Regulation Financial News

18.11 / 00:51

regulation Congress legislation Fried US Sen. Warren and Durbin demand answers from Bankman-Fried and his successor at FTX

United States Sens. Elizabeth Warren and Richard Durbin wrote to the former and current CEOs of FTX, Sam Bankman-Fried and John Jay Ray III, respectively, on Nov. 16 to ask for more information on the collapse of the cryptocurrency exchange. They made 13 requests for documents, lists and answers.

17.11 / 14:05

regulation Fed Treasury US Treasury Secretary Janet Yellen Says Crypto Markets Need More ‘Effective Oversight’ Following FTX Implosion

As the collapse of major exchange FTX continues to fuel a bearish mood throughout the cryptosphere, US Treasury Secretary Janet Yellen has called for the introduction of tighter regulations for the crypto industry.

17.11 / 13:03

Binance regulation FTX hearing us house committee US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?

The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month.

17.11 / 09:59

Government Blockchain regulation legislation Aussie treasurer promises crypto regulation next year amid FTX debacle

The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week.

17.11 / 05:23

business regulation interview Bankruptcy Fried Sam Sam Bankman-Fried says he regrets filing for bankruptcy: Report

The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.”

16.11 / 21:29

regulation FTX Congress Fried Sam Financial Crypto skeptic Brad Sherman: federal financial regulators 'sound like Sam Bankman-Fried'

California Representative Brad Sherman, who repeatedly called for a ban on U.S. residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-Fried’s ideas on regulating digital assets.

16.11 / 19:47

regulation Congress investigation lawmaker hearing FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing

Members of the United States House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset ecosystem.”

16.11 / 18:29

Blockchain Binance regulation investigation Investigations 27,000 requests last year: Collaboration key for Binance’s Investigations team

Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world.

16.11 / 18:03

Adoption Binance regulation services Financial Abu Dhabi grants Binance financial services permission, economist hits out

Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region.

16.11 / 16:13

regulation investigation FBI Fried Extradition US reportedly considering Bankman-Fried extradition for questioning

In the aftermath of the FTX exchange liquidity crisis and bankruptcy, the United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, former CEO of the company, back to the U.S. for questioning.

16.11 / 13:33

Provident regulation guidelines South Korean Regulator Set to Launch Crypto Auditing Guidelines

South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX.

16.11 / 13:23

regulation New York State National US national crypto laws should look like New York's, says state regulator

The superintendent of the New York Department of Financial Services (DFS) joined a nationwide regulatory discussion in the aftermath of the FTX collapse with a fresh take. Adrienne Harris believes that any federal crypto legislation to come should not override state regulatory regimes.

16.11 / 05:49

Government Blockchain regulation FTX Australia's license suspended as 30K Aussies left in the lurch

Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000 Australians and 132 Australian companies get their funds back from FTX.

16.11 / 01:03

Provident Digital regulation guidance Warning California AG issues warning-ladened guidance for public interested in buying crypto

With the cryptocurrency market becoming ever more complex and intimidating, California Attorney General Rob Bonta had decided to issue guidance for novice crypto buyers. The California Office of the Attorney General’s website now features a page that will help those new to crypto “avoid the hype, [and] get the facts.”

15.11 / 23:47

regulation Congress corruption Thousands petition for congressional investigation of alleged Gensler–SBF links

Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization claimed in a tweet on the morning of Nov. 14.

15.11 / 21:41

CBDC regulation Federal Reserve week NY Fed launches 12-week CBDC pilot program with major banks

The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

15.11 / 19:51

regulation security FTX Caribbean Bahamas supreme court approves 'provisional liquidators' for FTX

The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has approved two provisional liquidators to oversee the crypto exchange’s assets.

15.11 / 16:57

business regulation Bankruptcy creditors FTX bankruptcy filing speculates over 1 million creditors

The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days.

15.11 / 16:57

regulation Bitcoin Withdrawals FTX-owned crypto exchange Liquid halts all withdrawals

The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges.

15.11 / 15:17

MARKET regulation FTX Bitcoin Bitcoin Bull Michael Saylor Says FTX Crash Can Benefit BTC – Here’s What He Said

“The FTX collapse is an expensive ad for Bitcoin,” said former MicroStrategy CEO and bitcoin (BTC) bull Michael Saylor.

15.11 / 00:33

Law regulation Terraform Labs Terra South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report

Authorities in South Korea have reportedly requested Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, to appear as part of an investigation into the collapse of the firm.

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