Regulation Financial News

28.09 / 07:03

defi regulation Federal Reserve Fed's Powell: DeFi needs appropriate regulation before expanding to retail

United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation.

28.09 / 01:35

Law regulation Congress lawmaker Time NOT regulatory 'Time is not on our side' to provide regulatory clarity on crypto, says US lawmaker

New Jersey Representative Josh Gottheimer said that United States lawmakers needed to pass legislation clarifying regulators’ role over crypto or risk companies taking their business abroad.

28.09 / 01:35

Law regulation Cybercrime Training Binance Global Law Enforcement Training Program is official after year of activities

Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive, since the company’s investigations team has been holding workshops for law enforcement for the past year.

27.09 / 20:47

regulation FATF AML Japan preparing amendment to enforce FATF travel rules on crypto by May 2023: Report

Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The changes will bring Japan up to date with Financial Action Task Force (FATF) recommendations.

27.09 / 20:05

Law regulation Revolut UK crypto FCA green lights Revolut, making no UK crypto firms operating under temporary status

The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country.

27.09 / 18:03

Blockchain regulation Terraform Labs Terra Bitcoin freeze Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

27.09 / 11:45

Adoption regulation International Russia aims to use CBDC for international settlements with China: Report

Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade.

27.09 / 01:42

Provident regulation Action security California files order against Nexo interest account, says it’s 8th state to take action

The California Department of Financial Protection & Innovation (DFPI) has filed a desist and refrain order against crypto lending platform Nexo as part of its ongoing investigation of companies offering interest-bearing crypto assets accounts. The agency claims it is joining regulators from seven other American states in taking action against the company. The other states involved are Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont, according to CNBC.

27.09 / 01:42

Law regulation Interpol Terra Terra co-founder Do Kwon says he's 'making zero effort to hide' following Interpol notice

Terra co-founder Do Kwon, wanted by South Korean authorities and whose whereabouts are currently unknown, has suggested he’s not changing his routine in response to potential legal action.

26.09 / 23:36

CBDC regulation ECB wholesale ECB should have DLT wholesale settlements when the market wants it, official says

The European Central Bank (ECB) needs a wholesale central bank digital currency (CBDC) because market players expect it, ECB executive board member Fabio Panetta told a banking symposium in Germany on Monday. Two options for wholesale CBDCs are currently under consideration.

26.09 / 21:31

business regulation regulatory Singapore strives to remain relevant amid regulatory tightening for retail investors

Singapore's largest bank, DBS, has announced another move to expand its crypto services while remaining cautious in complying with the financial authorities' view that crypto assets are not suitable for retail investors in the country.

26.09 / 19:49

regulation Pro-centralization Russian president grants citizenship to Edward Snowden: Report

Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in the country since 2013.

26.09 / 19:13

CFTC regulation U.S. CFTC Shakes Crypto Industry After Action Against DAO - Who’s Next?

The U.S. Commodity Futures Trading Commission (CFTC) has rattled the crypto community with an enforcement action it brought against Ooki DAO, leaving market participants fuming and unsure of which protocol could be targeted next by regulators.

26.09 / 17:36

UPS Binance regulation Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

The Financial Services Agency (FSA), Japan's crypto market regulator, has issued a renewed warning to the Japan Virtual Currency Exchange Association (JVCEA), the country's crypto exchanges self-regulatory body, about the October full-scale implementation of FATF travel rules for crypto.

26.09 / 10:55

CBDC Adoption regulation Australian Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper

Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD.

26.09 / 09:41

business regulation Kraken Kraken's incoming CEO: No plans to register with SEC

The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission (SEC) or delist any tokens that have been labeled by the SEC as securities.

26.09 / 03:41

Blockchain Adoption regulation Survey Swyftx 1M Aussies will enter crypto over the next 12 months — Swyftx survey

Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a newly released survey.

25.09 / 23:05

Stablecoin regulation Crypto License Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets.

24.09 / 03:09

regulation Upbit Crypto Exchange Executive Upbit Exchange Executive Welcomes Talk of Fresh Crypto Regulations

One of the top executives at Upbit, South Korea’s market-leading crypto exchange, has spoken out in favor of new crypto regulations both at home and abroad – and has suggested that while they may cause the markets more short-term pain, the industry is set to benefit in the long term.

24.09 / 00:41

Government regulation Trading Framework Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes.

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