Regulation Financial News

25.12 / 08:15

business regulation FTX FBI Fried Sam bail Sam Bankman-Fried found 'chilling' in JFK airport lounge on $250M bail bond

The momentary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to the efforts taken by the crypto community to aid investigations and track down the whereabouts of the infamous entrepreneur. While SBF eventually escaped prison time via a $250 million bail bond, the community continues to monitor his every move publicly.

24.12 / 18:31

Blockchain Binance regulation Bitfinex Crypto can get weird: The 5 strangest stories of the industry in 2022

From Terra to FTX, 2022 has given us many weird crypto stories. While investors have been enduring a bear market that saw the crypto industry sink below the $1 trillion market capitalization mark, adoption in the space has been growing, and old mysteries were finally solved.

24.12 / 13:41

business Law regulation FTX paid $12M retainer to a New York law firm before bankruptcy filing

Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.

24.12 / 02:15

Mining regulation Trading privacy Broker U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is

A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in accordance with the Infrastructure Investment and Jobs Act passed in November, 2021.

23.12 / 22:51

Law regulation crimes FTX Deal Customer Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal

Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments.

23.12 / 21:27

regulation Donations Elections Agency US election US election agency approves use of NFTs as campaign fundraising incentive

The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts.

23.12 / 16:31

regulation Marketplace us sanctions OpenSea blocks Cuban artists from the platform due to US sanctions

Nonfungible token (NFT) marketplace OpenSea has been banning artists and collectors from Cuba, citing United States sanctions as the key reason behind its action.

23.12 / 15:11

business Law Robinhood regulation FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares

Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried.

23.12 / 15:09

Binance regulation SEC Reserve SEC's Munter: Investors Should Proceed with Caution on Crypto Proof-of-Reserve Audits

The United States Securities and Exchange Commission (SEC) has issued a warning regarding audits of cryptocurrency companies, saying that investors should be “very wary” about relying on a company’s proof-of-reserves.

23.12 / 11:29

CBDC regulation Central Bank Bitcoin How crypto could be good for CBDC and vice versa: Industry exec explains

Cryptocurrencies like Bitcoin (BTC) could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive.

23.12 / 09:17

Blockchain regulation SEC exchanges Reserve Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.”

23.12 / 09:01

business regulation Web3 HK HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years

A start-up accelerator co-founded by Hong Kong legislative council member Jonny Ng Kit-Chong wants to attract 1,000 Web3 businesses to set up shop in the city-state over the next three years.

23.12 / 09:01

regulation FUD Binance addresses 7 instances of recent FUD via Chinese blog post

The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear, uncertainty, and doubt) since the downfall of FTX. The firm is now fighting back with its latest blog post.

23.12 / 01:53

regulation FTX Bitcoin Regulation Terra NOT Rating agencies, not regulators, can rebuild trust in crypto after FTX

The last year has been an eventful one for the crypto space. The collapse of the Terra ecosystem and its TerraUSD (UST) algorithmic stablecoin saw $50 billion wiped off the market in a flash. And more recently, FTX, an exchange many thought was “too big to fail,” came crashing down. There’s been no shortage of drama in the space, which has seen name-stay businesses and projects disappear along with investors’ funds.

23.12 / 00:33

business regulation Decentralization DAO Marshall Islands legally recognizes DAOs as domestic limited liability companies

The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law.

22.12 / 22:55

regulation FTX bail SBF sent home after his parents put up their house to cover his astronomical bail bond

Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead of his trail, Reuters reported Dec. 21.

22.12 / 21:27

Law regulation Brazilian president signs crypto bill into law

Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country.

22.12 / 19:33

Law regulation FTX Bankruptcy Customers Third parties could return FTX funds directly to customers: Law firm

More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to one expert, recipients of donations and contributions may have a legal means of returning the funds directly to investors and customers.

22.12 / 17:32

regulation BitPanda Remark Financial French Financial Regulators Blacklist Crypto Trading Websites

France’s top financial regulators have added the crypto trading websites 24cryptoforextrading.net, silveriz.fr, and cryptoneyx.io to a blacklist of firms operating in France “without proper authorization.”

22.12 / 13:53

CBDC regulation Central Bank Indian Financial 'Don't Regulate - Ban Crypto Before It Triggers Financial Crisis', Indian Central Bank Head Says

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, suggested that cryptocurrencies should not be regulated - they should be banned altogether, lest they lead to the next financial crisis.

22.12 / 13:07

business regulation FTX Court Jail Deal Alameda's Caroline Ellison escapes potentially 110 years in jail via plea deal

One of the key witnesses on the ongoing FTX investigation could evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would be prosecuted only for criminal tax violations and can be released immediately by paying the $250,000 bail.

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