Regulation Financial News

16.12 / 12:38

regulation IMF Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official

A key figure at the International Monetary Fund (IMF) has conceded that regulating crypto will need nothing short of a concerted global effort – and a worldwide agreement on crypto that most would argue seems far from achieving any time soon.

16.12 / 03:21

Government Law regulation Mark Warner Senators Broker Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law by President Joe Biden around the tax reporting requirements on crypto.

15.12 / 20:21

cryptocurrency regulation PwC Tax Looking for a Country with Clearest Crypto Tax Policies? Check This List

The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found.

15.12 / 12:47

cryptocurrency regulation New Delhi Ready to Back Down on Crypto Regulation, Claims Anonymous Gov’t Source

It’s a case of another day, another twist in the seemingly endless saga of India’s crypto legislation. And this time the protagonists in the saga, the nameless sources leaking information to the domestic press, are claiming that the cabinet is not on the verge of doing anything with crypto after all – and that government wants more time to formulate its plans.

14.12 / 23:09

cryptocurrency regulation Trading Survey Crypto Trades Expected to Become Reportable by Platforms In 3 Years - Survey

Cryptoasset trades are expected to be subject to official reporting requirements as soon as within three years, with the United States likely being the first country to introduce such regulations on trading platforms, a new survey conducted by business analytics firm IHS Markit in October this year has found.

14.12 / 17:41

regulation FATF AML Bitcoin Cyprus’ finance ministry recommends ‘capacity building’ for crypto

Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto.

14.12 / 13:17

cryptocurrency regulation Central Bank Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status

The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.

13.12 / 23:55

regulation SEC Sec Chair regulatory SEC chair's regulatory agenda fails to include clarity on crypto, says Hester Peirce

Hester Peirce, a commissioner for the United States Securities and Exchange Commission known by many in the space as Crypto Mom, is pushing back against the regulatory body’s agenda for not including clarification on digital assets.

11.12 / 03:05

cryptocurrency regulation Legal Power freeze Russian Intelligence Service Wants More Power to Seize Crypto, Freeze Wallets

Russia’s answer to the American FBI, the Investigative Committee of Russia, has called upon the government to grant it the power to seize crypto and freeze wallets.

11.12 / 00:22

regulation Central Bank Framework Financial South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report

Unathi Kamlana, the commissioner of South Africa’s Financial Sector Conduct Authority has reportedly said the government’s rollout of a crypto framework would be aimed at mitigating any potential risks.

10.12 / 19:45

regulation Democracy Indian Indian PM calls for cryptocurrencies to 'empower' democracy at global summit

Cryptocurrency made an appearance at a global online summit for world leaders in a speech from Indian Prime Minister Narendra Modi.

10.12 / 16:03

Blockchain cryptocurrency regulation IMF National NOT Crypto Regulation Should Be Global, Not National - IMF Directors

The rapid growth of crypto assets, associated products and services, and the interlinkages with the regulated financial system are intensifying the need for global crypto regulation that should be comprehensive, consistent and coordinated by the world’s regulators, according to a recent paper released by the International Monetary Fund (IMF).

10.12 / 13:53

defi regulation coinbase Coinbase Offers DeFi Yield Product To Users In 70 Countries

In a bid to make decentralized finance (DeFi) more accessible to its customers, major US crypto exchange Coinbase says it is enabling users in 70 countries to buy a DeFi yield product using their DAI crypto holdings.

10.12 / 13:25

CBDC Adoption regulation Ruble Russia prioritizes CBDC ruble as overall crypto outlook seems positive

After the Chinese authorities introduced a complete ban on cryptocurrency transactions in September by equating them to illegal financial activity, local cryptocurrency miners either dropped off the radar or moved to other countries in order to continue with their business.

10.12 / 12:03

cryptocurrency Mining regulation India's Bollywood-Worthy Twists & Turns as Gov't Set to Make Key Crypto Decisions

India’s protracted struggle with crypto-related legislation has taken yet another confusing turn, while a range of options appears to be on the table for a key meeting to be held today – with the crypto-skeptic Prime Minister Narendra Modi set to make a decisive call in the next few hours.

09.12 / 14:55

Binance regulation coinbase Coinbase users launch online refund campaign following GYEN troubles

Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer's accounts.

09.12 / 13:01

business regulation Bitcoin Indian Indian CoinDCX crypto exchange to go global in 2022, says exec

Ongoing uncertainty around cryptocurrency regulation in India isn't stopping domestic crypto companies from launching global offerings.

09.12 / 06:01

Adoption regulation DLT Reserve Australian Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits

The Reserve Bank of Australia (RBA) published a report into its two-year research project into wholesale central bank digital currencies (CBDCs) that emphasized the benefits of digitizing and autonomizing manual, paper-based banking processes using distributed ledger technology (DLT).

08.12 / 23:27

Facebook Government regulation hearing Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem

Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space.

08.12 / 23:05

cryptocurrency regulation Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’

The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector.

08.12 / 18:57

Government regulation Congress hearing regulatory Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets

The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto.

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