Regulation Financial News
01.12 / 13:15
CFTC
regulation
SEC
Bitcoin
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
The chief of the United States Commodity Futures Trading Commission (CFTC), Rostin Behnam, claimed Bitcoin is the only crypto asset that can be viewed as a commodity during an invite-only crypto event at Princeton University, reported Fortune.
01.12 / 01:09
CFTC
regulation
US CFTC commissioner calls for new category to protect small investors from crypto
United States Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero spoke at the Futures Industry Association Asia Derivatives Conference in Singapore on Nov. 30. She talked about “how to harness the best that technology offers, while protecting against emerging threats,” with particular emphasis on cybersecurity and crypto.
01.12 / 01:09
regulation
FTX
MICA
committee
FTX proves MiCA should be passed fast, officials tell European Parliament committee
The European Parliament Economic and Monetary Affairs Committee held a hearing on the "FTX cryptocurrency exchange collapse and implications for the EU" on Nov. 30. Three European monetary officials testified, talking about FTX, blockchain technology and crypto regulation in a “preliminary assessment of the events.”
01.12 / 01:09
Law
regulation
Senate
Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.
30.11 / 22:03
regulation
Senate
committee
Senate Banking Committee chair calls for coordination with Treasury on crypto
Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on comprehensive crypto legislation “in the wake of FTX’s implosion.”
30.11 / 17:23
regulation
Bitcoin
Deal
Brazilian Government Wants to Police Crypto and Train Prosecutors to Deal with Scams
Brazil’s government will look to tighten its policing of the nation’s crypto sector. It has created a “working group” composed of top lawyers and prosecutors who have been tasked with drafting proposals for legal reform.
30.11 / 17:13
business
Government
regulation
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Singapore government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong.
30.11 / 17:01
Blockchain
regulation
Cybersecurity
Analysis
Cross-Chain
Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them
Improved blockchain analytics will become increasingly important to combat the use of cross-chain bridges for illicit means, which are estimated to surpass $10 billion in value by 2025.
30.11 / 13:43
Blockchain
Binance
regulation
acquires
Binance acquires regulated crypto exchange in Japan
Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported.
30.11 / 11:15
regulation
Altcoin
Terraform Labs
Terra
South Korea issues arrest warrant for Do Kwon's former colleagues
Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra ecosystem.
30.11 / 10:51
Adoption
Payments
regulation
Brazil passes law to legalize crypto as a payment method
While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.
30.11 / 00:51
regulation
FTX
Congress
lawmaker
US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy.
29.11 / 20:19
Ethereum
regulation
FTX
Bitcoin
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space.
29.11 / 13:33
Blockchain
regulation
Banks
Customer
FTX reportedly used Alameda's bank accounts to process customer funds
The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning.
29.11 / 13:01
regulation
European Union
European Central Bank President Christine Lagarde Calls For Crypto Regulation in EU Following FTX Collapse, Says It is ‘Very Much Needed’
Christine Lagarde, head of the European Central Bank (ECB), has once again reiterated the need for bringing crypto under regulatory oversight in the European Union (EU) amid the collapse of cryptocurrency exchange FTX.
29.11 / 02:21
regulation
European Union
ECB
ECB president reiterates calls for 'MiCA II' in response to FTX collapse
Christine Lagarde, president of the European Central Bank, or ECB, has once again called regulation and supervision of crypto an “absolute necessity” for the EU in the wake of the collapse of crypto exchange FTX.
28.11 / 23:55
regulation
FTX
Congress
hearing
us house
committee
US House committee sets Dec. 13 date for FTX hearing
The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.
28.11 / 23:37
regulation
Kraken
OFAC
us sanctions
Kraken settles with US Treasury's OFAC for violating US sanctions
The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, has announced a settlement with crypto exchange Kraken for “apparent violations of sanctions against Iran.”
28.11 / 23:21
UPS
Twitter
regulation
Billionaire Investor Bill Ackman Says Crypto Regulators Will Take ‘Years’ to ‘Catch Up’
The way to clean up the crypto space is not necessarily more rules, but instead better enforcement of existing rules, believes the American billionaire hedge fund manager Bill Ackman. But even then, the job will likely take regulators years, he said.
28.11 / 13:15
Blockchain
regulation
Funding
FTX collapse put the Singapore government in a parliamentary hot seat
The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for their failure to protect retail investors.
28.11 / 05:37
Law
Ripple
regulation
FTX
fall
Utility
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.”
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