Regulation Financial News
03.06 / 03:17
regulation
Trading
SEC
Department Of Justice
Lawyer
OpenSea ‘insider trading’ case see NFTs labeled securities: Former SEC lawyer
Former Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to non-fungible tokens being labeled as securities.
03.06 / 00:27
regulation
Investments
Court
compliance
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official encroachment on private rights.
02.06 / 20:39
CFTC
regulation
Gemini
Bitcoin
CFTC sues Gemini claiming the crypto exchange lied in futures contract evaluation
The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations.
02.06 / 12:45
Adoption
regulation
Survey
Investors' perception of crypto is changing for the better: Economist survey
A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future.
02.06 / 12:33
Ethereum
regulation
Bitcoin
lawmakers
letter
US lawmakers
Community fires back at anti-crypto letter sent to US lawmakers
The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community criticized the move and laid out counterarguments against the contents of the letter.
01.06 / 23:31
CBDC
Adoption
regulation
Federal Reserve
Digital payment
NY Fed president urges colleagues to prepare for coming digital payment transformation
Get ready for fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation cohosted by the New York Fed and Columbia University.
01.06 / 16:01
Blockchain
cryptocurrency
regulation
Group of Tech Pros, Academics Urges Washington to Turn its Back on Crypto Lobbyists
A collective comprising 26 IT experts and professionals has slammed crypto, accusing blockchain and crypto of “not being decentralized” – and has petitioned United States politicians to crack down on the sector and its lobbyists.
01.06 / 14:19
Blockchain
regulation
Bitcoin
Crypto Lobbying
Computer scientists and academics pursue efforts to stop crypto lobbying in US
Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts.
01.06 / 13:35
business
CFTC
regulation
goldman sachs
Goldman Sachs reportedly eyes crypto derivatives markets with FTX integration
Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into FTX.US crypto derivatives offerings.
01.06 / 01:07
regulation
Bitcoin Regulation
Terraform Labs
Terra
committee
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all.
31.05 / 22:27
markets
Adoption
defi
regulation
DeFi isn’t dead, it just needs to fix these 3 critical problems
The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi.
31.05 / 22:27
regulation
Banks
Holdings
Crypto Holdings
committee
Basel Committee presses on with restrictive requirements for banks’ crypto holdings
The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end.
31.05 / 19:47
Adoption
regulation
sanctions
crypto law
Russian central bank signals agreement with crypto law revisions: Report
First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, which added that the bank was reconsidering its position on crypto mining as well. Yudaeva was quoted as saying:
31.05 / 18:45
Stablecoin
regulation
UK government
Terra Luna
Terra
Safeguards
UK government proposes additional safeguards against stablecoin failure risks
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry.
31.05 / 14:25
regulation
Indian Government
Bitcoin
consultation
India cooperates with IMF on crypto consultation paper
The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the international regulatory consensus on digital assets.
31.05 / 13:35
regulation
ICO
Terra
Agency
regulatory
South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash
The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”
31.05 / 03:07
Adoption
regulation
Tax
reform
open
Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform
The Japanese Prime Minister Fumio Kishida has indicated that he may be open to reforming the nation’s much-maligned crypto tax laws in a bid to spark Web3-related growth.
30.05 / 21:09
regulation
Latin America
South America
Paraguay paves the way for crypto regulation despite internal opposition
Paraguay is viewed by many as a potential hot spot for cryptocurrency adoption due to low electricity costs and relatively soft taxation. The government has recognized this opportunity by pushing forward new legislation around digital assets.
30.05 / 18:07
business
Binance
regulation
open
Binance gets approval to operate in Italy, will open office in Milan
One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May.
30.05 / 16:57
Government
regulation
Bitcoin
Here's how much Kazakh gov't made off crypto mining in Q1 2022
The government of Kazakhstan, one of the world’s largest countries by the Bitcoin (BTC) mining hash rate distribution, has reported budget earnings derived from cryptocurrency mining.
30.05 / 14:33
Mining
regulation
Bitcoin
Crypto miners
Gov't says crypto miners consume 2% of total electricity in Russia
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.
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