Regulation Financial News

08.12 / 12:57

cryptocurrency regulation Bitcoin CIA Running a ‘Number of’ Active Crypto Projects, Director Claims

The Central Intelligence Agency (CIA) Director William Burns has admitted that his agency has “a number of different projects focused on cryptocurrency” in progress – and claimed that his predecessor Gina Haspel had “started” the CIA ball rolling in the crypto sphere. What is more, the agency is feeding its crypto “information” to “other parts” of the American government, Burns said.

08.12 / 06:39

regulation Central Bank NOT Central bank tells Thai banks not to offer crypto trading

The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets.

08.12 / 01:24

Government regulation CIA Agency CIA director says agency currently has 'a number of different projects' focused on crypto

Current director of the Central Intelligence Agency William Burns said his predecessor at the government agency initiated projects focused on gathering intelligence on cryptocurrency.

07.12 / 17:01

Stablecoin regulation wallet Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022

Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.

07.12 / 16:15

Stablecoin Adoption regulation Russia’s largest bank struggles to register its digital asset platform

Sber, Russia’s largest bank, is apparently struggling to obtain a regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.

07.12 / 15:43

regulation Central Bank Prison Time Crypto Violators May Face Prison Time Under India’s New Proposal - Report

The Indian government is reportedly considering appointing a new regulator specifically to oversee the cryptocurrency space, while also saying those who violate regulations could face fines of up to USD 2.7m or 1.5 years in prison.

07.12 / 12:05

Government Blockchain regulation Gibraltar's government plans to bridge the gap between public and private sectors with blockchain

The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on its systems.

06.12 / 17:27

defi regulation Decentralization Financial Services BIS Sees 'Important Role' for DeFi, Pushes for Increased Regulation

A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about potential financial instability.

06.12 / 14:53

business regulation Banks Deal Indian Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal

Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, as per a report published in Economic Times.

06.12 / 08:33

Law regulation Trading Singapore suspends Bitget exchange license over K-Pop coin promotion

Singapore-headquartered digital asset platform, Bitget, has reportedly been suspended by the Monetary Authority of Singapore after getting into a dispute with an agency for the popular K-Pop boy band BTS.

06.12 / 06:17

Binance regulation UK government regulatory Binance plans to become registered UK firm despite regulatory setbacks

Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year.

04.12 / 04:29

Ethereum regulation Bitcoin Chinese Crypto Mining Crackdown Turns Focus to PC Rooms and ‘Home Miners’

Having effectively eliminated its industrial crypto mining sector, China is now going after the small fry: internet café and PC gaming room operators – and even those mining on rigs and cards at home – as Beijing moves to squash the mining industry once and for all.

04.12 / 00:57

Government regulation SEC lawmaker US lawmaker urges congressional action on crypto as government avoids shutdown

Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide sufficient guidance on cryptocurrencies.

04.12 / 00:13

regulation Upbit exchanges KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected

The South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures.

03.12 / 19:55

business Law regulation US infrastructure law could brace up digital assets — but first some fixes

Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America's leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to excise the troubling digital-asset language, and, in November, the infrastructure bill was signed into law.

03.12 / 14:41

cryptocurrency regulation Bitcoin Indian NOT Indian Crypto Bill To Regulate, Not Ban 'Private Cryptocurrencies' - Report

As India’s authorities are advancing their work on new crypto-related legislation, a document released by the Indian government indicates that private cryptocurrencies will be regulated rather than banned, contrary to earlier suggestions.

03.12 / 05:23

CBDC regulation Bitcoin Regulation Cabinet note suggests India will regulate, rather than ban, crypto

According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector.

03.12 / 03:27

Mining regulation Latin America Bitcoin debate Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’

Paraguay is inching closer to legalizing Bitcoin (BTC) and crypto mining – and potentially opening up its huge hydroelectric power capacity to industrial miners – with more senators lending their support to a key proposal.

02.12 / 13:47

Facebook regulation Metaverse ad NOT No, Facebook Has Not Reversed Its Crypto Ad Ban

Meta, the parent company of social media giants Facebook and Instagram, has recently updated its eligibility criteria for running crypto ads, adding a total of 24 more regulatory licenses to its list of accepted licenses.

01.12 / 14:55

NFT regulation AML China’s central bank proposes to monitor metaverse and NFTs

China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFTs), an executive at the People’s Bank of China (PBoC) recently implied.

01.12 / 04:29

ETF regulation Grayscale Bitcoin Spot ETFs NOT Grayscale tells SEC 'no basis' to approve Bitcoin futures ETFs and not spot ETFs

Grayscale Investments has fired back a the U.S. Securities and Exchange Commission (SEC) over the recent rejection of VanEck’s spot Bitcoin ETF application.

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