Regulation Financial News

20.06 / 20:42

regulation education economy Bitcoin Market crash play Why the crypto market crash may play in Bitcoin's favour

Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency.

20.06 / 13:19

business Adoption regulation analyst Crypto lending can still survive bear market, analyst says

The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts.

18.06 / 00:53

business Stablecoin regulation coinbase class action Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.

18.06 / 00:53

Stablecoin regulation Federal Reserve Reserve Stablecoins highlight 'structural fragilities' of crypto — Federal Reserve

The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market.

17.06 / 22:37

regulation Trading SEC accounting Senators Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging the withdrawal of a staff accounting bulletin, referred to as SAB 121, issued by the agency March 31. According to the senators, the bulletin amounts to “regulation disguised as staff guidance” and does not adhere to the Administrative Procedure Act.

17.06 / 19:39

Adoption regulation banking Kazakhstan Develops New Program to Team Up Crypto Exchanges with Banks

As countries across the world intensify efforts to attract crypto industry players, the authorities of Kazakhstan have launched a pilot program to encourage selected local banks to partner with licensed crypto exchanges.

17.06 / 16:09

business regulation Asia Withdrawals Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.

17.06 / 13:25

regulation Central Bank Bitcoin Russian Central Bank Ready to Make Crypto Regulation Concessions, Hints Governor

Russia’s Central Bank chief Elvira Nabiullina has stated that she is prepared to allow the nation to do business in crypto – as long as it does not enter the Russian financial system and is only used in international settlements. But the country’s finance ministry, which favors legalization and regulation, is hopeful of reaching a compromise with the bank.

17.06 / 12:47

regulation Aave Investment Celsius Reportedly Unlikely to Get Bailout Money from Investors

As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News.

17.06 / 00:21

ETF regulation SEC Bitcoin Spot ETFs Support regulatory Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet.

16.06 / 22:15

regulation investigation Texas Texas securities regulator investigates Celsius over withdrawal suspension: Report

The Texas State Securities Board has reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals.

16.06 / 16:11

Adoption regulation Bitcoin Cross-border Bank of Russia backs cross-border crypto payments vs. domestic trade

Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones.

16.06 / 15:35

regulation Huobi Huobi to permanently shut crypto operations in Thailand

Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC).

16.06 / 14:53

regulation Investing Central Bank digital euro Use of Digital Euro as Form of Investment Can be Prevented - ECB Official

The European Central Bank (ECB), the central bank of the European Union, is advancing discussions on the digital euro project, but decision-makers argue that is possible to fit the central bank digital currency (CBDC) with effective tools that would prevent it from being used as a form of investment - rather, it would only be used as a means of payment, according to Fabio Panetta, Member of the Executive Board of the ECB.

16.06 / 13:59

business Binance regulation open Kazakhstan to let crypto exchanges open bank accounts

In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a pilot project for crypto exchanges in the special economic zone of Astana International Finance Centre.

16.06 / 06:41

regulation Upbit Korean exchanges agree on emergency system in case of Terra-style collapse

Korea's leading exchanges have agreed to form a new emergency system that will spring into action within 24 hours should another Terra-style collapse threaten to come to pass.

16.06 / 00:09

Adoption regulation legislation GAO us house US House Ways and Means chairman asks the GAO to check out crypto in retirement plans

Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401(k), are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns have arisen over crypto’s volatility and limited oversight.

15.06 / 23:39

regulation European Union ECB Euro digital euro Executive ECB may cap digital euro at 1.5T tokens — Executive board member

Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment.

15.06 / 22:33

CBDC Adoption regulation Cybersecurity Atlantic Council looks at how to maintain central bank digital currency cybersecurity

The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to central bank digital currencies (CBDC). The authors provide a generalized discussion of CBDC security, but with a clear focus on the United States and issues specific to it.

15.06 / 16:47

business Adoption regulation Deal Russian bank Sber to complete its first digital currency deal

Russian banking giant Sber — formerly known as Sberbank — is preparing to soon complete its first digital currency deal involving the bank’s proprietary digital asset platform.

15.06 / 15:53

regulation Tokens Ban Bill to ban digital assets as payment passed the first reading in the Russian parliament

A bill that had been introduced a week ago to the State Duma, the lower chamber of Russian Parliament, made a swift passing through first reading. Should it become a law, it would prohibit using “digital financial actives” (DFA) to pay for goods or services.

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