Regulation Financial News

12.10 / 22:03

Binance regulation FTX Court Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison

According to former Alameda Research CEO Caroline Ellison, a single tweet from Binance CEO Changpeng “CZ” Zhao contributed to the failure of cryptocurrency exchange FTX.

12.10 / 22:03

regulation SEC Congress legislation committee NOT House committee chairman threatens SEC chair with subpoena, but not over crypto

James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. He wrote in the letter dated Oct. 12, that the committee will have “no choice” but to use compulsory measures to obtain documents if the SEC does not start cooperating with it.

12.10 / 19:17

CBDC regulation Yuan park China opens industrial park for digital yuan CBDC development in Shenzhen

China opened an industrial park dedicated to developing the digital yuan ecosystem on Oct. 11, according to Chinese press reports. This is the first such park dedicated to the central bank digital currency (CBDC), which is also referred to as the e-CNY.

12.10 / 18:06

Hackers hacks regulation FTX Bitcoin Sam FTX hacker moves $120M amid Sam Bankman-Fried trial: Report

Anonymous hackers of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the trial of FTX founder Sam Bankman-Fried gets underway.

12.10 / 18:05

CFTC regulation lending CFTC announces lawsuit against Voyager Digital and former CEO

The United States Commodity Futures Trading Commission (CFTC) has filed a complaint against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital.

12.10 / 18:05

Binance regulation Fraud FTX Court Trial Sam Leak Sam Bankman-Fried blamed Binance for balance sheet leak to media: Court evidence

Evidence presented in court as a part of the ongoing criminal trial against Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, reveals SBF believed Binance leaked an Alameda balance sheet to the media in 2022.

12.10 / 15:41

regulation UK Financial Services Asset management Wealth managers Treasury financial conduct authority FCA to consult on amending regimes for alternative fund managers and retail funds

There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

12.10 / 15:41

regulation UK companies Financial Services Wealth managers Unit trusts/OEICs Woodford investors to vote in single class as scheme of arrangement vote delayed

The scheme meeting and vote has been delayed to 13 December 2023.

12.10 / 13:27

regulation Financial Services industry Barclays Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein

Jes Staley, former CEO of Barclays

12.10 / 12:19

business Blockchain Binance regulation Circle Binance Coin Circle admitted by judge as amicus curiae in SEC vs Binance lawsuit: Report

A senior judge in the Columbian district court has reportedly signed multiple orders to clear pending motions in the ongoing lawsuit filed by the United States Securities and Exchange Commission against the crypto exchange Binance ahead of the crucial hearing.

12.10 / 11:09

Law regulation FTX Court Bankruptcy Bitcoin settlement Court approves Genesis settlement of $175M to FTX, expunges billions in claims

A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC.

12.10 / 09:15

business hacks regulation Scams Fraud FTX Trial whistleblower Lost Alameda Research lost $190M to scams and ‘questionable’ blockchains: Whistleblower

FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm.

12.10 / 09:15

regulation SEC DAO BarnBridge BarnBridge DAO votes to comply with SEC order

The decentralized autonomous organization (DAO) behind the decentralized protocol BarnBridge has conducted its voting on how to react to the United States Securities Exchange Commission’s (SEC) potential demands.

11.10 / 21:55

regulation IRS Taxes US lawmakers US lawmakers urge IRS to implement crypto tax reporting requirements before 2026

Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.

11.10 / 20:37

defi regulation Europe ESMA EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy

The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption.

11.10 / 19:57

regulation banking Digital Asset Hata receives in-principle approval to be fifth Malaysian digital exchange

The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.

11.10 / 17:53

Law regulation crimes FTX Court Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX

Testifying on the sixth day of Sam “SBF” Bankman-Fried’s criminal trial in New York, former Alameda Research CEO Caroline Ellison admitted to providing fudged numbers for review by Genesis.

11.10 / 17:53

regulation Investments FTX Court Sam Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison

Former Alameda Research CEO Caroline Ellison claimed in court that Sam “SBF” Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS.

11.10 / 14:02

UPS Provident ETF regulation gossips 2020 FCA censures London Capital & Finance over mini-bond promotion

The FCA opted for a censure, arguing it was inappropriate to impose a financial penalty on an insolvent firm.

11.10 / 13:29

regulation FTX reputation compliance Rebuilding Reputation: Crypto Industry Seeks Legal and Compliance Experts

The cryptocurrency industry has been grappling with major challenges, including the collapse of FTX, fraud allegations, and the fall of some other high-profile companies.

11.10 / 12:39

business Blockchain hacks regulation Bitfinex Bitcoin Price Buyback iFinex proposes $150M share buyback from Bitfinex hack affected users: Report

Bitfinex's parent company iFinex has proposed to buy back $150 million worth of the company’s shares from users who were offered these shares as part of compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, reported Bloomberg.

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