Regulation Financial News

21.03 / 23:19

Government Law regulation lawmaker resolution Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

Cody Harris, a member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.

21.03 / 20:57

NFT regulation IRS Taxes Collectibles IRS calls for public feedback on taxing NFTs as collectibles

The United States Internal Revenue Service said it plans to release guidance on having nonfungible tokens, or NFTs, treated as collectibles under the U.S. tax code.

21.03 / 20:57

Government regulation CryptoUK calls on regulators to address de-banking of digital asset firms

The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.

21.03 / 19:19

regulation Advertising Warning Belgium Cracks Down on Crypto Ads: New Rule Requires Stark Warning on Risk

Belgium's financial regulator has outlined new crypto advertising laws that require virtual currency firms to include a stark warning about potential risks in their advertisements.

21.03 / 14:41

Ripple XRP regulation SEC coinbase Legal Court lawsuits US Supreme Court Takes on Landmark Crypto Case with Coinbase Lawsuits Today – Here's What You Need to Know

Today, the US Supreme Court is set to hear arguments in Coinbase's efforts to push two class-action lawsuits against it into arbitration. This is a historic event too, as it will be the first time the nine Justices of this court will face a crypto-related case.

21.03 / 14:09

regulation transactions Banks Bitcoin SVB contagion: Australia reportedly asks banks to report on crypto

Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.

21.03 / 11:39

regulation SEC coinbase Staking NOT Coinbase submits petition to explain to SEC that staking is not securities

United States-based crypto exchange Coinbase decided to communicate proactively on the topic of crypto staking, which had recently gained regulators’ attention. In its petition to the Securities and Exchange Commission (SEC), the company explains why staking can’t be universally labeled as securities.

21.03 / 09:13

regulation us government Banks Federal Reserve Insurance banking US exploring ways to guarantee the country's 18T of bank deposits: Report

U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen.

21.03 / 08:51

business regulation Altcoin crimes Court Media bail Customer Crypto.com customer accused of $10M spending spree granted bail

The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for.

21.03 / 00:49

CBDC regulation IMF Middle east IMF examines CBDC design in context of Islamic banking, finds some risks magnified

A central bank digital currency (CBDC) can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the International Monetary Fund. The unintended impact of a CBDC may be felt particularly acute in the Islamic banking system.

20.03 / 22:33

regulation advertisement ad Belgian FSMA surveys crypto investors before taking on new ad regulation authority

The Belgian Financial Services and Markets Authority (FSMA) will have new powers to supervise virtual currency advertising when a new regulation comes into force on May 17. In preparation for its new role, the agency commissioned a survey of investors.

20.03 / 19:43

CBDC regulation US Presidential Florida gov and US presidential hopeful calls for CBDC ban

Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring for the 2024 United States presidential race, has called for a ban on a digital dollar.

20.03 / 19:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property

The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm's ownership.

20.03 / 15:37

Blockchain regulation Assets Crypto.com gets MVP preparatory license from Dubai regulator

Crypto.com announced it has obtained a minimal viable product (MVP) preparatory license from Dubai’s Virtual Asset Regulatory Authority (VARA).

20.03 / 13:27

regulation Bitcoin Taiwan watchdog FSC to assume authority on crypto regulation

The Financial Supervisory Commission of Taiwan (FSC) will become the primary regulator of cryptocurrencies in the island country, according to the head of the authority.

20.03 / 11:01

business Payments regulation Banks Loans Australian Australian Banking Association’s cost of living inquiry reveals bank pressure

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.

20.03 / 09:41

Adoption regulation Investments security Innovators Financial Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary

More than 80 virtual asset-related firms across Mainland China and foreign nations have expressed interest in establishing a presence in Hong Kong, amid efforts from the city to become a leading hub for Web3.

20.03 / 08:01

business regulation us government Banks Federal Reserve Press Release NOT FDIC sells Signature Bank deposits to Flagstar, crypto not included

Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal.

20.03 / 01:05

Adoption regulation Department National Venezuela overhauls national crypto department

Venezuela's president Nicolás Maduro has announced the reorganization of the National Superintendency of Crypto Assets, known as Sunacrip in Spanish, according to a decree issued on March 17.

19.03 / 14:31

business Government regulation us government FTX Court SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.

19.03 / 11:07

Government regulation us government Bitcoin Dollar Financial Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis

The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.

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