Regulation Financial News

03.11 / 01:17

Law regulation us government Fried Bankman-Fried misguides regulators by directing them away from centralized finance

Last month’s proposal from Sam Bankman-Fried, CEO of crypto exchange FTX, for regulators to establish a litany of standards for the cryptocurrency industry poses an existential threat to decentralized finance (DeFi) platforms and entrepreneurial spirit. As one of a select few with the capital and clout to move the needle in the discussion surrounding crypto regulation, Bankman-Fried, also known as SBF, should be taking a stand to protect DeFi by directing regulators to where they’re urgently needed: centralized finance (CeFi) platforms and centralized exchanges (CEXs).

03.11 / 00:49

regulation International Centre Financial New ‘crypto token regime’ instituted at the Dubai International Financial Centre

The Dubai Financial Services Authority (DFSA) announced on Nov. 1 that its crypto token regime has come into force in the Dubai International Financial Centre (DIFC) special economic zone, with a six-month transition period. The new regime is the DFSA’s second round of regulations, building on the “Regulation of Investment Tokens” introduced at the DIFC in October 2021.

02.11 / 20:47

Law regulation SEC Sec Chair SEC chair highlights crypto enforcement cases to legal experts

United States Securities and Exchange Commission Chair Gary Gensler cited major enforcement actions against crypto firms as part of the “economic realities” of securities regulation.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

02.11 / 01:21

Law regulation G20 Crypto regulation is 1 of 8 planned priorities under India's G20 presidency, says finance minister

India’s Finance Minister Nirmala Sitharaman said she would love to show that the country is “moving speedily forward” with digital financial technology as it prepares to assume the presidency of the G20.

01.11 / 23:11

regulation Survey Elections 38% of US voters will consider candidates’ position on crypto in midterms: Survey

Roughly a third of eligible voters in the United States will be “considering crypto policy positions” when choosing candidates in the 2022 midterm elections, according to a new survey.

01.11 / 13:19

Blockchain Stablecoin regulation Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency.

01.11 / 13:19

regulation Terra AIM South Korean regulators aim to toughen crypto fraud punishments

In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry.

31.10 / 20:17

Adoption regulation Elections Luiz Inácio Lula da Silva wins Brazil's presidential race — what does this mean for crypto?

In a close race with outgoing Brazilian President Jair Bolsonaro, Luiz Inácio Lula da Silva, also known simply as ‘Lula,’ won the country’s presidential election following a run-off race.

31.10 / 15:43

regulation sanctions EU crypto sanctions against Russia has an unexpected enforcer

The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia.

30.10 / 10:01

Ethereum ETF regulation Mainstream Vitalik Buterin ‘kinda happy’ with ETF delays, backs maturity over attention

The co-founder of Ethereum (ETH), Vitalik Buterin, believes that the crypto ecosystem needs to mature and be in tune with the regulatory policies that allow crypto projects to operate internally freely.

29.10 / 01:55

Law regulation Terraform Labs Terra Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias.

28.10 / 20:27

Adoption regulation Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption

Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain.

28.10 / 00:07

UPS regulation FinTech Financial US currency comptroller to up its game with new Office of Financial Technology in 2023

The United States Office of the Comptroller of the Currency (OCC) announced Oct. 27 that it will create an Office of Financial Technology early next year. The new office will incorporate the Office of Innovation, which was set up in 2016. It will be led a by a chief financial technology officer, who will report to the senior deputy comptroller for bank supervision policy.

27.10 / 10:01

business regulation Bankruptcy Terra Luna DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year.

27.10 / 05:39

Government regulation Taxes foreign Aussie federal budget reaffirms BTC won’t be treated as foreign currency

The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency.

27.10 / 01:01

regulation SEC Digital Asset Prometheum Prometheum partners with Anchorage Digital on SEC-registered alternative trading system

Prometheum Ember ATS announced the launch of its alternative trading system (ATS) on Oct. 26. The new ATS is registered by the United States Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority.

27.10 / 00:05

business regulation DAO SushiSwap to create three DAOs in Panama and Cayman in business restructuring

The Sushi DAO, a decentralized autonomous organization behind crypto exchange SushiSwap, has approved a legal restructuring on Oct. 26 that creates three new decentralized entities, aiming to provide more flexibility to its operations.

26.10 / 22:03

Government Law regulation Vietnam's prime minister calls for crypto regulation: Report

Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.

26.10 / 21:03

Law regulation Police reports UK police council reports there are officers in every unit trained for crypto enforcement

The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council has said all police forces in the country have officers trained for investigations involving the enforcement and seizure of cryptocurrencies.

26.10 / 17:55

cryptocurrency Stablecoin regulation cryptocurrency trading Monetary Authority of Singapore May Introduce Risk Test Before Permitting Cryptocurrency Trading

Singapore's retail investors may have to take a risk awareness test to be allowed to trade crypto, in order to ensure that they have sufficient knowledge of the risks involved.

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