Regulation Financial News

19.09 / 14:29

Provident Target Binance regulation Warning ftx crypto exchange Financial UK Financial Regulator Issues Warning Against FTX Crypto Exchange

The UK's Financial Conduct Authority (FCA) has issue a warning to consumers not to conduct any business with the FTX crypto exchange.

19.09 / 12:41

regulation ftx crypto exchange British regulator lists FTX crypto exchange as 'unauthorized' firm

The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue to outweigh those signed up with the FCA.

18.09 / 10:33

regulation Metaverse South Korean ministry recommends enactment of special Metaverse laws

The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem.

17.09 / 14:31

regulation crypto framework Framework Is the Biden Crypto Framework Bullish or Bearish for Crypto Prices?

The administration of President Joe Biden has recently released a regulatory framework for digital assets, but key participants in the space do not believe it adequate.

17.09 / 08:51

Adoption regulation white house Department White House OSTP department analyzes 18 CBDC design choices for the US

As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices for 18 central bank digital currency (CBDC) systems for possible implementation in the US.

17.09 / 01:05

Digital regulation Department Of Justice EOS network DOJ publishes second report on EO digital asset crime, announces new expert network

The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO) on the development of digital assets on Sept. 16. At the same time, it announced the formation of a new Digital Asset Coordinator Network (DAC) “in furtherance of the department’s efforts to combat the growing threat posed by the illicit use of digital assets to the American public.”

16.09 / 23:41

Digital regulation Action Digital Asset National US Treasury publishes laundry lists of crypto risks for consumers, national security

The United States Treasury Department released three publications related to digital assets Friday, in response to U.S. President Joe Biden’s executive order “Ensuring Responsible Development of Digital Assets.” One of them focuses specifically on crypto assets, and a shorter action plan looks at countering illicit finance risks.

16.09 / 21:35

CBDC Payments regulation US Treasury report encourages instant payment, recommends more CBDC research

United States President Joe Biden ordered more than a dozen reports to be written when he released his Executive Order (EO) 14067 “Ensuring Responsible Development of Digital Assets.” Five had due dates wiin 90 days, and the last three were published simultaneously by the Treasury Department on Sept. 16. The reports were prepared in response to instructions in Sections 4, 5 and 7 of the EO.

16.09 / 20:57

Government regulation white house crypto framework Framework Blockchain Association calls White House's crypto framework a 'missed opportunity'

Members of the crypto space and advocacy groups reacted to United States President Joe Biden’s administration releasing a regulatory framework on digital assets, with many suggesting the White House focused on the potential negative aspects of crypto.

16.09 / 00:35

regulation sanctions Nazi Crypto Addresses US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group

The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control.

15.09 / 21:23

regulation Financial Singapore's financial authority grants license to SBI's digital asset arm

The Monetary Authority of Singapore, or MAS, has granted SBI Digital Markets, a subsidiary of the digital asset arm of Japan-based financial giant SBI Holdings, a license to conduct certain regulated activities in the country.

15.09 / 21:01

Blockchain regulation Terra Usd Terra Luna South Korean prosecutors apply to revoke Do Kwon and other Terra employees' passports

According to local news outlet gynews.kr, the Seoul Southern District Prosecutors' Office's Joint Financial Securities Crime Investigation Team says it will be contacting the country's Ministry of Foreign Affairs to nullify the passports of Terra Luna co-founder Do Kwon and five other project developers. Prosecutors also plan to contact Interpol and escalate the South Korean arrest warrant issued the day prior into an international arrest warrant.

15.09 / 19:55

Blockchain CFTC regulation Energy usage Merge is 'a step in the right direction' to address crypto's energy usage — Rostin Behnam

Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, said the Ethereum blockchain’s transition to proof-of-stake may help reduce crypto’s energy usage, but hinted legislation would likely still be needed to address the problem.

15.09 / 19:22

regulation CoinShares CoinShares’ Meltem Demirors Tires of Crypto In-fighting, Sees Evolutionary Crypto Development Ahead

Meltem Demirors, the chief strategy officer at publicly traded digital asset manager CoinShares, has called for the cryptocurrency industry to put its house in order and embrace regulations.

15.09 / 17:51

CBDC CFTC regulation Crypto bill needs clarification on 'digital commodity' — Sheila Warren

Sheila Warren, CEO of the Crypto Council for Innovation, said the Digital Commodities Consumer Protection Act currently being considered by U.S. lawmakers was a “pivotal step” towards achieving regulatory clarity, but recommended changes to determine the role authorities will take on digital assets.

15.09 / 16:09

regulation lending Thai SEC intends to ban crypto lending in the country

The Securities and Exchange Commission (SEC) of Thailand is preparing to take radical measures in the aftermath of crypto lending platforms’ crashes experienced in Summer 2022. Thai SEC plans to prohibit crypto platforms from providing or supporting digital asset depository services.

15.09 / 09:29

business regulation Bankruptcy Celsius bankruptcy Celsius bankruptcy judge gives the nod for independent examiner probe

A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business.

15.09 / 00:13

CFTC regulation SEC Sec Chair SEC chair Gensler holds tight to his crypto position in preview of Senate testimony

United States Securities and Exchange Commission chairman Gary Gensler is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs in a hearing titled “Oversight of the U.S. Securities and Exchange Commission” on Sept. 15. The transcript of his speech was released in advance.

14.09 / 23:31

Ripple regulation SEC CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case

The Chamber of Digital Commerce (CDC) has requested to file an amicus brief in the case of the United States Securities and Exchange Commission v. Ripple Labs and its executives Bradley Garlinghouse and Chris Larsen. Liliya Tessler of the firm Sidley Austin filed a package of documents, including the proposed brief, with the U.S. District Court of the Southern District of New York on Wednesday.

14.09 / 20:59

regulation sanctions US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses

The United States Treasury Department’s Office of Foreign Asset Control has added 10 individuals, 2 entities, and several crypto addresses allegedly tied to an Iranian ransomware group to its list of Specially Designated Nationals, effectively making it illegal for U.S. persons and companies to engage with them.

13.09 / 22:41

Blockchain Adoption regulation Central Bank regulatory New regulatory bill grants Uruguayan Central Bank control over the nation's crypto industry

The Uruguayan government has introduced legislation to the parliament that acceleratin the regulation of the crypto space in the country and establishing the central bank as the regulatory authority.

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