Regulation Financial News

11.04 / 19:07

VISA regulation MasterCard American Express Mastercard files 15 metaverse and NFT related trademarks

Payments giant Mastercard has filed 15 nonfungible token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office, or USPTO.

11.04 / 17:03

Binance regulation coinbase Gemini Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon

The US-based crypto exchange Coinbase came in with the top score in CryptoCompare’s latest Exchange Benchmark Report, with a strong team and compliance with regulations making the exchange stand out among its peers. Meanwhile, further industry consolidation is expected, with the possibility of “an oligopoly” forming.

11.04 / 14:11

regulation Paxos United States Crypto Lobbyists Making Inroads at State Level – Report

Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.

11.04 / 11:09

Payments regulation coinbase Support regulatory Coinbase Halts India's UPI Support After Regulatory Uncertainty

Major crypto exchange Coinbase has halted support for the Unified Payments Interface (UPI), India's payment system, following a statement by the country watchdog that claimed it was not aware of "any crypto exchange using UPI."

11.04 / 06:05

business regulation coinbase Suspends services Coinbase suspends crypto payment services days after India launch

The largest US-based crypto exchange Coinbase has stopped payment services through United Payments Interface (UPI) on its platform for Indian users just three days after its launch in the South Asian subcontinent.

10.04 / 13:45

business Binance regulation Binance receives in-principle approval to operate in Abu Dhabi

Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.

09.04 / 00:29

Adoption regulation Central Bank ECB digital euro Executive ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become a necessity,” but warned that “they should not become a source of financial disruption that could impair the transmission of monetary policy in the euro area.”

08.04 / 23:11

Law regulation UK crypto Number of UK crypto firms operating under FCA temporary registration status drops

The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five.

08.04 / 03:03

cryptocurrency Mining regulation Bitcoin Russian Trade Ministry Wants Bitcoin Miners to Use Domestic Hardware

The Russian Ministry of Industry and Trade has stated that it wants to create a legal system that would oblige Bitcoin (BTC) and crypto miners operating in the country to prioritize domestically produced mining hardware and apps – and buy from Russian providers when possible.

08.04 / 00:27

Adoption regulation Banks Insurance The FDIC wants US banks to report on current and intended crypto-related activities

The Federal Deposit Insurance Corporation, the United States government corporation that insures depositors at U.S. commercial and savings banks, issued a financial institution letter Thursday. The letter requests the institutions supervised by the agency to notify the appropriate regional director of their activities with crypto-related assets or their intentions to engage in crypto-related activities.

08.04 / 00:23

Government regulation Former US Senator and House member joins Crypto Council for Innovation

Cory Gardner, who served as a United States senator for Colorado from 2015 to 2021, has joined the Crypto Council for Innovation, a crypto advocacy group aimed at establishing dialogues with governments and regulatory agencies on the benefits of digital assets.

07.04 / 22:51

business Adoption regulation Bitcoin Samson Mow introduces new nation-state adoption for crypto in Bitcoin 2022

Speaking at the Bitcoin 2022 conference in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that would be adopting or proposing to adopt Bitcoin (BTC) as legal tender. As told by Mow, the first is that of the Caribbean island Roatán, which is part of Honduras. Honduras Prospera Inc. is the organizer and promoter of the jurisdiction. The entity's president, Joel Bomgar, told the audience:

07.04 / 06:39

regulation ASIC services Commonwealth Bank's plans to expand crypto services to 6.5M delayed by red tape

Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. In an Australian first, the bank aims to grant all of its 6.5 million users access to cryptocurrency services.

07.04 / 04:05

business Blockchain regulation Gemini, Chainalysis and 11 others join Crypto Market Integrity Coalition

The Crypto Market Integrity Coalition, an organization founded two months ago by 17 cryptocurrency exchanges, firms and industry associations worldwide, announced 13 new members have joined.

07.04 / 02:37

Altcoins regulation privacy security More Problems Building up for Iris-Scanning Crypto Firm Worldcoin

The eyeball-scanning crypto startup Worldcoin has been hit with another setback – with a report alleging user anger with the company, and some accusing its architects of being “thieves.”

06.04 / 22:33

Government regulation SEC President Biden is preparing to announce picks for SEC commissioners: Report

United States President Joe Biden is reportedly planning to nominate two commissioners to the Securities and Exchange Commission with different political party affiliations.

06.04 / 16:21

business Binance regulation valuation Binance.US completes $200M seed round to hit $4.5B valuation

Binance.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures.

06.04 / 06:17

regulation Bitcoin Industry Bitcoin Future Scaramucci sees bright future for crypto but 'very worried' about US politicians

Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.

06.04 / 00:13

regulation us sanctions US sanctions Russia's largest darknet market and crypto exchange Garantex

The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex.

06.04 / 00:13

regulation Europe European Union Euro digital euro consultation European Commission opens new consultation on digital euro

The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro.

05.04 / 22:31

regulation Central Bank Bitcoin Georgian central bank prepares legislation to regulate the crypto market

Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.

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