Regulation Financial News
17.03 / 07:35
regulation
SEC
Congress
Senate
Democrat division over crypto isn’t all bad news for regulation
The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.
17.03 / 00:59
regulation
privacy
Blockchain Association policy head: US shouldn't compete with China's CBDC using surveillance tools
Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central bank digital currency, or CBDC.
16.03 / 19:33
Government
Law
regulation
Framework
regulatory
Ukraine's president signs law establishing regulatory framework for crypto
Volodymyr Zelenskyy, the President of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market.
16.03 / 16:29
Blockchain
regulation
privacy
Bitcoin
Bitcoin Transactions
Samourai Wallet Defends Need for CoinJoin While Wasabi Already Moved to Bar Some Bitcoin Transactions
Samourai Wallet, a mobile software wallet for Bitcoin (BTC), has defended the need for CoinJoins, insisting that they are not the same as coin mixers, but rather that they provide users with "basic financial privacy" that is not offered by public blockchains.
16.03 / 00:19
Government
regulation
Federal Reserve
vice chair
Biden's pick for Fed vice chair for supervision withdraws amid Republican objections
Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.
15.03 / 17:59
Government
Law
regulation
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier today that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regulator, and another 51 entities’ operations “were terminated.” The enforcement operation targeted illegal mining operations that compromised the nation’s energy network. The Agency called for developing a clear regulatory approach to crypto mining in its release.
15.03 / 16:53
defi
regulation
UK government
Mixers
NCA wants regulation for coin mixers, but the crypto industry is already one step ahead
United Kingdom's national crime agency (NCA) seeks to regulate the crypto coin mixers under the country's laws against money laundering.
15.03 / 16:07
Crime
regulation
wallet
Bitcoin
Agency
UK Crime Agency Calls For Crypto Mixing Regulation Amid Clampdown On Criminals
The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection.
15.03 / 14:37
regulation
ATM
Bitcoin
Financial
UK financial watchdog seeks crypto talent amid new crackdown
The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry.
15.03 / 07:43
regulation
sanctions
Blockchain forensics firm finds millions in sanctioned crypto wallet
Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations.
15.03 / 07:05
business
Binance
regulation
Middle east
Binance awarded Bahrain crypto service provider license
Crypto exchange Binance will provide fully regulated services to its first country in the Middle East thanks to a license granted by Bahrain’s central bank.
14.03 / 15:05
regulation
Taxes
Bitcoin
NOT
Tax expert says buying crypto is not a taxable event
While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer.
14.03 / 09:25
regulation
Europe
European Union
policies
Environmental sustainability key sticking point in EU MiCA bill
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
12.03 / 01:03
NFT
regulation
security
KYC
Yuga Labs faces user backlash for under wraps KYC-restricted project
Yuga Labs, creator of Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain game publisher Animoca Brands on Twitter on Thursday. The catch is that no details about the project have been revealed yet, and users who signed up for it via a know-your-customer, or KYC, verification process have expressed their concerns on social media.
11.03 / 08:49
Adoption
regulation
Investments
us government
US Labor Dept warns of crypto risks in retirement plans
The US Department of Labor (DOL) has told 401(k) investors to "exercise extreme care" when dealing with cryptocurrencies and other digital assets citing fraud, theft, and financial loss as “significant risks”.
10.03 / 23:09
Government
regulation
lawmakers
Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy
Nine Republican senators have backed legislation aimed at directing policy at U.S. government agencies around concerns China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.
10.03 / 16:11
regulation
Social Media
community
Executive
executive order
Crypto Community is Divided on Biden’s Crypto Executive Order
American crypto traders and investors are likely to face a new raft of regulations after the United Stated President Joe Biden issued an Executive Order entitled: “Ensuring Responsible Development of Digital Assets.” The document seeks to create a framework of stricter and – some argue – more coherent regulations for the crypto sector.
10.03 / 14:25
Blockchain
regulation
European Union
Romanian central bank approves blockchain firm Elrond to buy Twispay
The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform.
10.03 / 12:31
Blockchain
Stablecoin
regulation
Tether
NOT
CBDCs will not impact private stablecoin market, says Tether CTO
Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.
10.03 / 11:49
cryptocurrency
regulation
How South Korea’s Next President Might Change Crypto, Economy & Politics in East Asia
The main opposition People’s Power Party candidate Yoon Suk-yeol has won the race to become South Korea’s next President. Crypto policy was a key battleground in his victory – by less than a single percentage point – over his centrist rival from the ruling Democratic Party.
10.03 / 10:25
Adoption
regulation
Bitcoin
surges
Crypto-friendly Yoon Suk-yeol wins Sth Korean presidency, ICX surges 60%
Conservative South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president.
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