Regulation Financial News

28.01 / 07:13

Adoption regulation UK government Disgraced MP tells Parliament UK can be the 'home' of crypto

The former Secretary of State for Health and Social Care and current U.K. Member of Parliament (MP) Matt Hancock urged the House of Commons to make England the “home” of crypto.

28.01 / 05:09

regulation policies Executive executive order White House reportedly preparing executive order on crypto

Joe Biden’s White House is expected to issue an executive order in the coming weeks about actions the U.S. government will take regarding digital assets.

28.01 / 01:17

Law regulation Congress Broker House members urge US Treasury Secretary to clarify definition of broker in infrastructure law

A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of "broker."

27.01 / 12:31

regulation Fraud IRS Tax IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills

The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes.

27.01 / 05:05

regulation Central Bank Ban less likely? Putin says crypto mining has advantages in Russia

Russian president Vladmir Putin has given crypto enthusiasts a glimmer of hope for the future of digital assets in the country, which have been under threat from a recent push to ban cryptocurrencies and mining.

26.01 / 01:41

Law regulation Bitcoin IMF urges El Salvador to remove Bitcoin's status as legal tender

Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender.

25.01 / 18:08

regulation SEC CryptoMarket guidelines Thai regulators team up to issue guidelines on digital assets payments

The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) have come together to review and issue guidelines on the use of digital; assets as a payment tool.

25.01 / 15:44

regulation Bitcoin Regulation Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions

Indonesia’s financial watchdog the Otoritas Jasa Keuangan (OJK) warned financial institutions in the country against offering or facilitating crypto-asset sales.

25.01 / 14:39

Binance regulation Investing services Financial Indonesian Regulator Warns About Cryptoasset Offers, Sales by Financial Services Companies

As major crypto industry players are intensifying efforts to access the Indonesian market, the country’s regulator Financial Services Authority (OJK) has reminded market participants that financial services companies are not allowed to offer and facilitate sales of cryptoassets.

25.01 / 09:33

regulation Bithumb Withdrawals Bithumb to block crypto withdrawals to unverified private wallets

Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.

25.01 / 02:17

Blockchain Adoption regulation Chinese Local Gov’ts, Tech Firms Take Tentative Metaverse Steps

Chinese government-run firms and local governments are starting to explore metaverse-related innovations – although they are proceeding with due caution, given the fact that the nation last year enacted its most stringent crypto crackdown to date.

24.01 / 13:26

Stablecoin Mining regulation Backed Ban Crypto, but Legalize Mining and Issue Gold-backed Stablecoin, Urges Top Russian MP

Russian parliamentarians, government officials and finance chiefs remain deeply divided on the issue of crypto regulation – with a leading lawmaker indicating that crypto mining could soon be legalized, alongside a state-run, gold-backed stablecoin, while backing the idea of banning crypto trading and investment. The news comes shortly after the Central Bank’s recent proposal, suggesting a ban on crypto and token mining.

24.01 / 12:23

CBDC regulation Central Bank Bank of Korea completes first phase of digital currency pilot

The Bank of Korea has successfully completed the first phase of its central bank digital currency mock testing started in August 2021.

24.01 / 08:51

regulation Ban Bank of Russia Russian tech and political executives denounce crypto ban proposal

Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov.

21.01 / 23:15

Adoption regulation European Union Bulgaria's finance minister says country is exploring crypto payment options: report

Assen Vassilev, Bulgaria’s Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member nation is exploring options for rolling out a crypto payment mechanism.

21.01 / 17:17

Binance regulation Exchange transparency information Binance Has Been Witholding Information From Regulators, Claims Reuters

Whilst claiming that it welcomes regulatory oversight, major crypto exchange Binance was acting against those same regulators, Reuters reported today.

21.01 / 13:53

regulation Taxes Crypto taxation could deter investors, says Thai ruling party MP

Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions and Financial Market conducted a virtual meeting to discuss various aspects of crypto taxation.

21.01 / 11:43

regulation proof-of-work Bitcoin lawmakers hearing Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US

Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing on Thursday.

21.01 / 00:37

CBDC regulation Federal Reserve Fed issues discussion paper on benefits and risks of a digital dollar

The U.S. Federal Reserve is opening comments to the public after releasing a discussion paper on the pros and cons of a potential central bank digital currency.

20.01 / 20:05

Government regulation Energy Bitcoin hearing Witnesses address energy impacts of crypto mining during House hearing

Five industry experts appearing before the United States House Energy and Commerce Oversight Subcommittee had different views on how lawmakers should address the energy consumption of cryptocurrencies.

20.01 / 17:37

cryptocurrency regulation Ban Russian Central Bank Proposes Crypto Use and Mining Ban

The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.

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