan. 10, underscoring that commitment.

20.11 / 08:45

business SEC legislation American CryptoFed registration at risk as SEC alleges filing anomalies

American CryptoFed DAO, the first decentralized autonomous organization (DAO) to get legal recognition in the United States, is at risk of losing its registration after the U.S. Securities and Exchange Commission (SEC) dug up anomalies in the Form S-1 registration statement dated Sept. 17, 2021.

18.11 / 17:07

crypto mining legislation Russia Could Legalize Crypto Mining by Jan 1, 2023 – As Long as This Happens

Russia may finally legalize crypto mining – after the government’s chief crypto legislation architect announced the rollout of a bill that could come into force on January 1, 2023.

18.11 / 00:51

regulation Congress legislation Fried US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX

United States Sens. Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX, Sam Bankman-Fried and John Jay Ray III, respectively, on Nov. 16 to ask for more information on the collapse of the cryptocurrency exchange. They made 13 requests for documents, lists and answers.

17.11 / 09:59

Government Blockchain regulation legislation Aussie treasurer promises crypto regulation next year amid FTX debacle

The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week.

31.10 / 13:15

Provident Progressive legislation MPs Cross-border MPs Set to Vote on Mining Bill That Would Let Russians Pay Cross-border with Crypto

Source: FedotovAnatoly/Adobe

20.10 / 21:49

regulation SEC security legislation place SBF: FTX to filter assets it thinks are securities from US listings until registration in place

Sam Bankman-Fried (SBF) has written a set of suggested standards for the crypto industry “while waiting for full federal regulatory regimes,” which were posted on the FTX Policy blog on Oct. 19. The post covers many of the questions facing regulators and operators, with specific reference to the United States at points. In particular, SBF outlined a plan for treating assets in the U.S. in regard to their status as securities or commodities. FTX will implement his plan, SBF wrote.

14.10 / 00:19

Stablecoin regulation legislation Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” about financial technology and needs to return to solving real world problems. He is in talks on legislation that may at least bring more clarity to stablecoins.

29.09 / 00:19

CFTC regulation legislation CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting

The United States Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee (MRAC) held its first meeting with its new membership Sept. 28. In her opening statement, the committee’s sponsor, Commissioner Kristin N. Johnson, ran through a laundry list of issues for consideration, but spent the bulk of her time talking about digital assets.

23.09 / 06:13

Stablecoin Adoption bills legislation Stablecoin Bill Rep. Warren Davidson: Stablecoin bill has 'outside chance' of finalizing this year

There is a small chance the U.S. House of Representatives could pass the bill to regulate stablecoins by year-end, though it's more likely it will pass in the first quarter of 2023, says U.S. Congressman Warren Davidson.

04.08 / 13:39

Blockchain regulation legislation Senator Warren proposes reducing Wall Street's involvement in crypto

The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to a Bloomberg report on Thursday.

20.07 / 22:55

Stablecoin regulation legislation Financial UK financial markets bill authorizes regulation of stablecoins, service providers

The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.

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