Regulation Financial News

04.07 / 21:33

Government Law regulation restrictions Financial Singapore's financial watchdog considers further restrictions on crypto

The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers.

04.07 / 09:23

regulation Conference policies Haters to unite at the first conference for crypto skeptics

In the middle of crypto’s latest bear market, industry and asset class detractors have rallied together to share their skepticism and network with lawmakers at their own anti-crypto conference.

02.07 / 08:39

cryptocurrency regulation Bitcoin Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn

Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year.

01.07 / 20:39

cryptocurrency regulation privacy Exchange Anti-money laundering Global Anti-Money Laundering Watchdog Presses Countries, Crypto Exchanges to Implement Key Requirement Faster

The Financial Action Task Force (FATF) is intensifying its pressure on virtual asset service providers (VASPs) and countries to accelerate the implementation of its rules on digital assets, as only a quarter of responding jurisdictions are currently making efforts to pass legislation to implement the organization’s key requirement, indicates the organization’s recent report.

01.07 / 17:07

business defi regulation Bitcoin Self-custody is key during extreme market conditions: Here's what experts say

The ongoing crisis of cryptocurrency lending and the associated crypto market decline once again confirms the importance of self-custody or the "true ownership" of crypto by its holder, according to several industry experts.

01.07 / 12:17

cryptocurrency Stablecoin regulation 'More Work to Be Done' as EU Imposes Strict New Crypto Regulations

After the EU has reached an agreement on cryptoasset regulation that sets out strict rules for all actors in the crypto market, the crypto industry reminds itself that there's still "more work to be done."

01.07 / 00:09

regulation Congress Women lawmakers US lawmakers US lawmakers say crypto industry has a 'tech bro' problem hurting innovation

According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines.

01.07 / 00:01

regulation crimes Cryptoqueen 'Cryptoqueen' Ruja Ignatova makes FBI's Ten Most Wanted list

“Crypto” is often used as an honorific inside the community. United States Securities and Exchange Commission member Hester Peirce is called Crypto Mom for her steadfast support for digital assets, and Time magazine crowned Vitalik Buterin the Prince of Crypto. When Ruja Ignatova was given the title “Cryptoqueen” in a 2019 true-crime podcast, however, it was with far less endearment.

30.06 / 19:53

regulation Reserve Bank of India Reserve Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing:

30.06 / 19:15

Law regulation FATF Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, or AML.

30.06 / 18:21

Blockchain regulation committee Basel Committee wants to limit banks' digital asset exposure to just 1% of equity

On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital.

30.06 / 18:11

cryptocurrency regulation Central Bank Bitcoin committee Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal

After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”

30.06 / 15:19

business regulation Venture Capital information Singapore reprimands 3AC for providing false information

The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.

30.06 / 13:57

business regulation Europe coinbase expansion Coinbase seeking aggressive European expansion amid crypto winter

Coinbase is expanding its operations into various countries in Europe amid a "crypto winter." Despite laying off numerous employees and rescinding job offers, Coinbase's vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.

30.06 / 13:57

business Binance regulation Binance to assist Cambodia in developing crypto regulations

Crypto exchange Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement.

30.06 / 13:21

regulation Europe privacy EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation

The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement by the European Union.

30.06 / 13:17

Mining regulation Russian central bank exec is OK with crypto mining under one condition

Kirill Pronin, head of Russian Central Bank (CBR)’s Department of financial technologies, acknowledged the possibility of crypto mining legalization under certain conditions. A public acknowledgment like this makes a rare case, as the CBR continues to lead the battle against the efforts to legalize crypto in the country.

30.06 / 04:27

regulation SEC Grayscale Bitcoin Bitcoin spot ETF spot ETF BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection

Grayscale has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission.

30.06 / 01:17

regulation Europe European Union AML EU officials reach agreement on AML authority for supervising crypto firms

The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs.

29.06 / 22:47

regulation Investments Bitcoin Price NYDIG study calculates the value of regulation worldwide in terms of BTC price gains

The need for regulation is a common theme in discussions about cryptocurrency, and the claim is often taken to be self-evident. Now, financial services company New York Digital Investment Group (NYDIG) has done some number crunching to prove the point. In a new study, NYDIG quantifies the effect of regulation on the price of Bitcoin (BTC) worldwide.

29.06 / 15:55

business regulation Sky News Bitcoin British Virgin Islands court reportedly orders to liquidate 3AC

Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.

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