Regulation Financial News

18.04 / 21:39

Stablecoin CFTC regulation SEC Congress us house services committee Financial Speakers prepare to tell US House Financial Services Committee about stablecoins

The United States House of Representatives Committee on Financial Services will hold a hearing on stablecoin regulation on April 19. The hearing follows the announcement of a new draft bill in the House to provide a framework for stablecoins regulation. Some of the speakers invited have released advance transcripts of their planned testimony.

18.04 / 21:39

Law regulation Court Bankruptcy Restructuring Plan Zipmex requests 2-month extension from Singapore court for restructuring plan

Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.

18.04 / 20:27

CBDC regulation Federal Reserve Dollar wholesale US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

United States Federal Reserve Board governor Michelle Bowman spoke at Georgetown University on April 18 to “offer a perspective” on central bank digital currency (CBDC). The Fed plays an important role in the conversation about CBDC, Bowman said. Her examination of the problems a CBDC might solve and the design and policy issues it entails showed little enthusiasm.

18.04 / 18:47

regulation SEC Bitcoin Regulation Bitcoin Bitcoin retracing? Here are the odds of it returning to $28K

In today’s Market Report episode, analyst and writer Marcel Pechman covers the regulatory environment that has been limiting Bitcoin’s (BTC) upside and the odds of a dump at $28,000. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

18.04 / 18:47

business defi regulation Europe European Union Kraken Bitcoin Kraken receives virtual asset service provider authorization in Ireland ahead of MiCA vote

Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18.

18.04 / 16:43

Law Ethereum regulation Congress Sec Chair us house committee US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing.

18.04 / 10:05

Law regulation lending Court Bitcoin Crypto lender Babel gets extended creditor protection in Singapore

Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.

18.04 / 09:31

regulation crypto regulation Crypto Companies Financial New York Financial Regulator Adopts Assessment Rule for Crypto Companies – Here's What You Need to Know

The New York State Department of Financial Services has passed a new law that requires companies holding a BitLicense to pay assessment fees similar to insurance and banking firms.

18.04 / 08:15

business Law regulation Bitcoin Regulation Financial UAE’s federal financial regulator opens licensing applications for VASPs

The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.

18.04 / 07:33

business Law regulation Trading Taxes Koinly NOT ‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

Failing to utilize tax loss harvesting is one of the biggest mistakes people make on their tax returns according to Danny Talwar, the head of tax at crypto tax software firm Koinly.

18.04 / 04:37

Stablecoin regulation coinbase Taxes UK government Sky News Web3 Hub Coinbase to help UK on Web3 hub as Treasury reportedly revives blockchain taskforce

The United Kingdom could "turbocharge" its crypto sector and be an "innovation hub for the Web3 economy" as part of a vision laid out by cryptocurrency exchange Coinbase.

18.04 / 02:33

regulation Investments Scams cryptocurrency investment Bitcoin Scams Press Release Crypto scams Lost Australian Australian Crypto Australian crypto scams increased by over 162% with nearly $150M lost

Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.

17.04 / 19:41

Stablecoin regulation SEC security Congress All eyes are on stablecoins: Law Decoded, April 10–17

Last week came in preparation for April 19, when the United States House Financial Services Committee will hold a hearing on stablecoins. The hearing will include information collected by various federal government agencies over the last year. Among the participants are Jake Chervinsky, the chief political officer at the Blockchain Association, and Dante Disparte, the chief strategy officer of Circle.

17.04 / 17:53

regulation fees BItlicense NYDFS Costs NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state.

17.04 / 17:11

regulation SEC Bittrex Sec Charges SEC charges Bittrex with unregistered operations, calls six tokens securities

The United States Securities and Exchange Commission (SEC) has charged the crypto asset trading platform Bittrex and its cofounder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The agency filed a separate charge against Bittrex Global.

17.04 / 15:31

Stablecoin regulation Circle USDC hearing USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins

Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US.

17.04 / 15:03

Provident BTC Citizens regulation Bitcoin Argentina Approves First LATAM BTC Futures Offering – Are Regulators Softening Bitcoin Stance?

Argentina’s financial markets regulator has approved the Latin America region’s first Bitcoin (BTC) futures contract offering.

17.04 / 12:35

regulation SEC Sec Chair US Congressman Declares Plan to Fire SEC Chair Gary Gensler for Crypto Overreach – Here's the Latest

Republican Congressman Warren Davidson has introduced legislation with an aim to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his role.

17.04 / 11:25

Adoption regulation Bank of China Crypto Companies China’s state-affiliated banks are on-boarding crypto companies in Hong Kong

Hong Kong’s push to become a crypto hub has opened an opportunity for not just crypto companies but many state-affiliated banks in China as well. The Chinese banks have shown interest in building partnerships and onboarding regulated crypto companies in Hong Kong, despite a blanket bank on crypto-related activities in mainland China.

17.04 / 09:01

regulation SEC Bittrex Bitcoin US crypto exchange Bittrex faces potential action from SEC: Report

The United States-based cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite preparing to shut down local operations.

17.04 / 04:43

regulation Silvergate NYDFS Blockchain Association files further FOIA requests over banking closures

More Freedom of Information Act (FOIA) requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association (BA) to two regulators.

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