Regulation Financial News

30.08 / 19:37

regulation SEC crimes Thai SEC alleges Bitkub CTO committed insider trading

Thailand’s Securities and Exchange Commission, or SEC, announced enforcement actions against the chief technology officer of crypto exchange Bitkub, who allegedly used insider information around the purchase of Bitkub Coin (KUB).

30.08 / 16:51

Blockchain Adoption regulation Web3 ‘We need to learn what regulation works and what holds us back’ — hedge fund exec

With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a potential catalyst to broader adoption.

30.08 / 16:23

Adoption regulation Bitcoin Russian PM takes cue from Iran’s crypto payment permit for imports

Russia could soon be taking a cue from Iran by using cryptocurrencies for imports, according to comments from the Russian prime Minister.

30.08 / 14:45

regulation Fraud Wanted Turkish crypto exchange founder detained in Albania

The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana.

30.08 / 12:31

regulation Bitcoin Withdrawals Hodlnaut now placed under creditor protection after freezing withdrawals

Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.

30.08 / 11:21

Adoption Mining regulation businesses Iranian businesses get the green light to use crypto for imports

Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions.

29.08 / 23:23

Adoption regulation Australian Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29

Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years. The regulator intends to focus on “digitally enabled misconducts” and to protect investors “from harms posed by crypto-assets.” Given the ASIC’s history of anti-crypto sentiments, such an announcement could be perceived as hostile, but at least it contains a promise to implement some regulatory framework that is still absent.

29.08 / 22:43

Stablecoin regulation ICO Central Bank Future South Korean central bank eyes MiCA, says future regulations may allow ICOs again

The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.

29.08 / 12:39

regulation ICO Central Bank end South Korea’s Central Bank Calls for End to ICO Ban

28.08 / 15:41

business regulation Altcoin DAO MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).

26.08 / 22:44

Government Law regulation Regulators have a weak case against FTX on deposit insurance

In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.

26.08 / 22:43

Law Binance regulation Binance froze $1M corporate account due to law enforcement request

Major crypto exchange Binance has confirmed it restricted account access to $1 million in crypto for a Tezos tool contributor after being called out on social media.

26.08 / 04:37

regulation AML Police Backed A16z-backed CoinSwitch exchange raided over alleged forex law breaches

Major Indian crypto exchange CoinSwitch Kuber had five of its premises searched by anti-money laundering agents on Thursday over alleged violations of forex laws.

25.08 / 21:09

Provident regulation Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report

Police have closed down at least 16 cryptocurrency exchanges in the Herat province of western Afghanistan in the last week, according to a report in Ariana News, an independent news outlet in that country. The report quotes a local police official as saying arrests were made during the closures.

25.08 / 18:31

Forecast MARKET regulation Bitcoin Crypto Derivatives Industry 'Expects' Severe Regulation, Bitcoin’s Price to Return to USD 65K - Report

25.08 / 16:55

Adoption regulation security FinTech hearing committee Binance gives security assurances in Philippine senate banking committee hearing

Binance representatives participated in a hearing of the Philippine Senate Banking Committee, according to a report in the local press Wednesday. Bangko Sentral ng Pilipinas deputy governor Chuchi Fonacier, the country’s Security Exchange Commission (SEC) chair Emilio Aquino, and members of FinTech Alliance Philippines and the Cagayan Economic Zone Authority also took part in that hearing.

25.08 / 14:59

Stablecoin CBDC regulation lending Amendments to US commercial code differentiate crypto and ‘electronic money’

A joint committee of the United States's Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.

25.08 / 12:53

business regulation Court Bankruptcy US court US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

25.08 / 00:57

CBDC Adoption regulation ECB digital euro services Bank of Finland governor says digital euro could facilitate pan-European services to consumers

In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe.

24.08 / 22:25

Blockchain Stablecoin regulation freeze NOT Tether says it would not freeze sanctioned Tornado Cash addresses unless instructed by law enforcement

On Wednesday, U.S. dollar stablecoin issuer Tether (USDT) said that it would not freeze smart contract addresses sanctioned by the U.S. Office of Foreign Assets (OFAC) Control's Specially Designated Nationals and Blocked Persons (SDN) list for cryptocurrency trail-mixer Tornado Cash. In explaining the decision, Tether said:

24.08 / 16:29

Law regulation wallet FDIC-FTX spat is another reason for investors to self-custody their funds

Searching for more evidence that self-custody of your cryptocurrency holdings beats a centralized manager? Look to the latest action by the Federal Deposit Insurance Corporation (FDIC).

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