Regulation Financial News

19.01 / 05:31

Law regulation Court Bankruptcy Lawyers FTX CEO fights to keep lawyers as calls for removal intensify

The CEO of crypto exchange FTX has rejected calls for its law firm Sullivan & Cromwell to be replaced as lead counsel in its bankruptcy case.

19.01 / 02:09

regulation Department Of Justice sanctions Low NOT Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action

Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

18.01 / 20:23

Law regulation Department Of Justice International US authorities seize crypto website Bitzlato as part of international enforcement action

The United States Department of Justice is expected to announce a “major international cryptocurrency enforcement action.”

18.01 / 17:41

regulation World Economic Forum Davos WEF 2023: CBDCs need to find a 'real problem' to solve, says SARB governor

South African Reserve Bank (SARB) governor Lesetja Kganyago highlighted issues surrounding the introduction of central bank digital currencies (CBDCs) at the World Economic Forum (WEF) 2023, held in Davos, Switzerland.

18.01 / 14:23

regulation Europe European Union Time EU postpones final vote on MiCA for the second time in two months

The final vote on European Union’s much-awaited crypto regulations called Markets in Crypto Assets regulation (MiCA) was deferred to April 2023. This marks the second delay in the final vote, earlier deferred from November 2022 to February.

18.01 / 12:57

CFTC regulation CFTC commissioner calls for global industry standards in crypto regulation

Caroline Pham, the Commodity Futures Trading Commission (CFTC) commissioner, has recently called on regulators to provide clearer guidance on crypto assets in 2023.

18.01 / 00:31

business Adoption regulation privacy WEF panel discusses the coming tokenized economy

In a wide-ranging discussion, a panel of blockchain industry personalities at the World Economic Forum (WEF) concluded that the economy will become increasingly tokenized in the future. Carbon credits, housing, electricity, government bonds, forex, and other real-world assets will be traded on the blockchain, according to the panel.

17.01 / 23:43

regulation SEC security identity information Crypto miners SEC leaked crypto miners' personal information during investigation: Report

The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green.

17.01 / 16:31

regulation FTX Kevin O’Leary Says Crypto is Getting "Very Interesting" - Here's Why

Investor and Shark Tank star Kevin O'Leary has said crypto is getting "very interesting" as the recent events have forced lawmakers to push for a solid regulatory framework.

17.01 / 13:31

regulation Bitcoin SEC of Thailand issues crypto custody provider rules

The Securities and Exchange Commission (SEC) of Thailand is working to better protect cryptocurrency investors by introducing new rules for crypto custody services.

17.01 / 13:05

business regulation lending Troubled crypto lender Vauld gets extended creditor protection

Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.

17.01 / 11:29

CBDC regulation Bank of England Euro Bank of England governor questions need for digital pound

Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro.

17.01 / 08:13

regulation banking Japanese regulators want crypto treated like traditional banks

Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector.

17.01 / 00:51

CBDC regulation ECB Euro digital euro EU finance ministers’ group releases statement on political aspects of digital euro

The Eurogroup, consisting of all the finance ministers from the euro-zone countries, released a statement Jan. 16 on the introduction of the digital euro, after meeting in Brussels. The group meets regularly to discuss political dimensions of the potential digital currency, it said. The statement release coincides with the release of a European Central Bank (ECB) “stock taking” document detailing the progress of digital euro design.

16.01 / 22:21

regulation lending Nexo Caribbean VASP Financial Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.

16.01 / 17:23

business CBDC regulation Financial Times Winter Olympics Costs NOT CBDCs not worth the costs and risks, says former BoE advisor

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics.

15.01 / 22:23

business regulation investigation NOT Nexo investigation is not political, says Bulgarian prosecutors

Siika Mileva, a spokesperson for Bulgaria’s chief prosecutors, denied political motivations behind the probe against the crypto lending firm Nexo, according to local reports. The comments were made in response to claims that the investigation had a connection to the company's political donations.

15.01 / 08:23

business Blockchain regulation Fraud US President Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US' management structure.

14.01 / 20:33

business Mining regulation New York State New York sued by environmental group after approval of crypto mining facility: Report

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.

14.01 / 17:07

regulation Bitcoin Can Canada stay a crypto mining hub after Manitoba’s moratorium?

Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices.

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