Regulation Financial News

31.01 / 17:13

regulation security FTX Bitcoin safe Keeping your crypto safe: Insights from Bitget on how to achieve growth throughout crypto winter

With 2022 in the past now, many crypto users hope the FTX crisis will also remain a mere bitter memory from last year. While the effects of the crash of one of the biggest CEXs in the crypto industry are still rippling through the space, one platform is taking bold steps to ensure the security of its customers’ funds.

31.01 / 15:49

Ripple XRP regulation SEC security SEC settles on security claim in LBRY case; community calls it a big win for crypto

The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30.

31.01 / 15:49

Law NFT regulation Court ApeCoin Yuga Labs class action week BAYC investors have less than a week to join class action against Yuga Labs

Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects.

31.01 / 14:15

Stablecoin regulation NOT Hong Kong will not tolerate algorithmic stablecoins in new regulation

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times.

31.01 / 13:27

Adoption regulation Trading policies Framework Here’s how Kazakhstan aims to enhance its legacy crypto trading framework

Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining destinations, issued a consultation paper to gauge public interest in proposed amendments to improve the cryptocurrency trading framework.

31.01 / 07:13

CBDC regulation Peoples Bank of China Yuan boost China's Hainan to boost NFT oversight as digital yuan trial ramps

Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks.

31.01 / 01:19

Law regulation crimes FTX Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray.

30.01 / 23:15

regulation Senate Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

30.01 / 23:03

regulation Gemini lending NYDFS Financial New York financial regulator investigates Gemini over FDIC claims: Report

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

30.01 / 18:11

Law regulation FTX UK regulator investigates charity linked to FTX

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.

30.01 / 11:11

Stablecoin regulation Altcoin Tether Circle Usd Coin Reserve Key takeaways from USDC $44.5 reserve report

USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation.

30.01 / 09:31

Law regulation SEC security Philippines securities regulator seeks more authority to police the crypto industry

The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.

30.01 / 07:07

business regulation FTX ASIC Aussie regulator flagged concerns about FTX months before collapse: Report

Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November.

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.

29.01 / 13:23

regulation Congress Regulations White House Unveils Plan to Tackle Cryptocurrency Risks, Calls for Increased Enforcement

The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector.

29.01 / 11:07

Adoption regulation Court Money laundering tracking South Korea to deploy cryptocurrency tracking system in 2023

The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

28.01 / 17:07

Government Law Adoption regulation Trading Celsius fall NOT Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.

28.01 / 14:05

Adoption regulation IRS Taxes IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general public dealing with cryptocurrencies.

28.01 / 09:07

regulation white house Congress pension White House cryptocurrency ‘roadmap’ recommends against pension funds

The White House released a statement on Jan. 27 that provided the United States President Joe Biden administration a roadmap for mitigating risks associated with cryptocurrencies. Much of the document was addressed to the U.S. Congress with the administration’s legislative guidance.

28.01 / 09:07

regulation Fraud FTX Encryption US prosecutors seek to ban SBF from Signal after alleged witness contact

Federal prosecutors have requested that former FTX CEO Sam Bankman-Fried's (SBF) bail conditions are modified to prevent further alleged attempts at influencing witnesses’ testimonies.

28.01 / 00:51

Stablecoin regulation Federal Reserve crypto activities Fed policy to align bank oversight could limit crypto activities by state banks

The United States Federal Reserve Board announced Jan. 27 that it was issuing a policy statement on limitations on banks. The policy seeks to create a level playing field and limit regulatory arbitrage for state banks with deposit insurance, state banks without deposit insurance and national banks, which are overseen by the Office of the Comptroller of the Currency (OCC), by allowing them the same scope of permissible activities.

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