Regulation Financial News

13.09 / 21:49

regulation sanctions NOT US Treasury clarifies publishing Tornado Cash’s code does not violate sanctions

The United States Department of the Treasury said “interacting” with cryptocurrency mixer Tornado Cash’s open-source code, with certain provisions, would not be in violation of sanctions imposed by the Office of Foreign Assets Control, or OFAC.

13.09 / 18:41

regulation Police ePayments Loses Battle with UK Regulator, Japanese Police Will Be Able to Seize Crypto + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

13.09 / 17:35

business Law regulation Court BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former's acquisition.

12.09 / 23:53

Law regulation coinbase crimes Brother of former Coinbase employee pleads guilty to charges related to insider trading: Report

Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has reportedly entered a guilty plea for wire fraud conspiracy charges.

12.09 / 21:43

regulation Investments Bitcoin bitcoin fund approved Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund

Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund.

12.09 / 21:43

regulation SEC Bitcoin Etf Time Chamber of Digital Commerce says 'the time has come' for the SEC to approve a Bitcoin ETF

The crypto advocacy group Chamber of Digital Commerce called on the Securities and Exchange Commission, or SEC, to approve applications for Bitcoin exchange-traded funds (ETFs) in the interests of United States-based investors.

12.09 / 12:41

regulation boost regulatory Could Japanese Regulatory Change Provide New Boost for Crypto?

Regulations governing crypto could be set for a change – with the sector’s governing body preparing to reform laws that pertain to stablecoins and security tokens. Trust banks could also be given the power to handle crypto, as is already the case in the United States.

10.09 / 02:01

regulation regulatory approval regulatory Dubai grants regulatory approval for Blockchain.com office: Report

Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.

09.09 / 20:23

Law regulation SEC NOT 'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative of “picking winners and losers” and “stifling innovation.”

09.09 / 01:13

Blockchain regulation coinbase Department Backed Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions

According to a new lawsuit filed in the U.S. District Court, Western District of Texas. On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent designation of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list of the Office of Foreign Asset Control (OFAC) is "not in accordance with law."

09.09 / 01:13

Government CBDC regulation lawmakers vice chair Republican lawmakers call for answers on digital dollar from Fed vice chair

Members of the House Committee on Financial Services have called for Federal Reserve vice chair Lael Brainard to clarify her position on a central bank digital currency ahead of deadlines set by United States President Joe Biden’s executive order on digital assets.

09.09 / 01:13

Government Adoption regulation UK economic secretary commits to make country a crypto hub under new PM

Richard Fuller, the Economic Secretary to the Treasury, said the government wants the United Kingdom to be the “dominant global hub for crypto technologies.”

09.09 / 01:13

Mining regulation Environment White House science office looks at crypto’s effect on climate, despite scarce data

The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG) emissions. It recommends monitoring and regulation in response.

08.09 / 01:10

Ripple regulation Action Federal Reserve vice chair US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier

Two United States government financial officials gave speeches on Sept. 7 in which they expressed their positions on crypto regulation. Both had reservations about crypto.

08.09 / 01:09

Law regulation Financial Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'

The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws.

07.09 / 23:45

regulation Social Media Instagram stars UK advertising watchdog cites 2 former reality stars for crypto ads on Instagram stories

The United Kingdom’s independent advertising regulator has upheld a complaint involving former reality show Love Island contestants Eve and Jessica Gale for “triviali[zing] investment in cryptocurrency.”

07.09 / 20:37

Law regulation SEC compliance Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.

07.09 / 15:01

regulation banking interest rate 'Crypto for good': This community doesn't just innovate, it wants to make a difference

Innovation is the lifeblood of any new market or industry, and crypto is no exception. But when disruptive sectors move fast, there's always a real risk that crucial values — including safety and compassion — end up getting left behind.

07.09 / 14:53

Adoption regulation Bitcoin El Salvador celebrates Bitcoin anniversary: A year of ups and downs

Sept. 7, 2022 marks exactly one year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as legal tender by enforcing the Bitcoin Law.

07.09 / 13:07

regulation security guidelines South Korean regulators to prepare guidelines for security tokens in 2022

Guidelines for security tokens in South Korea will be announced by the end of 2022. Simultaneously, the pilot market with a regulatory sandbox will be launched before the formal institutionalization.

07.09 / 00:21

Government regulation Crypto Policy New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister.

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