Regulation Financial News
24.08 / 13:41
24.08 / 10:03
business
Government
regulation
Australia's markets regulator to prioritize shielding citizens from crypto harm
Australia’s financial regulator, Australia's Securities and Investments Commission (ASIC) has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years.
23.08 / 23:07
regulation
SEC
Action
sanctions
Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen
United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC).
23.08 / 23:07
Law
regulation
lending
Bankruptcy
Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto
Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.
23.08 / 18:31
Law
regulation
SEC
CFPB
regulatory
Certain regulatory clarity could be 'hugely detrimental' for crypto, says former CFPB director
Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities.
23.08 / 13:41
Adoption
regulation
Indian Government
Indian
Crypto users
One-third of estimated 115M Indian crypto users concerned about regulations
India is now home to an estimated 115 million cryptocurrency investors despite a historically negative attitude toward the sector from the government, according to new data.
23.08 / 12:49
regulation
foreign
regulatory
Iran Impart Association demands regulatory clarity to use crypto in foreign trade
In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies.
23.08 / 10:09
Government
regulation
Ethereum 2.0
censorship
Ethereum community splits over solutions for transaction censorship
The Ethereum (ETH) community has been divided over how to best respond to the threat of protocol-level transaction censorship in the wake of the United States government sanctions on Tornado Cash-linked addresses.
23.08 / 00:03
regulation
exchanges
Digital Asset
Virtual assets
Financial
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report appearing in South Korean publication Newspim. The companies are aiming to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized.
22.08 / 23:31
22.08 / 23:09
Law
regulation
security
Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities.
22.08 / 23:09
regulation
Federal Reserve
ECB
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
Last week, the United States Federal Reserve Board turned its eye to banks and crypto, making (or promising to make) several clarifications, one of them pretty long-awaited. It announced that the final version of guidelines for reserve banks to access Reserve Bank master accounts and services is ready.
22.08 / 17:11
Blockchain
regulation
Bankruptcy
creditors
Voyager creditors oppose $1.9M employee retention proposal
Voyager Digital Holdings’ committee of unsecured creditors has filed a motion to object to the firm's proposal to keep its employees by paying them monetary awards for staying in the company.
22.08 / 14:11
business
regulation
Asia
Correlation growing between crypto and equity markets in Asia, says IMF
Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory measures, the International Monetary Fund (IMF) believes.
22.08 / 11:33
Adoption
regulation
Taxes
Crypto tax can wait, free coins can't: S. Korea mulls 'gift tax' for airdrops
The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a "gift tax" under the Inheritance and Gift Tax Act despite the postponement of crypto gains tax to 2025.
20.08 / 08:39
business
Adoption
Binance
regulation
Binance vs. FTX: CZ calls out ‘bad players’ for crypto exchange jitters
The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges.
20.08 / 01:43
regulation
privacy
network
FTX blocks Aztec Network privacy DApp, calling it a ‘high risk’ mixer
FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a “high-risk activity” prohibited by the exchange.
19.08 / 23:47
Ethereum
regulation
DEX
network
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
19.08 / 23:47
regulation
Insurance
FTX US among 5 companies to receive cease and desist letters from FDIC
The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.
19.08 / 16:57
business
Blockchain
Stablecoin
regulation
Huobi explains what went wrong with HUSD after stablecoin is back on track
After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved.
19.08 / 14:47
Binance
regulation
foreign
The Philippines pushes back against foreign exchanges, continuing a protectionist streak
The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the country’s central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement itself doesn’t sound menacing but taken in the context of accompanying developments, it makes a 112-million nation a restive region for crypto.
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