Regulation Financial News

27.11 / 00:59

business regulation POW New York's mayor seeks balance with regulators after PoW mining moratorium

New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.

26.11 / 00:19

defi Hackers regulation Aave Ava Labs DeFi sparks new investments despite turbulent market: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

25.11 / 17:09

business Law regulation FTX FTX’s collapse could change crypto industry governance standards for good

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

25.11 / 16:11

business regulation FTX Turkey seizes FTX assets in the country amid the ongoing investigation

Assets belonging to former FTX CEO Sam Bankman-Fried have been seized by the country’s Financial Crimes Investigation Board, locally known as MASAK, following the collapse of his main business.

25.11 / 15:23

Blockchain regulation FTX stake FTX stake in US bank raises concerns about banking loopholes

The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake in one of the smallest United States banks from rural Washington has raised fresh concerns about its operations and alleged misuse of banking loopholes.

25.11 / 11:21

Government regulation Asia Bitcoin Crypto licenses Uzbekistan issues first crypto licenses to two local ‘crypto stores’

As Uzbekistan prepares to adopt a new cryptocurrency framework in 2023, the Uzbek regulators have started issuing regulatory approvals to local crypto service providers.

25.11 / 01:01

regulation IMF IMF calls for tighter crypto regulation in Africa as the industry unfolds

The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22.

24.11 / 15:31

business regulation FTX UAE regulator revokes FTX license amid the exchange collapse

As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license which allows FTX to make preparations to service the local market.

24.11 / 14:37

Blockchain regulation Crypto lender Hodlnaut reportedly faces police investigation in Singapore

Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.

24.11 / 12:39

regulation crypto ban New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets

New York Attorney General Letitia Games has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.

24.11 / 06:47

Law regulation Court Block Earner sued over crypto-yield products, CEO calls for clarity

The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products.

23.11 / 22:15

regulation crimes FTX lawmakers US lawmakers US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'

Two Democratic members of the United States Senate have called on the Justice Department to investigate the collapse of FTX and potentially prosecute individuals involved in wrongdoing.

23.11 / 12:53

Adoption regulation Senate US Sen. Elizabeth Warren says crypto will ruin economy —community responds

The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov. 11. A new op-ed from United States Senator Elizabeth Warren revealed a negative stance towards the industry with regard to the fallout.

23.11 / 12:53

regulation Central Bank sanctions Bitcoin Central banks can use Bitcoin to fight off sanctions: Harvard research

A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers.

23.11 / 12:21

regulation New York State Bitcoin New York governor signs PoW mining moratorium into law

New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22, making it the first state in America to ban any PoW crypto mining activity for two years.

23.11 / 01:41

business Blockchain regulation investment platform licence Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so

In an official blog post, Bitpanda announced that it has secured a crypto custody licence from the German financial authority, BaFin.

23.11 / 01:11

Binance regulation Central Bank Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.”

23.11 / 00:53

regulation Boeing Bank of England Intuit Bank of England Warned Consumers About DeFi Risks Following FTX Collapse – Regulation Coming Soon?

Bank of England (BoE), the UK’s central bank, warned consumers about the risks of using decentralized finance (DeFi) protocols shortly after the crypto exchange FTX collapsed.

22.11 / 21:31

Law regulation Cybersecurity Bankruptcy 'Substantial amount' of FTX's assets stolen or missing — bankruptcy counsel

James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.

22.11 / 17:19

Law defi regulation Court hearing Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22.

22.11 / 13:45

Blockchain regulation Court FTX ordered to pay reimbursement fees to Bahamian regulators

The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters.

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