Regulation Financial News

31.10 / 13:23

business Blockchain regulation Fraud FTX Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.

31.10 / 13:23

Stablecoin Adoption regulation Tether Usd Coin Terra TrueUSD From payments to DeFi: A closer look at the evolving stablecoin ecosystem

The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape.

31.10 / 13:23

regulation Web3 Bitcoin Crypto startup Bastion secures money transmitter licenses in US

Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.

31.10 / 12:45

regulation MICA Spain Moves to Adopt MiCA Six Months Before Deadline, Cites Investor Protection: Here’s More

Spain has unveiled plans to reduce the transition period before the application of the Markets in Crypto Assets (MiCA) regulation.

31.10 / 10:05

regulation SEC shares Bitcoin valkyrie asset manager Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

Digital asset manager Valkyrie Investments is the latest firm to amend the spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States securities regulators.

31.10 / 10:05

business Blockchain regulation TradFi TradFi goes crypto: Finance giant brings decades of experience to new crypto exchange

The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades.

31.10 / 09:38

CBDC Adoption regulation Africa end Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local media on Oct.30:

31.10 / 08:25

regulation Europe European Union MICA Spain to implement MiCA six months ahead of July 2026 deadline

The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into force on a national level in December 2025.

31.10 / 06:13

Adoption regulation SEC Bitcoin Bitcoin Price bitcoin etfs Are Bitcoin ETFs headed for one epic Gensler ‘rugpull?’ Analysts weigh in

There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts.

31.10 / 04:01

defi regulation SEC Terraform Labs Terra Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

Terraform Labs co-founder Do Kwon has requested a United States district judge to reject the securities and fraud suit from the federal securities regulator, claiming it has failed to prove they did anything wrong.

30.10 / 20:43

Ethereum Adoption ETF regulation solana Bitcoin Weekly Crypto funds see largest weekly inflows in more than a year: CoinShares

Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. Inflows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week.

30.10 / 20:43

Binance regulation Tether FTX ATM SBF claims innocence, contradicts other witnesses: Law Decoded

Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed.

30.10 / 19:29

Stablecoin regulation Fraud Terraform Labs Terra Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

The trial of payment platform developer Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, and seven others got underway in Seoul Southern District Court in South Korea on Oct. 30, according to local news reports. Shin is accused of defrauding investors. Also at issue was whether or not Luna is a security.

30.10 / 15:07

regulation privacy us government executive order ai safety Biden administration issues executive order for new AI safety standards

United States President Joe Biden issued an executive order on Oct. 30 establishing new standards for artificial intelligence (AI) safety and security.

30.10 / 13:13

regulation Financial Services Retail investors FSCS FCA scraps plans to exclude retail LTAF from FSCS cover

FSCS cover provides compensation of up to £85,000 in the event that a regulated firm goes out of business.

30.10 / 12:03

Stablecoin regulation UK publishes plans for stablecoins regulation

The United Kingdom government presented an update on its plans to regulate fiat-backed stablecoins. The document, published on Oct. 30, aims to facilitate and regulate the use of fiat-backed stablecoins in U.K. payment chains.

30.10 / 11:33

regulation Bitcoin Singapore plans joint crypto pilots with Japan, Switzerland and UK

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.

30.10 / 09:49

ETF regulation SEC Bitcoin Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler

Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019.

30.10 / 09:49

business Hackers hacks regulation Research phishing DAO Attack 3 unique ways hackers are stealing your crypto: Bitrace Report

To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully.

30.10 / 09:49

regulation IRS Kraken Taxes Kraken will share data of 42,000 users with IRS

United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November.

30.10 / 09:49

regulation Investments stocks Bitcoin acquires Thailand’s KBank acquires crypto exchange business Satang

Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto business Satang.

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