Regulation Financial News
19.08 / 12:07
Ethereum
regulation
Bitcoin
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances.
19.08 / 09:25
business
regulation
lending
Bankruptcy
US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’
The United States Trustee handling Celsius’ bankruptcy proceedings has called for an independent examiner to be brought in to “untangle” the embattled network’s financial affairs and business operations.
19.08 / 01:13
Government
regulation
Environment
lawmakers
Consumption
US lawmakers
US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption
Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment.
18.08 / 23:13
18.08 / 16:41
regulation
Reserve
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines in effort to prevent illicit activities to its subsidiaries, which included encouragement not to cut off all ties with cryptocurrency.
18.08 / 16:41
regulation
Bitcoin
Financial
Korean financial watchdog to block tens of unregistered exchange websites
Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms.
18.08 / 12:53
18.08 / 11:57
Blockchain
Law
regulation
privacy
Law enforcement should give up trying to access everyone's data, says legal expert
While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censorship and decentralization.
18.08 / 09:31
Adoption
ETF
regulation
asset manager
Aussie asset manager to offer crypto ETF using unique license variation
Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF).
18.08 / 07:21
CBDC
Adoption
regulation
ECB
CBDCs only solution to 'smooth continuation' of the monetary system: ECB
The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the "only solution" that will guarantee a "smooth continuation" of the current monetary system.
18.08 / 06:43
business
Government
regulation
Ontario crypto exchanges impose $30K annual limit on altcoin buys
Canada-based crypto exchanges Bitbuy and Newton are enforcing a $30,000 (CAD) annual “buy limit” for "restricted coins" for their users based in Ontario in order to “protect consumers” amid tightened regulations.
18.08 / 01:05
Provident
regulation
Action
Crypto Companies
Senator asks FDIC about allegations it discourages bank relations with crypto companies
Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator suspects the FDIC “may be improperly taking action to deter banks from doing business with lawful cryptocurrency-related (crypto-related) companies.”
18.08 / 00:15
Law
regulation
Europe
ECB
guidance
European Central Bank addresses guidance on licensing of digital assets
The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe.
17.08 / 23:15
17.08 / 21:15
Government
Law
regulation
privacy
Tornado Cash sanctions will ultimately undermine the US and strengthen crypto
The United States' move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening her grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad.
17.08 / 16:03
business
regulation
Terraform Labs
Terra
Lawyers
Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation
Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.
17.08 / 14:09
17.08 / 07:51
Blockchain
Adoption
regulation
privacy
Disaster
manta
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.”
17.08 / 07:17
regulation
crimes
Cybercrime
data
exit
Crypto scams
fall
Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Fewer people have fallen victim to cryptocurrency scams in 2022 so far due to falling asset prices and the exit of inexperienced crypto users from the market, a new crypto crime report reveals.
17.08 / 06:37
business
regulation
Bitcoin
Crypto.com secures UK registration for 'cryptoasset activities’
Digital asset exchange Crypto.com has just been given the green-light for “certain cryptoasset activities” in the United Kingdom, after receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday.
17.08 / 01:07
regulation
Taxes
Customers
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime dealer. The IRS filed suit to receive the order, which directs SFOX to reveal the identities of customers who are U.S. taxpayers and documents relating to their cryptocurrency transactions equivalent to at least $20,000 carried out between 2016 and 2021.
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