Regulation Financial News

27.01 / 22:45

Ethereum Payments regulation Altcoin Bitcoin Regulation legislation Bitcoin New York Assembly introduces crypto payments bill for fines, taxes

A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

27.01 / 21:39

business regulation Banks Federal Reserve Central Bank banking Reserve Fed denies Custodia Bank application to join the Federal Reserve System

The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the Fed with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency that found crypto assets to be at odds with sound banking practices.

27.01 / 16:09

business Law regulation FTX Court Lawyers FTX lawyers to reap millions from the bankruptcy case: Report

Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report.

27.01 / 14:05

ETF regulation SEC Exchange ETP 21Shares Time The SEC Just Denied Ark 21Shares Bitcoin ETF for the Second Time – Here’s Why

The US Securities and Exchange Commission (SEC) has yet again refused to give its regulatory blessing to Ark Investment Management and exchange-traded note (ETN) issuer 21Shares to list a spot bitcoin (BTC) exchange-traded fund (ETF).

27.01 / 13:05

regulation Bitcoin State senator pushes bill to make Bitcoin legal tender in Arizona

Wendy Rogers, an Arizona state senator in the United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) legal tender in Arizona.

27.01 / 08:29

business Mining regulation NASDAQ shares Bitcoin class action Argo Blockchain accused of misleading investors in class action lawsuit

Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021.

27.01 / 08:29

regulation Congress Bitcoin Regulation place Congressman Hill to 'make sure' US is the place for blockchain innovation

The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that "America is the place for innovation in fintech and blockchain."

27.01 / 05:17

business Blockchain regulation AML Money laundering UK government Financial Services regulatory UK's FCA hints at why its given only 15% of crypto firms the regulatory nod

Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking regulatory approval to date.

27.01 / 04:57

CFTC regulation FTX legislation Bankruptcy CFTC's Johnson urges Congress for expanded powers in crypto oversight

Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson has urged Congress to adopt legislation that "closes the current gap in the oversight of crypto spot markets."

27.01 / 02:59

Law Adoption NFT regulation Metaverse Digital Asset patents Keep an eye out for major company NFT trademark filings this year

Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.

27.01 / 01:09

business Law regulation Digital Asset Bankruptcy Standard ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.

27.01 / 01:09

business regulation Bitcoin Regulation Bitcoin 21Shares SEC once again rejects ARK 21Shares Bitcoin ETF listing

The SEC has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26 statement from the SEC. The SEC rejected a similar proposal in April, 2022.

27.01 / 00:25

regulation Investments CEO Platform Action Nov Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle

Two United States senators have taken their questions about the performance of the accounting firms active in the crypto space to a higher power – the Public Company Accounting Oversight Board (PCAOB). Failure to uncover alleged criminality and poor recordkeeping at FTX has sullied the image of the PCAOB and the accounting profession, the senators said.

27.01 / 00:13

regulation SEC Polkadot security Polkadot restates its case that DOT has ‘morphed’ away from security status

The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT (DOT) token is not a security. In a Twitter thread, the foundation emphasized its efforts to comply with U.S. securities laws, as well as Securities and Exchange Commission guidance on digital assets, and declared that DOT had successfully “morphed” and is software, not a security.

26.01 / 21:11

Law regulation FTX Court Fried Sam FTX legal team calls for Sam Bankman-Fried's family to answer questions under oath: Report

Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.

26.01 / 19:17

Adoption regulation World Economic Forum Davos Bitcoin Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023

The World Economic Forum (WEF) convenes in Davos annually, taking over the Swiss skiing town. The main promenade is flush with events and companies renting out properties, with an increasing presence from companies in the cryptocurrency and blockchain space.

26.01 / 19:17

Blockchain Adoption Ripple regulation World Economic Forum Mainstream Davos Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

Key figures from the wider cryptocurrency space painted a picture of increased dialogue and collaboration at the World Economic Forum Annual Meeting in Davos.

26.01 / 14:33

business regulation Investments FTX investigation SBF allegedly used FTX money to invest $400M in obscure VC firm

Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s (SBF) cryptocurrency empire.

26.01 / 12:23

business regulation coinbase Breaking: Coinbase fined $3.6M in the Netherlands

De Nederlandsche Bank (DNB),the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26.

26.01 / 09:27

business regulation FTX Court Bankruptcy Celsius Lawyers FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange.

26.01 / 05:39

business Stablecoin regulation SEC NYSE Financial Times Usd Coin Circle denies blaming SEC for shuttered $9B plan to go public

A spokesperson for USD Coin (USDC) issuer Circle has denied reports that it blames the United States Securities and Exchange Commission (SEC) over its failed $9 billion plan to go public in December.

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