Regulation Financial News

17.10 / 10:43

Law regulation UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income

British citizens who hope to access legal assistance through the proposed “Help with Fees” (HwF) scheme will not have cryptocurrency holdings classified as disposable income.

17.10 / 10:43

Stablecoin NFT defi regulation Bank of Canada Canada central bank assesses innovations and challenges of DeFi

The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made it popular and the challenges and risks associated with its use.

17.10 / 08:13

regulation Financial Services Wealth managers financial conduct authority London Stock Exchange Mansion House Stock exchanges FCA's Rathi pushes for radical overhaul of stock exchange rules

The proposed rules come following the new secondary objective of the FCA “to support international competitiveness and growth over the medium to long term”.

17.10 / 05:21

business Law NFT regulation Court Opensea NOT ‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.

17.10 / 04:51

Law Mining regulation Ban Pennsylvania crypto mining permit halt cut from bill after union pressure

A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.

17.10 / 04:51

business Law regulation FTX Court Bankruptcy 2024 Customers FTX customers could get $9B shortfall claim payout by mid-2024

Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.

16.10 / 21:59

regulation NYC mayor releases plans for responsible AI usage in local government

The administration of New York City Mayor Eric Adams released a plan for the adoption and regulation of artificial intelligence (AI) within the local government, along with a new integration into city applications.

16.10 / 21:35

Law regulation crimes FTX Court Former FTX engineering director faces up to 75 years in prison following guilty plea

Nishad Singh, the former engineering director at now-defunct crypto exchange FTX, has reportedly said he “hopes for no jail time” as part of an agreement with prosecutors.

16.10 / 21:01

Law regulation SEC Court Terra Usd Terra Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena

A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.

16.10 / 21:01

regulation SEC Europe IRS European Union Court The explosive revelations of Caroline Ellison: Law Decoded

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

16.10 / 19:31

regulation SEC Financial SEC chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’

United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.”

16.10 / 18:43

regulation SEC Cybersecurity security Digital Asset 2024 SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide

The United States Securities and Exchange Commission released its 2024 examination priorities report on Oct. 16. The agency’s Division of Examinations has been publishing similar reports for over a decade to let its registrants know the emerging risks it will be focusing on. Crypto dealer-brokers, among others, have been given notice.

16.10 / 16:27

regulation Investments crimes FTX Court Nishad Singh testifies on Sam Bankman-Fried's 'excessive' investments through Alameda

Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.

16.10 / 11:21

Blockchain CBDC regulation open Australia open to idea of CBDC as future of money — RBA

The Reserve Bank of Australia (RBA) is open to using a central bank digital currency (CBDC) as the future of money, where state-issued digital money would represent a tokenized form of central bank reserves.

16.10 / 11:21

Adoption regulation Scams European Union Banks banking Customers Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

16.10 / 09:18

regulation Federal Reserve Bitcoin Regulation Silk Road Bitcoin US government among largest Bitcoin hodlers with over $5B in BTC: Report

The United States government has become one of the largest Bitcoin (BTC) holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.

16.10 / 05:46

business Adoption regulation Australian Australian Crypto Australian crypto exchanges look to new licensing regime with cautious optimism

Australian crypto exchanges have praised plans from the Australian Treasury to regulate cryptocurrency exchanges under pre-existing financial services licensing measures.

16.10 / 04:47

Provident Binance Digital regulation Platform reports Financial Australia's Government Calls for Digital Asset Platforms to Abide by Existing Financial Regulations

The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds.

16.10 / 01:19

business regulation Upbit exchanges Central Bank South Korean exchange Upbit gets initial license nod from Singapore

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.

15.10 / 23:47

business Adoption regulation NOT Australian Australian Treasury proposes to regulate crypto exchanges, not tokens

The Australian federal government is charging forward with plans to regulate the digital asset sector at the exchange level, and may soon require cryptocurrency exchanges to hold a financial services license issued by the local financial regulator.

15.10 / 17:11

defi regulation Uniswap Money laundering KYC KYC hook for Uniswap v4 stirs community controversy

A new hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade on a pool.

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