Regulation Financial News

30.10 / 09:49

regulation Bitcoin Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

30.10 / 00:47

Adoption NFT Payments regulation UK government UK risks regulating NFTs the wrong way, says Mintable CEO

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.

29.10 / 08:35

Law Ripple XRP regulation SEC Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments

Ripple’s chief executive officer(CEO), Brad Garlinghouse, strongly criticized former Securities Exchange Commission(SEC) Chairman Jay Clayton’s remarks regarding the SEC’s regulatory approach. Beginning in the first quarter of 2023, the SEC has initiated various regulatory actions against crypto exchanges and companies.

28.10 / 09:57

Ripple XRP regulation SEC LBRY Ripple exec and XRP community back SEC commissioner’s LBRY lawsuit dissent

Stuart Alderoty, the chief legal officer of Ripple Labs, as well as members of the XRP (XRP) community, have expressed their support on X (formerly Twitter) for United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce’s stance against perceived “injustice” in the LBRY lawsuit.

27.10 / 23:05

Government regulation SEC LBRY Hester Peirce speaks out against LBRY enforcement action: 'The market could have decided'

Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY.

27.10 / 20:43

regulation Gemini Fraud Winklevoss Twins Digital Currency Group Bankruptcy Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the Gemini Earn Program. That collateral is currently worth close to $1.6 billion.

27.10 / 20:43

business regulation Kraken Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada

Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November, according to multiple customer emails shared with Cointelegraph.

27.10 / 20:00

regulation FTX Court Trial Lawyer questions Sam Bankman-Fried on his political donations at trial

Sam “SBF” Bankman-Fried’s defense attorney Mark Cohen heard testimony from the former FTX CEO on his relationship with Caroline Ellison and political donations from the crypto exchange.

27.10 / 17:49

regulation Fraud FTX Court Trial Sam Bankman-Fried denies defrauding FTX users at trial

The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried listened to the former FTX CEO’s testimony for the first time, which involved largely denying knowledge of fraudulent activities at the crypto exchange.

27.10 / 17:49

Stablecoin CBDC regulation Federal Reserve Bank of England Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, vice chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference where his English colleague Sir Jon Cunliffe made his last speech as deputy governor of the Bank of England (BOE).

27.10 / 15:37

Law regulation FTX Court Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’

Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO before a jury for the first time as they prepared to rest their case.

27.10 / 10:41

Ethereum Provident regulation Platform Bill guidelines Taiwan introduces crypto bill to parliament

On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for customers and “properly supervise” the industry.

27.10 / 10:41

CBDC regulation 2024 Turkey plans to craft crypto framework in 2024

The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024.

27.10 / 08:31

regulation UK financial conduct authority NatWest Coutts regulatory FCA continues review into NatWest after 'potential regulatory breaches' identified over Coutts incident

The report found Coutts failed to pay due regard to the interests of Farage and 'failed to treat him fairly', which 'might also amount to a regulatory breach, but is a matter for the relevant regulator to decide'.

27.10 / 03:25

regulation crimes FTX Court Trial Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present.

27.10 / 03:25

Law regulation crimes FTX Court Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors, who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research.

27.10 / 03:25

regulation crimes FTX Court Trial Prosecutors rest their case as Sam Bankman-Fried prepares to testify

Attorneys representing the United States Justice Department rested their case against Sam “SBF” Bankman-Fried after more than three weeks of expert witnesses and testimonies from former FTX and Alameda employees.

27.10 / 03:25

Binance regulation Tether Congress Terrorism Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether

Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel.

26.10 / 17:39

regulation SEC Scams crypto market “We Obtained Judgments Worth $5 Billion” Gary Gensler Recounts Achievements Amid Backlash

The head of the Securities and Exchange Commission (SEC) Gary Gensler disclosed a summary of the agency’s performance in its quest to promote a more transparent market.

26.10 / 14:41

Law regulation crimes Bitcoin UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.

26.10 / 13:27

Technology Law regulation Google copyrights Court How Google’s AI legal protections can change art and copyright protections

Google has been facing a wave of litigation recently as the implications of generative artificial intelligence (AI) on copyright and privacy rights become clearer.

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