Regulation Financial News

14.01 / 01:25

regulation SEC GBTC Grayscale files brief in ETF suit against SEC, oral arguments may come within months

Grayscale filed a reply brief in its appeal of the United States Securities and Exchange Commission (SEC) denial of its application to convert its $12-billion Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin (BTC) exchange-traded fund (ETF). The brief, filed in the District of Columbia Circuit Court, addressed points made in the SEC reply brief filed in December and restated its own arguments.

14.01 / 00:47

Law regulation crimes raid Bulgarian authorities charge four individuals following raid on Nexo office: Report

Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.

13.01 / 16:39

regulation Lawyer Lawyer explains new federal virtual asset law in the United Arab Emirates

The United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs virtual assets, setting up the country's initial regulatory regime for the cryptocurrency space at the federal level.

13.01 / 15:39

business Law regulation FTX FTX allowed by bankruptcy judge to sell LedgerX, other assets

The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.

13.01 / 08:11

regulation Department Of Justice Fraud 800 victims of 'massive' Bitconnect fraud to receive $17M restitution

A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.

13.01 / 01:39

regulation SEC Gemini Gemini and Genesis charged by SEC over unregistered securities

The United States Securities and Exchange Commission (SEC) on Jan. 12 charged cryptocurrency lending firm Genesis and crypto exchange Gemini with offering unregistered securities through Gemini's "Earn" program.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 22:47

CBDC regulation BIS TradFi BIS economists suggest improving TradFi with CBDC to attract users away from crypto

Economists at the Bank of International Settlements (BIS) took a look at the risks inherent in the crypto ecosystem and came up with a seemingly novel solution. “Develop an alternative,” they advised in a bulletin released on Jan. 12. What they had in mind was central bank digital currency (CBDC).

12.01 / 16:09

Blockchain regulation Report crimes Time Illicit crypto transactions reached all-time highs in 2022: Report

Setting aside the criminal investigations of failed crypto businesses like FTX, Celsius, 3AC, Terra and others, 2022 set the record in illicit on-chain transactions. According to a yearly report published by Chainalysis on Jan. 12, the total cryptocurrency value received by illicit addresses reached $20.1 billion in the last year.

12.01 / 13:51

Adoption regulation Central Bank enaira Nigeria revisits its payments landscape amid sluggish eNaira adoption

Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.

12.01 / 10:53

business regulation Court Lawyers letter Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case.

12.01 / 05:23

business regulation Court Bankruptcy safe Customers FTX customers are safe from being doxxed, for now

The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.

11.01 / 22:51

Stablecoin CBDC regulation City of London, British trade groups form new digital currency advocacy alliance

The City of London has teamed up with a variety of trade associations to form the UK Forum for Digital Currencies, an alliance that will advocate for “better policies, practice and regulation around digital currencies,” according to a statement released by the five members.

11.01 / 16:23

regulation Bitcoin retail traders Hong Kong watchdog aims to restrict retail traders to liquid products

The new licensing program, scheduled to take off in June, will restrict retail traders in Hong Kong to “highly-liquid” digital assets, according to the new CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee.

11.01 / 15:11

regulation Grayscale FTX Bitcoin letter DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager.

11.01 / 12:19

business regulation SEC Crypto exchange Zipmex probed by Thai SEC amid buyout

The cryptocurrency exchange Zipmex is the focus of a new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of local rules.

11.01 / 01:31

Blockchain Digital regulation privacy rights Blockchain privacy groups urge new US Congresspeople to protect privacy rights

Fight for the Future, a digital rights advocacy group, has posted an open letter on its website encouraging the new class of United States congresspeople to protect privacy. The letter has attracted dozens of companies and organizations as cosigners.

11.01 / 01:31

CBDC regulation legislation UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements

The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time to,” Member of Parliament and HM Treasury Economic Secretary Andrew Griffith told a meeting of the UK Parliament Treasury Committee on Jan. 10, underscoring that commitment.

10.01 / 22:55

regulation Congress Bankruptcy lawmakers US lawmakers US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case

A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.

10.01 / 17:57

UPS regulation Lawyer businesses services Financial These Businesses Will be The Survivors of the Crypto Winter, Says a Top Financial Services Lawyer

Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued.

10.01 / 17:57

UPS Citizens regulation Holdings Crypto Holdings Argentina Wants Citizens to Declare Their Crypto Holdings

Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties.

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