Regulation Financial News

19.10 / 11:59

regulation IRS Taxes IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens (NFTs) in their 2022 IRS tax forms. The draft bill released by the Internal Revenue Service features a well-defined Digital Assets section that outlines if and how taxpayers will account for the use of cryptocurrencies, stablecoins and NFTs.

19.10 / 09:41

Law regulation Court Prosecutors argue 'insider trading' claim in the OpenSea case is accurate

United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges.

19.10 / 06:57

Law regulation Scams Ponzi scheme Cryptoqueen 'Cryptoqueen' associates face German court for role in $4B OneCoin scheme

Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes.

19.10 / 05:49

business Blockchain regulation Bitcoin regulatory BTC energy use jumps 41% in 12 months, increasing regulatory risks

Bitcoin (BTC) has seen a 41% increase in energy consumption Year-on-Year (YoY) despite dramatic improvements in energy efficiency and a more diverse and sustainable energy mix — but there are concerns the rise could see regulators clamp down on mining.

18.10 / 22:53

regulation Environment European Union Energy Consumption European Commission regulatory Europe moves toward regulatory action on crypto’s environmental impact, energy use

The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along with myriad other energy users.

18.10 / 18:03

Blockchain Law regulation International UK Law Commission to review international laws on crypto to consider legal reforms

The Law Commission of England and Wales will set about reviewing private international legal challenges involving cryptocurrencies through a government-commissioned project.

18.10 / 12:31

regulation Europe European Union lawmakers EU Commissioner urges lawmakers to hurry up with crypto regulations

While the European Union proceeds with smoothly passing its landmark crypto framework, the Markets in Crypto-Assets (MiCA), through the legislation phases, its financial services chief urges the American counterparts to keep in step to ensure the forthcoming regulations will be global, not local.

18.10 / 01:07

regulation lending Bankruptcy guidance consultation Celsius judge says court may look to UK consultation paper in absence of US guidance

The lack of crypto regulation in the United States has long complicating the lives of users and service providers, and now a judge has acknowledged the pain the judiciary feels from its absence too. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad for guidance in the case.

18.10 / 00:43

regulation security Texas investigates FTX for securities violations after objecting to Voyager auction

The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) filed a supplemental declaration Oct. 14 in the Voyager Digital case in which it stated that the SSB is investigating FTX Trading, FTX US and their principals, including co-founder and CEO Sam Bankman-Fried, for allegedly offering unregistered securities in the United States. FTX US won the auction for the remaining Voyager Digital assets on Sept. 26.

17.10 / 21:33

Provident Digital regulation Financial Services services Société Générale progresses in crypto space with digital asset services registration

The French stock market regulator, the Autorité des marchés financiers (AMF), approved France’s Société Générale bank as a digital assets service provider (DASP) on Sept. 27. Société Générale joined international operators such as Voyager, Bitpanda, Binance and Etoro as registered DASPs. The bank did not announce its approval.

17.10 / 21:03

business Blockchain Binance regulation Framework regulatory New allegations arise regarding Binance's regulatory framework

On Oct. 17, a new report published by Reuters alleged that cryptocurrency exchange Binance "swerved scrutiny" from regulators in the United Kingdom and the United States. The main spearhead of the allegations arises from two supposed incidents in its operating history.

17.10 / 09:07

regulation ASIC compliance Three Aussie crypto funds halted as regulator cites non-compliance

Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinations (TMDs).

17.10 / 05:51

Law CFTC regulation retail Fried Bankman-Fried '100%' supports knowledge tests for retail derivatives traders

The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific.

15.10 / 08:45

business regulation Bankruptcy Texas authorities object to Voyager's disclosure statement in its current form

The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.

14.10 / 14:37

regulation marketing BIS IOSCO demands tighter scrutiny over the 'finfluencers'

The Board of the International Organization of Securities Commissions (IOSCO) believes the regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail marketing and distribution.”

14.10 / 10:29

regulation security Scams Fraud NOT Industry exec explains why NFT fraud protection falls on brand and not marketplaces

Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.

14.10 / 06:55

regulation us government banking Time Regulators are 'spending too much time' on crypto: Comptroller

United States Acting Comptroller of the Currency (OCC) Michael Hsu has expressed concerns that regulators are spending “too much time on crypto," rather than more pressing issues, such as technology and banking.

14.10 / 05:55

Adoption regulation kpmg Bitcoin guidelines FASB guidelines could 'smooth the way' for broader crypto adoption

The United States Financial Accounting Standards Board (FASB)’s decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency.

14.10 / 00:19

Stablecoin regulation legislation Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” about financial technology and needs to return to solving real world problems. He is in talks on legislation that may at least bring more clarity to stablecoins.

13.10 / 22:20

Law regulation SEC Congress lawmaker US lawmaker says crypto regulation from SEC is 'needed now'

John Hickenlooper, a United States Senator representing Colorado, has penned a letter to Gary Gensler urging the Securities and Exchange Commission chair to establish “clear rules” for the crypto market.

13.10 / 20:39

Provident regulation Continental MICA EU commissioner McGuiness says privacy, AML may look different from US under MiCA

Fintech needs to communicate better, according to a top European Commission (EC) financial official. People ask what the need for financial technology is, and the industry has answers, but “we need to talk about this outside ourselves,” Commissioner for Financial Stability, Financial Services and the Capital Markets Union Mairead McGuinness said on Oct. 13.

what you should know about regulation

What is regulation and why is it relevant?

Regulation is a trending topic that is in the spotlight. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on regulation?

All latest articles about regulation can be found in the dedicated section. We publish information as it becomes available.

How can I verify the accuracy of information on regulation?

We rely on trusted sources to ensure that the information about regulation is well-supported and valuable for our readers.