Regulation Financial News

08.11 / 14:19

Ripple regulation Europe HSBC Banks Bitcoin HSBC taps Ripple’s Metaco to launch security token custody

Major global banking company HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.

08.11 / 12:00

regulation Treasury financial conduct authority ESG ESG ratings 2024 regulatory UK to outline regulatory rules for ESG ratings industry as early as January 2024

A Financial Conduct Authority spokesperson told Investment Week: 'We continue to work with government on their consultation for a regulatory regime for ESG ratings providers.' Simon Dawson / No 10 Downing Street

08.11 / 10:35

Blockchain regulation Bitcoin Regulation Bitcoin Swiss crypto bank SEBA gets Hong Kong SFC license

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

08.11 / 09:09

Law regulation UAE central bank to penalize unlicensed virtual asset service providers

The Central Bank of the United Arab Emirates (CBUAE), along with other regulators in the country, has recently published new joint guidance for virtual asset service providers (VASPs) operating within the country. The new guidelines include penalties for VASPs operating without proper licenses within the jurisdiction.

07.11 / 23:45

Government Law regulation Analysis us government Opinion Confiscation Expect new IRS crypto surveillance to come with a surge in confiscation

As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billion new returns, it seems the Department of Justice (DOJ) may soon have the tools it wants to start confiscating cryptocurrency at an unprecedented rate.

07.11 / 20:31

Payments regulation wallet PayPal Bitcoin Payments Apple Pay Bitcoin Wallet US CFPB proposes supervising digital app providers, including crypto wallets

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend its supervision to consumer reporting, consumer debt collection, student loan servicing, international money transfers and automobile financing.

07.11 / 19:51

regulation coinbase security Coinbase beefs up its global advisory council with 4 national security experts

Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of regulatory uncertainty in the United States.

07.11 / 15:11

regulation Bitcoin Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.

07.11 / 13:15

Law Adoption regulation FTX exchanges Court Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX

Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.

07.11 / 13:15

regulation us government Open Source OpenAI open Biden AI executive order 'certainly challenging' for open-source AI — industry insiders

Last week the administration of United States President Joe Biden issued a lengthy executive order intended to protect citizens, government agencies and companies through ensuring AI safety standards.

07.11 / 11:09

business Blockchain regulation Bitcoin Regulation vice chair VARA demonstrates how regulators, market can work in tandem: VARA Vice Chair

The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub for virtual assets and related services.

07.11 / 11:09

Binance regulation coinbase Kraken Asia Kazakhstan’s authorities confirm they blocked access to Coinbase: Report

The Ministry of Culture and Information of Kazakhstan has officially confirmed they have blocked the Coinbase website in the country. The authorities of Kazakhstan have been blocking local IPs' access to Coinbase since September at least.

07.11 / 10:29

regulation Africa Kenyan lawmakers ask local Blockchain Association to come up with crypto bill

Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.”

07.11 / 08:29

regulation Analysis Taxes Bitcoin Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi).

07.11 / 02:27

business Law regulation SEC US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1

A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.

06.11 / 22:23

regulation SEC legislation SEC Inspector General says prohibition on crypto ownership hinders agency hiring

The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission (SEC) has released its annual examination of the most serious management and performance challenges facing the agency. Crypto was on its list, as no surprise to anyone in the crypto community.

06.11 / 22:23

CBDC Adoption regulation FTX sentencing 2024 Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Kaplan will have the final say.

06.11 / 22:23

Stablecoin regulation Bank of England UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions, and the BOE released a “cross-authority roadmap” to link them together.

06.11 / 16:03

Technology Stablecoin regulation Bank of England FCA Bank of England and FCA outline plans to regulate stablecoins into mainstream

In the paper, the BoE said that lenders will be pushed to make it clear to customers that stablecoins are not standard deposits, which are guaranteed against bank failures.

06.11 / 12:23

Government ETF regulation Bitcoin HK NOT China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.

06.11 / 10:43

Adoption regulation security Tokens Futures Hong Kong regulator issues tokenized investments requirements amid demand

The Securities and Futures Commission (SFC) of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.

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