Regulation Financial News

05.01 / 16:43

business regulation Court Lawyer Fried Sam FTX's former top lawyer cooperated with the US in Sam Bankman-Fried case

Daniel Friedberg, controversial lawyer who served as top compliance chief at now-defunkt exchange FTX, has reportedly cooperated with United States’ prosecutors investigating FTX collapse.

05.01 / 14:21

Stablecoin CBDC regulation lawmaker Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government.

05.01 / 02:37

Robinhood regulation FTX Bankruptcy US authorities are seizing $460M in Robinhood shares tied to FTX: Report

The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.

05.01 / 00:11

Government regulation Congress Investigations US Congress investigations into FTX are in limbo without a House Speaker

At the time of publication, the United States House of Representatives was at a historic standstill in its process of choosing a Speaker for the 118th Congress — a quagmire that could lead to lawmakers delaying committee hearings.

04.01 / 18:27

Law regulation coinbase settlement Coinbase reaches $100M settlement with NY regulators

New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services.

04.01 / 16:49

regulation Job Bitcoin Crypto Crime UK looks for a crypto crime fighter with a $50K salary

The United Kingdom’s National Crime Agency (NCA) is taking measures to increase its focus on cryptocurrency crimes and combat criminals.

04.01 / 12:03

regulation security National Indonesia to launch national crypto exchange in 2023: Report

As a part of its reform of crypto regulation, Indonesia will create a crypto exchange in 2023, according to reports. The platform is planned to be launched prior to a shift of regulatory power from commodities to securities authority.

04.01 / 08:13

regulation Congress Senate policies 100 crypto lobbyists prepare for the fight of their lives as Congress resumes

Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry.

04.01 / 06:09

Blockchain regulation US Feds put together ‘FTX task force’ to trace stolen user funds

The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to the exchange’s collapse.

04.01 / 01:45

regulation Banks Central Bank banking safe US federal agencies release joint statement on crypto asset risks and safe practices

United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement on Jan. 3 on past problems and their efforts to maintain sound banking practices in spite of those challenges.

03.01 / 23:21

regulation FTX US court Lawyers the bahamas The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester

The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm.

03.01 / 23:01

Law regulation crimes FTX Fried Sam NOT Sam Bankman-Fried enters not guilty plea for all counts in federal court

Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.

03.01 / 19:23

Law regulation FTX Fried Sam Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing

The legal team behind former FTX chief executive officer Sam Bankman-Fried has petitioned a court to redact certain information on individuals acting as sureties for his $250-million bond, citing threats made against his family.

03.01 / 16:49

regulation MicroStrategy Taxes Bitcoin Tax attorney breaks down the MicroStrategy Bitcoin sale

Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin (BTC) holdings drew the attention of industry experts and critics.

03.01 / 13:09

Adoption regulation Africa Framework regulatory Morocco finalized crypto regulatory framework: Central Bank

The Kingdom of Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders.

03.01 / 11:41

business regulation FTX Digital Currency Group Terra Su Zhu gets called out by the community as he fires off accusations against DCG

As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediately got called out by the crypto community for blaming others and not taking accountability.

03.01 / 11:41

business regulation FTX Financial Services Bahamas regulator denies asking crypto exchange FTX to mint new tokens

The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses concern that the investigation has been ‘impeded.’

03.01 / 11:41

business regulation Fraud Terra Luna Lee Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court.

03.01 / 00:57

regulation saga New year, same old troubles — The FTX saga continues in 2023: Law Decoded, Dec. 26-Jan. 2

Although having been granted the opportunity to enjoy Christmas and the New Year with his family, former FTX CEO Sam Bankman-Fried has very few reasons for optimism in 2023. The United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from FTX and its U.S.-based subsidiary, FTX US. According to SBF, the incident was perpetrated by either a former FTX employee or someone who had unauthorized access to a former employee’s computer.

02.01 / 13:49

Blockchain regulation SEC security Sam Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report

New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture.

31.12 / 21:01

regulation FTX Congress lawmakers US lawmakers US lawmakers under pressure following FTX collapse: Report

Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX's collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies.

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