Regulation Financial News

15.06 / 14:31

Crime regulation SEC Safeguards US SEC Launches Probe into Insider Trading Safeguards of Crypto Exchanges - Report

The US Securities and Exchange Commission (SEC) has reportedly launched a string of inquiries into the activities of numerous crypto exchanges, striving to determine whether the businesses have adequate safeguards in place to prevent insider trading.

15.06 / 12:45

regulation Department Of Justice safe NOT audit Seized crypto safe with US Marshals Service? Not so much, new audit reveals

The Office of the Inspector General (OIG) for the United States Department of Justice conducted an extensive audit of the cryptocurrencies seized by the U.S. Marshals Service (USMS) — revealing the dire need for the federal agency to revamp its existing crypto management and policy systems.

15.06 / 09:17

regulation Court Private Keys Brazilian proposal would make crypto payments legal and protect private keys

A proposed addition to an existing Brazilian law would grant Brazilians the right to use cryptocurrency as a means of payment while protecting their private keys from being taken by the courts.

15.06 / 04:35

CFTC regulation SEC SEC reportedly launches investigation into insider trading on exchanges

The Securities and Exchange Commission (SEC) has reportedly launched a probe to discover how crypto exchanges are working to prevent insider trading.

15.06 / 03:59

cryptocurrency regulation Exchange Terra regulatory New South Korean Regulatory Chief Promises More ‘Fairness’ for Crypto Investors

The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory body led those vowing to implement changes, calling for the creation of a system that provides investors with more “fairness.”

14.06 / 23:51

Law regulation lending Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering

The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after allegedly offering and selling unregistered securities.

14.06 / 21:03

Law regulation Europe European Union EU commissioner reiterates need for 'regulating all crypto-assets'

Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is moving forward with discussion on regulating cryptocurrencies amid three major events in the space.

14.06 / 18:47

regulation Investments SEC Sec Chair Returns SEC chair warns about 'too good to be true' returns amid market downturn

Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms.

14.06 / 09:11

Mining regulation New York State Bitcoin NYC Mayor Eric Adams speaks out against PoW mining ban legislation

New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years.

14.06 / 03:11

regulation Latin America Legal Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation

Brazilian federal judges have been receiving training on crypto-related matters – in an attempt to prepare the judiciary for an increase in crypto-related court cases.

13.06 / 22:15

Binance regulation Bitcoin Regulation Terra Law Decoded, June 7–13: Lummis-Gillibrand bill is finally here

One can hardly name a document more long-hoped-for as the crypto bill, co-sponsored by United States Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, was for the crypto community. And, it’s finally here. Last week, Lummis and Gillibrand introduced a 69-page bill in the U.S. Senate. What’s inside? The projects of study on the environmental impact of digital assets and advisory committee on innovation, a tax structure, a mandate for analysis of the use of digital assets in retirement savings and much more.

13.06 / 16:34

Binance regulation Terra Binance.US faces class-action lawsuit over LUNA and UST sale

Binance.US, the sister company of global cryptocurrency exchange Binance, is facing a class-action lawsuit from investors for the sale of LUNA and TerraUSD (UST).

13.06 / 11:57

regulation Legal Tax Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act

The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs Act last year are “unconstitutional.”

11.06 / 05:11

Adoption regulation ICO Financial Savings Bank Heavyweight OK Financial Group Reveals Cryptoasset Launch Plans

South Korea’s OK Financial Group – one of the nation’s biggest moneylenders and savings banking services providers – has unveiled plans to create a cryptoasset. The company will become one of a growing cohort of firms that are hoping to launch tokens, and this appears to indicate that the days of the nationwide ban on initial coin offerings (ICOs) may be numbered.

10.06 / 21:27

business Government Blockchain regulation CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency program

The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Binance founder and CEO Changpeng Zhao (CZ) was on hand in the Pacific Island nation for the unveiling of the NFTs and to meet with Palauan President Surangel S. Whipps, Jr.

10.06 / 11:27

regulation Investments Bitcoin Regulation place Yellen doubts crypto’s place in 401(k), says Congress could regulate

The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress.

10.06 / 11:05

regulation SEC Legal Terra SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’

American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin's operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC).

10.06 / 05:51

Mining regulation New York State Bitcoin isolate Bitcoin miners say NY ban will be ineffective and 'isolate' the state

Two Bitcoin miners have told Cointelegraph that if the bill banning Proof-of-Work mining for two years in New York becomes law, it would end up triggering an exodus of mining companies from the state and do little to address the intended goals of the moratorium.

09.06 / 23:47

regulation SEC Terra Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September

The United States Court of Appeals for the Second Circuit on Thursday rejected Terraform Labs CEO Do Kwon’s dispute of a subpoena by the Securities and Exchange Commission (SEC). The federal agency was seeking documents and testimony in connection with its investigation of whether Terra used the Mirror Protocol to sell unregistered securities.

09.06 / 13:15

defi regulation Terra Usd Terraform Labs Terra Legal troubles mount for Terraform Labs as Seoul police investigative

Terraform Labs, the parent company behind the collapsed Terra ecosystem, is currently under multiple investigations from the South Korean authorities.

09.06 / 03:31

regulation Exchange South Korean Crypto Exchanges Prepared to Self-regulate, Says Ruling Party

South Korea’s ruling political party – the People’s Power Party – has stated that the nation’s leading crypto exchanges have created plans that could see them form a self-regulating body that could be empowered to take cross-platform decisions on matters such as delisting and the suspension of transactions.

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