Regulation Financial News
09.08 / 13:13
CBDC
regulation
Reserve
The Reserve Bank of Australia to explore use cases for CBDC
The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project.
09.08 / 00:07
Blockchain
Technology
regulation
Circle freezes blacklisted Tornado Cash smart contract addresses
According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the USD Coin stablecoin (USDC), froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or dApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain.
08.08 / 23:53
regulation
sanctions
Tornado Cash
reports
Tornado Cash co-founder reports being kicked off Github as industry reacts to sanctions
Roman Semenov, one of the co-founders of Tornado Cash, has reported his account suspended at developer platform GitHub following the United States Treasury Department's to sanction the privacy protocol.
08.08 / 19:39
business
Blockchain
regulation
Indian
Support
Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers
As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between the two exchanges.
08.08 / 18:41
Government
regulation
Cybercrime
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the Office of Foreign Asset Control, or OFAC.
08.08 / 14:51
08.08 / 09:45
regulation
Crypto.com
regulatory
KBW 2022: Crypto.com hits key regulatory milestone in South Korea
Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration.
05.08 / 20:01
regulation
Indian Government
Indian
freeze
Indian authorities freeze $8.1M in WazirX funds as part of AML investigation
India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.
05.08 / 18:47
Government
regulation
inclusion
lawmakers
US lawmakers
US lawmakers request crypto firms provide info on diversity and inclusion
A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3.
05.08 / 17:43
business
regulation
coinbase
lawsuits
Coinbase hit with 2 fresh lawsuits amid SEC probe
Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms.
05.08 / 12:35
CBDC
Adoption
regulation
retail CBDC
end
The Bank of Thailand to pilot Retail CBDC by the end of 2022
On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aimed at retail to a pilot phase. A possible real-life application of the "Retail CBDC" will be conducted inside the private sector on a limited scale.
05.08 / 11:25
regulation
crimes
Bitcoin
Extradition
Alexander Vinnik reportedly en route to the US after extradition
Accused BTC-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange.
05.08 / 06:41
Digital
regulation
SEC
Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom.
04.08 / 23:35
regulation
Taxes
policies
lawmaker
Backed
Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit
The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives.
04.08 / 19:49
Adoption
regulation
Venture Capital
Cointelegraph Consulting
Building the blockchain industry despite market drops and regulation threats
“The cryptocurrency market is the only truly free market that exists in the financial universe,” said Dan Tapiero, CEO of 10T Holdings, during a recent video discussion with Cointelegraph Research.
04.08 / 17:39
CBDC
Adoption
regulation
UK parliamentary group calls for submissions in new crypto asset inquiry
The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate.
04.08 / 14:21
business
Binance
regulation
NOT
Philippine SEC cautions the public not to invest with Binance
The Philippine Securities and Exchanges Commission (SEC) cautioned the public not to invest in the crypto exchange Binance in their response to policy think tank Infrawatch PH’s attempts to woo the SEC to take action against the exchange.
04.08 / 14:21
Adoption
regulation
Taxes
Japan may see a reduced 20% tax on crypto earnings with new proposal
The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings.
04.08 / 13:39
Blockchain
regulation
legislation
Senator Warren proposes reducing Wall Street's involvement in crypto
The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to a Bloomberg report on Thursday.
04.08 / 05:43
regulation
Cybersecurity
Winnipeg police get provincial funding to beef blockchain forensics unit
Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government.
04.08 / 04:07
regulation
Police
Bitcoin
Power
Victorian police to get 'greater power' to seize crypto assets from criminals
Victorian Police in Australia will soon be granted new powers to seize cryptocurrency and digital assets from criminals, as well as compel platforms to hand over information about suspects.
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