Regulation Financial News

24.11 / 14:45

Stablecoin defi regulation South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators

The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders.

24.11 / 06:53

regulation Taxes Mixed messages on crypto tax rules create confusion in South Korea

South Korean government officials have created confusion this year with conflicting announcements regarding a possible repeal or amendment of the upcoming crypto tax set to come into effect in 2022.

23.11 / 21:27

Government regulation Federal Reserve regulatory Fed conducted 'policy sprints' around crypto assets to address regulatory clarity

The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the country following rapid analyses between government agencies.

23.11 / 20:50

Government regulation Indian Indian parliament's agenda for winter session includes bill on banning 'private cryptocurrencies'

The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country.

23.11 / 17:43

Stablecoin regulation ECB Framework ECB Publishes New Oversight Framework, Set to Include Stablecoins

The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European Union’s forthcoming regulations on crypto assets, including stablecoins, and international standards for global stablecoins, the bank said.

23.11 / 13:21

Ripple XRP regulation SEC Ripple Makes 'Good Progress' in Legal Row With SEC, Says Brad Garlinghouse

US blockchain company Rippleis making “good progress” in its efforts to resolve its legal conflict with the US Securities and Exchange Commission (SEC), hoping to end the row in 2022, according to the chief executive.

23.11 / 04:19

regulation exchanges Bithumb South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit

The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU).

22.11 / 22:21

Stablecoin CBDC regulation World Economic Forum businesses WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders

The World Economic Forum, or WEF, has published a resource suite aimed at informing lawmakers and individuals in the private sector about digital assets including central bank digital currencies and stablecoins.

22.11 / 19:33

regulation Federal Reserve President Biden picks Jerome Powell to be next Fed chair

President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors.

22.11 / 18:37

Adoption regulation Russian Senate Finance Chief Says Crypto ‘Probably Has a Future’

Russia’s upper house, the Federation Council, is monitoring crypto – but a key politician claims that tokens may “have a future.”

22.11 / 12:49

regulation Taxes Bitcoin Crypto can erode tax base, Russia's tax boss says

The Russian Federal Taxation Service (FNS) is actively monitoring the cryptocurrency market to prevent tax evasion, FNS head Daniil Egorov said.

21.11 / 20:33

business Blockchain regulation copyrights Just buy it: Nike wants to bring sneakerheads into the Metaverse

Look at your feet. A lot of you (raises hand) are wearing Nikes right now. For the fiscal year ending May 31, 2021, Nike reported its revenue was up 19% to $44.5 billion for the year. But that’s here. What about in the Metaverse?

19.11 / 23:49

regulation partnership week Manchester City officials sign and suspend partnership with mysterious crypto firm within a week

English Premier League football club Manchester City has suspended a partnership with a startup crypto firm after seemingly not doing its due diligence prior to signing.

19.11 / 22:23

Adoption regulation Central Bank NOT A US Fed Governor Argues That Stablecoins Scaling Fast is Not a Concern

There is no reason to worry about fast-growing stablecoins if “sufficient competition” exists both within the industry and outside of it, a governor of the US Federal Reserve suggested in a speech this week.

19.11 / 22:21

regulation Congress Is US politics divisive enough to make crypto a partisan issue?

As the perceived legitimacy of blockchain technology increases, politicians in the U.S. have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness.

19.11 / 18:57

regulation inflation Bitcoin Inflationary winds from around the world spell a sea change for Bitcoin

Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm.

19.11 / 14:13

cryptocurrency regulation Hillary Clinton Argues Crypto Could Destabilize Nations, Currencies

Former US Secretary of State and Democratic presidential candidate Hillary Clinton has joined the ranks of political leaders who seem worried about cryptocurrencies’ potential impact on nations - claiming they had the power to destabilize nations and their currencies.

19.11 / 07:47

Robinhood regulation coinbase Bitcoin Regulation Robinhood exec says proposal for a single digital asset regulator is stupid

Robinhood’s chief legal officer Dan Gallagher described the idea of creating a new digital asset regulator was “just plain silly” at a conference on Nov. 17.

19.11 / 00:53

Government regulation Taxes lawmakers US lawmakers US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law

A bipartisan group of United States lawmakers has introduced legislation to change the tax reporting requirements that will go into effect due to the recently signed infrastructure bill.

18.11 / 18:49

NFT regulation Non-fungible tokens Legal NFTs Still Face Legal Challenges, But More Clarity Expected Soon

Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed.

18.11 / 18:39

regulation transactions Central Bank Bank of Russia plans to take fees for CBDC transactions: Report

The Russian central bank continues to disclose more details about its upcoming digital currency and is now reportedly planning to take commissions for the digital ruble transactions.

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