Regulation Financial News

15.11 / 19:43

regulation Bitcoin What can Eric Adams do? The limits of turning New York City into a crypto hub

Despite his actual term at the helm of the New York City government kicking off some 1.5 months from now, Eric Adams, the city’s mayor-elect, has already started governing by publicity. Making the Empire City more business and tech-friendly is a centerpiece of Adams’ vocally projected agenda, and — much to the crypto community’s delight — the incoming mayor has made a point to repeatedly declare his support for all things Bitcoin (BTC).

15.11 / 12:55

Adoption regulation UK ad Floki Inu’s London Ad Campaign Draws Green Party Politician’s Ire

A massive advertising campaign in London launched by Floki Inu (FLK), a memecoin named after Tesla chief Elon Musk’s Shiba Inu dog, has pushed some local politicians to demand a ban on ads featuring unregulated financial products displayed by Transport for London (TfL).

12.11 / 16:45

Stablecoin regulation Altcoin Circle USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly doesn’t frighten the CEO of the USDC-issuer Circle.

12.11 / 13:03

defi regulation SEC privacy DeFi Industry Must Tackle Lack Of Transparency, Pseudonymity: SEC Commissioner

US Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw identified two specific structural problems that the decentralized finance (DeFi) industry needs to address: a lack of transparency and pseudonymity.

11.11 / 19:33

Government regulation Congress hearing committee US Congress plans 'demystifying crypto' committee hearing for Nov. 17

The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto.

11.11 / 18:05

Blockchain regulation Trading Scams Rug Pull How to spot a rug pull in DeFi, 6 tips by Cointelegraph

In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams.

11.11 / 13:05

regulation Central Bank Bitcoin tracking Customer Nigerian banks tracking customer accounts for crypto trading

In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading.

11.11 / 04:09

regulation banking 'Sinister' debanking of crypto traders is often anti-competitive says Senator Bragg

Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said.

10.11 / 17:13

business regulation Bitcoin Block.one’s Bullish exchange wins license from Gibraltar regulators

Block.one, the developer of the EOS.IO protocol — the blockchain network of the EOS cryptocurrency — continues progressing with its cryptocurrency exchange subsidiary known as Bullish.

10.11 / 15:55

Adoption regulation Bitcoin Spanish banks required to report 3-year digital currency plans

Digital currency plans by Spanish banks must now be reported according to sources at the Banco de España, who claimed that the central bank wants to examine the effect that digitalization is having on financial services.

10.11 / 12:27

business regulation Bitcoin exit services Huobi to halt services in Singapore after China exit

Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.

10.11 / 06:15

defi regulation SEC SEC Commissioner: DeFi must address transparency and pseudonymity

SEC Commissioner Caroline Crenshaw has highlighted the benefits of Decentralized Finance while warning of the dangers of failing to embrace a protective regulatory framework in a Nov. 9 opinion piece.

10.11 / 00:37

CBDC regulation Bank of England UK treasury UK Treasury and central bank will consult on CBDC, potentially launching by 2030

The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022.

09.11 / 17:45

Ethereum Forecast Adoption regulation Activate Expects NFTs to Go Mainstream by 2022

Activate Consulting, a management consulting firm for technology and entertainment industries, anticipates non-fungible tokens (NFTs) to become mainstream by 2022, claiming that every technology and media company will need to adopt this innovation.

09.11 / 14:53

business regulation Central Bank Ruble Russia to change laws for digital ruble, while central bank mulls 2022 prototype

On Tuesday, Elvira Nabiullina, governor of Russia’s central bank, said that the country will have a prototype of its digital rouble platform ready by early 2022 and will roll it out for trial use next year before making a final decision on whether or not to release its own digital currency, according to a Reuters report.

09.11 / 00:55

Government regulation sanctions US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list

The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network for allegedly facilitating transactions for ransomware actors.

08.11 / 16:27

Ethereum regulation Decentralization Bitcoin debate The Ethereum Premine Debate On Fairness, Regulation, and Centralization

You may not be aware of this, but back in July 2014, Ethereum (ETH) had a premine in which around ETH 60m (worth around USD 272bn now) tokens were sold for a total of USD 18.3m, while 12m was kept aside for early contributors and the Ethereum Foundation. At ETH 72m, this total accounts for around 63.7% of Ethereum’s current total supply, raising the specter of centralization, particularly as the platform transitions to a proof-of-stake (PoS) consensus mechanism.

08.11 / 12:36

NFT regulation Non-fungible tokens S Korean Regulator Says NFTs Aren’t Cryptoassets – and (Probably) Won’t Tax Them

South Korea’s top financial regulator says that non-fungible tokens (NFTs) are not cryptoassets – and will likely exclude them from capital gains taxation.

05.11 / 11:17

cryptocurrency regulation Bitcoin ‘Pernicious’ Reporting Clause Irks US Crypto Industry as House Votes on Infra Bill

US Congress could finally approve or reject the much-maligned Infrastructure Bill today after the draft law was finally slated for a vote.

05.11 / 08:43

NFT regulation NOT Korea's FSC confirms that NFTs will not be regulated

The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated.

05.11 / 07:13

defi regulation taxation 8-word crypto amendment in Infrastructure Bill an ‘affront to the rule of law’

Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset transactions a criminal offense.

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