Regulation Financial News

14.11 / 03:59

business regulation Charity Donations FTX Job Bankruptcy FTX Foundation staffer fights for $275K bonus promised by SBF

An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus.

13.11 / 23:29

CBDC regulation Asia APEC finance ministers to share perspectives on crypto at meeting in San Francisco

The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the regional economy, the finance ministers’ meeting is also of primary importance.

13.11 / 23:29

regulation IRS Taxes Crypto advocacy group pushes back against proposed IRS rules on brokers

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations proposed by the Internal Revenue Service (IRS).

13.11 / 13:51

Twitter regulation Spanish regulator signals potential X probe on crypto ads

The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws.

13.11 / 13:51

Adoption regulation AML Financial Services Counter Terrorism Financing U.S. FSC to discuss illicit activity in crypto at upcoming hearing

The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem.

13.11 / 11:47

regulation Bitcoin Bitget drops plans to seek crypto license in Hong Kong

Cryptocurrencytrading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.

13.11 / 11:47

regulation Cybersecurity crimes Cybercrime Australian Australian regulators will compel businesses to report cyberattacks: Report

Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.

13.11 / 09:33

regulation UK UK to scrap new foreign takeover prevention rules - reports

The powers were introduced in January 2022 to allow the government to address security concerns around foreign takeovers of companies with national significance.

13.11 / 05:35

business Adoption regulation Bithumb plans to be first crypto exchange listed on Korea stock market: Report

Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market.

11.11 / 13:11

Law regulation Tokens Indian Government Indian Supreme court rejects crypto petition, highlights legislative nature

The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India.

11.11 / 09:31

Ripple XRP regulation SEC security Ripple faces slim odds of $770M disgorgement - XRP holder Attorney

Attorney John Deaton, representing XRP holders, has made a persuasive case in the Ripple vs. SEC legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment.

11.11 / 03:27

regulation Circle Congress Terrorism TRON FinCEN Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in particular.

10.11 / 19:31

defi Hackers hacks regulation Aave Court Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

10.11 / 15:13

Law regulation Court Bitcoin Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

10.11 / 13:05

Blockchain NFT regulation crimes Cybercrime data China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.

10.11 / 10:29

Binance regulation Bitcoin week Binance to terminate Russian ruble deposits next week

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.

10.11 / 10:29

regulation Taxes OECD 47 countries pledge to authorize the crypto-asset reporting framework by 2027

Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10.

10.11 / 08:49

Adoption Binance regulation Trading Research Lira Top crypto Turkish Lira becomes top crypto trading pair on Binance in Sept 2023

The Turkish Lira (TRY) became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research.

10.11 / 05:47

business Adoption regulation Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital.

10.11 / 01:59

Law regulation Europe European Union Smart Contracts EU backs Data Act with clause to shut off smart contracts

The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated.

10.11 / 01:33

Law regulation Scams Fraud Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.

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