Regulation Financial News

07.03 / 13:57

Adoption regulation Banks interview Seba Bank Clear regulations will accelerate crypto adoption, says SEBA Bank exec

With crypto being in the sights of many regulators, many have wondered if regulation is good or bad for crypto. However, Christian Borel, Senior Executive Officer at SEBA Bank, says that if the laws are clear, it may push crypto adoption forward.

04.03 / 18:54

Blockchain regulation Bitcoin Crypto offers Russia no way out from Western sanctions

With the concerns of Janet Yellen and Hillary Clinton notwithstanding, there isn’t enough cryptocurrency in the world to bail out Russia from the economic hole which it now finds itself to be settling into. Even if there were a large enough supply, it probably wouldn’t enable the state to escape the scourge of a Western embargo.

04.03 / 07:43

Mining regulation Bitcoin Support New York Bitcoin mining moratorium bill garners more support

A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members.

04.03 / 01:03

regulation Tether Bitcoin The city of Lugano will accept Bitcoin, Tether and LVGA token as 'de facto' legal tender

Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as ‘de facto’ legal tender as part of a partnership with Tether.

03.03 / 20:11

Law regulation UK government Financial UK financial watchdog is investigating 50 unauthorized crypto firms

The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses.

03.03 / 16:35

regulation Donations Ukraine cancels token airdrop, reveals new NFT plans

The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead.

03.03 / 13:57

NFT regulation SEC US Regulator Launches Probe Into NFT Sales

The US Securities and Exchange Commission (SEC) is applying additional scrutiny to creators of non-fungible tokens (NFTs) and NFT marketplaces to find out if some of the assets are sold in violation of the agency’s rules on securities offerings.

03.03 / 10:23

NFT regulation Bank of China Tencent files for patent related to virtual concerts in Metaverse

Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA) according to business data-tracker Qichacha. The application comes as Chinese companies race to secure Metaverse trademarks.

03.03 / 05:17

regulation SEC Fraud investigation reports SEC investigating NFT market over potential securities violations: Reports

The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg.

02.03 / 17:11

cryptocurrency regulation Advertising UK ad UK Advertising Watchdog Bans Floki Inu London Ad Campaign

The UK advertising watchdog Advertising Standards Authority (ASA) has decided to ban an advertising campaign launched by floki inu (FLK), a memecoin named after Tesla and SpaceX founder Elon Musk’s Shiba Inu dog. The move follows earlier calls by local politicians to ban ads featuring unregulated financial products displayed by Transport for London (TfL).

02.03 / 13:29

Adoption regulation Cybersecurity committee Aussie advisory committee lists key factors for easing crypto adoption

Cyber Security Industry Advisory Committee, the Australian cybersecurity advisor, highlights various crypto-related opportunities for the government to undertake as it prepares for the global mainstreaming of cryptocurrencies.

02.03 / 06:27

Blockchain regulation Experts reject concerns Russia will use crypto to bypass sanctions: 'Totally unfounded'

Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.”

01.03 / 13:27

business regulation Taxes South Korean crypto market grows to $45.9B in 2021 despite strict regulations

South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.

01.03 / 13:05

Ethereum NFT defi regulation Top Trends at ETHDenver 2022: DAOs, DAOs, Regulation, DeFi, and DAOs

ETHDenver 2022 has come and gone. Ethereum (ETH)’s annual developer conference took to Denver’s Sports Castle to showcase the latest upcoming projects in the ETH ecosystem and to enable community members to network with each other (and spread coronavirus).

01.03 / 05:13

regulation Terrorism Counter Terrorism Financing Israeli authorities seize Hamas linked crypto accounts

A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities.

01.03 / 01:55

regulation US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government

The Treasury Department and reportedly the White House are warning U.S.-based companies and individuals not to facilitate crypto transactions sent to certain Russian nationals and banks.

28.02 / 09:01

business NFT regulation National South Korea to invest $187M in national Metaverse

South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.

25.02 / 09:15

regulation BitMEX Money laundering Arthur Hayes BitMEX founders plead guilty to Bank Secrecy Act violations

The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).

25.02 / 03:13

Government defi regulation lawmakers A project to fund effective policy advocacy and educate lawmakers about the positive potential of Web 3.0

While many marvel at the growth cryptocurrency and Web 3.0 communities are experiencing, they fail to consider the opposing side of the coin (or, dare one say, token). Traditionally, new technologies have continued to follow a cycle in which they rise to the world's attention and its legislators, only to have bad actors abuse their power and consequently have the need for reform arise. Although oversight has proven to offer many benefits, such as instilling confidence in institutional investors, the opposite can be true if the right voices aren't being represented.

24.02 / 10:17

regulation Banks trudeau Trudeau revokes emergencies act powers but the case for crypto grows

Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8 million from 210 bank accounts connected to Canadian ‘Freedom Convoy’ protestors, according to CBC news.

24.02 / 01:05

regulation Europe European Union AML 2024 EU members reportedly plan for AML watchdog to oversee crypto firms by 2024

The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms.

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