Regulation Financial News

02.11 / 12:51

NFT defi regulation Real Estate Assets Digital Asset Podcast Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact

The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and the decentralized finance landscape. Raghavan also talks about fractional nonfungible tokens (NFTs), regulations and the risks related to Web3 real estate platforms.

02.11 / 11:49

Law regulation Tokens Digital Asset Hong Kong issues rules for asset tokenization as interest mounts

The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization.

02.11 / 11:09

Stablecoin regulation SEC PayPal Bitcoin PayPal faces SEC action related to PYUSD stablecoin: Report

Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.

02.11 / 10:57

regulation fees Financial Services Consumer Duty St James's Place NOT FCA warns 'top priority' Consumer Duty 'not once and done' event

The regulator warned firms they have to embed customers’ interests centrally in their culture and purpose, across strategy, governance, leadership and people policies, not just compliance.

02.11 / 10:19

business CBDC regulation Banks Central Bank Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.

02.11 / 09:41

Law Ripple regulation SEC Tokens Ripple’s legal chief questions SEC case losses under Gensler

Ripple chief legal officer Stuart Alderoty has expressed reservations about the recent string of legal defeats suffered by the United States Securities and Exchange Commission during Gary Gensler’s tenure. These remarks follow another setback for the SEC in the Fifth Circuit Court after Ripple’s victory in the XRP lawsuit in July 2023.

02.11 / 08:15

Adoption regulation Cybersecurity Cybercrime investigation UK seeks six crypto investigators to beef up National Crime Agency

Reacting to the rising attempts by bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and digital assets team to counter the issue.

02.11 / 08:15

regulation Web3 Abu Dhabi Global Market introduces comprehensive DLT Foundations Regulations

The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. The international financial free zone’s regulatory framework is “purpose-built” and the first of its kind, the agency claimed.

02.11 / 06:05

regulation Asia Financial JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary

The Hong Kong government says the recent $165 million alleged scandal involving crypto exchange JPEX won’t stifle its Web3 vision for the region.

01.11 / 17:51

regulation SEC SafeMoon executive team charged with multiple fraud counts, arrests made

The United States Securities and Exchange Commission (SEC) announced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities sales in connection with its SafeMoon token. The Justice Department unsealed charges against the men at the same time.

01.11 / 15:07

Blockchain regulation SEC security Bitcoin Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

On the 15th anniversary of the release of the Bitcoin white paper, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator of Bitcoin (BTC), Satoshi Nakamoto, in the Canadian parliament while advocating for people to study the leading cryptocurrency.

01.11 / 15:07

Payments regulation PayPal Bitcoin UK crypto PayPal scores UK crypto license after brief local Bitcoin buy halt

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.

01.11 / 15:07

regulation us government UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China.

01.11 / 15:07

regulation BitGo Bitcoin Bafin US crypto custody firm BitGo wins BaFin license in Germany: Report

Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary.

01.11 / 10:21

Digital Currency regulation Digital Asset Turkey aims to shed FATF ‘grey list’ status with new crypto regulations

Turkey is reportedly drafting fresh regulations to govern crypto assets in an effort to convince the Financial Action Task Force (FATF) — an international organization responsible for combating financial crimes — to remove it from a “grey list” of nations that have not done enough to combat money laundering and terrorist financing.

01.11 / 10:21

CBDC regulation Europe European Union Euro Survey: 65% of Spaniards aren’t interested in using digital euro

As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project.

01.11 / 02:25

business Law regulation SEC crimes Court Taxes tax evasion Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.

31.10 / 23:59

CFTC regulation Fraud us government Press Release Commodities Investment CFTC pays whistleblowers $16M this year for mostly crypto tips

The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto.

31.10 / 22:03

regulation SEC PayPal coinbase Congress legislation GAO guidance GAO finds controversial SEC guidance is subject to congressional oversight

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers.

31.10 / 17:01

regulation UK CMS FCA maintains focus on remuneration policies following bankers' bonus cap removal

While the FCA impressed upon the committee to focus on these “key” areas, it also informed them that it would now only be writing to it once every couple of years versus the current annual rate.

31.10 / 13:23

Adoption regulation wallet Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.

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