Regulation Financial News

18.02 / 08:59

business regulation SEC Staking Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

The CEO of Custodia Bank Caitlin Long has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector, and also for ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities.

18.02 / 01:25

regulation SEC crimes Terra Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint

A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following its collapse in May 2022.

18.02 / 01:25

regulation Fraud FTX Bankruptcy Deal Former FTX exec will plead guilty to federal charges with a deal: Report

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said.

17.02 / 23:51

Stablecoin Binance regulation SEC banking CZ denies report Binance is considering major breakup with US business partners

Binance CEO Changpeng Zhao has denied a report that the company is considering cutting ties with United States business partners. Binance has been the object of increasing scrutiny from U.S. regulators in recent weeks.

17.02 / 23:51

Blockchain defi Hackers hacks regulation consequences SEC’s staking crackdown has uncertain consequences for DeFi: Finance Redefined

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

17.02 / 21:05

regulation Sport SEC crimes Sec Chair Warning SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

The United States Securities and Exchange Commission, or SEC, has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media.

17.02 / 17:43

CBDC Adoption regulation Central Bank Bank of Russia Russia to roll out CBDC pilot with real consumers in April

The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.

17.02 / 16:07

Blockchain regulation SEC LUNC Terra Lawyers ‘Wild’ — SEC going after Terra sparks responses from crypto lawyers

Terraform Labs and its founder, Do Kwon, are in the sights of the United States Securities and Exchange Commission (SEC), which has sparked various reactions from lawyers within the crypto community.

17.02 / 14:19

Binance regulation SEC Exchange regulatory US Authorities Close In: Binance Expected to Pay Penalties for Regulatory Probes

Major crypto exchange Binance will likely pay monetary penalties to settle current investigations by the US authorities, the Wall Street Journal reported, citing the firm’s chief strategy officer.

17.02 / 13:03

CBDC Adoption regulation Bank of Japan The Bank of Japan to launch its CBDC pilot before May

Japan, a nation where foreign stablecoins like USDT are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It will aim to include private businesses and test an ecosystem.

17.02 / 10:39

CBDC regulation Framework Virtual assets regulatory Oman to establish regulatory framework for virtual assets

The Capital Market Authority (CMA), the regulator of Oman’s financial markets, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate.

17.02 / 07:23

regulation Fraud vpn FTX Court Messaging App Fried bail FTX's Bankman-Fried could 'conceivably' get bail revoked, says judge

Former FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe he may have engaged in attempted witness tampering.

17.02 / 04:21

regulation Analysis Report Scams crimes Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis

Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.

17.02 / 01:37

regulation SEC Terra Breaking: SEC sues Do Kwon and Terraform Labs for fraud

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and its founder Do Kwon for "orchestrating a multi-billion dollar crypto asset securities fraud."

17.02 / 01:37

Law regulation Court Internet Fried Sam bail Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report

Judge Lewis Kaplan reportedly targeted Sam Bankman-Fried’s internet usage in a hearing aimed at reviewing the former FTX chief executive officer use of a virtual private network, or VPN.

17.02 / 00:13

Blockchain UPS Provident Digital regulation security International GBBC Digital Finance joins international securities organization as an affiliate member

GBBC Digital Finance announced Feb. 16 that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. The IOSCO is an international association that develops and promotes international standards for securities.

16.02 / 19:58

regulation Court Bitmain Bankruptcy Celsius Celsius bankruptcy Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons

Debtors for crypto lender Celsius Network have the authority to sell coupons for mining firm Bitmain coupons worth roughly $7.4 million following a ruling from a bankruptcy judge.

16.02 / 14:55

Stablecoin defi regulation Tether BIS BIS-funded regulator to probe DeFi entry points like stablecoins

The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi).

16.02 / 13:01

Adoption regulation Europe privacy European Union European Union discusses using zero-knowledge proofs for digital IDs

The European Union is famous for its ambivalent relationship with privacy — on the one hand, it was the first place in the world to apply strict data protection regulations. On the other, its central bank digital currency (CBDC) project lacks the anonymity standards of private cryptocurrencies.

16.02 / 10:21

business Blockchain Law Adoption regulation lawmakers Wyoming lawmakers pass bill to prevent forced disclosure of private keys

Wyoming lawmakers have passed a bill that will prohibit courts in the state from forcing someone to disclose their digital asset private keys, with one minor exception.

16.02 / 08:03

regulation FTX Court Ex-Stanford dean says SBF’s parents helped his family battle cancer

The former dean of Stanford Law School who co-signed Sam Bankman-Fried’s bail said he considered Bankman-Fried’s parents “the truest of friends” who helped his family through a “harrowing battle with cancer.”

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