Regulation Financial News

09.10 / 21:41

Ripple regulation SEC FTX Court Judge sides with Ripple again, denies SEC appeal: Law Decoded

On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law or substantial grounds for differences of opinion on the matter.

09.10 / 19:07

Blockchain NFT defi hacks regulation Scams Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik

The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik.

09.10 / 14:51

regulation cryptoassets Financial Services Alternatives financial promotions FCA sends 146 alerts in first day of crypto promotion regime

'We expect businesses including social media platforms, app stores, search engines, domain name registrars and payments firms to consider the alerts we have issued and play their part in protecting UK consumers from illegal promotions.'

09.10 / 11:47

Binance regulation advertisement OKX Bitcoin Financial Binance, OKX to comply with new financial promotions rules in UK

Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom.

09.10 / 11:47

regulation Europe Google European Union Meta OpenAI EU mulls more restrictive regulations for large AI models: Report

Representatives in the European Union are reportedly negotiating a plan for additional regulations on the largest artificial intelligence (AI) systems, according to a report from Bloomberg.

09.10 / 11:47

regulation Europe European Union Ukraine rolls out AI regulation roadmap

Ukraine’s Ministry of Digital Transformation presented its regulatory roadmap for artificial intelligence (AI) on Oct. 7. The roadmap was published on the ministry’s website and states that it aims to help local companies prepare for adopting a law analogous to the European Union’s AI Act. It also seeks to educate citizens on protecting themselves from AI risks.

09.10 / 11:47

Kucoin regulation Huobi UK government Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator

The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, as it added several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.”

09.10 / 11:47

regulation FTX Court FTX Token Sam stake Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say

United States prosecutors have requested the court presiding over Sam Bankman-Fried’s trial to bar his legal team from making any arguments relating to the potential recovery of FTX customer assets invested in Anthropic.

09.10 / 08:59

regulation Agency US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets

The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets.

09.10 / 07:57

regulation UK companies HM Treasury Chancellor Jeremy Hunt UK manufacturers urge Chancellor Jeremy Hunt to scrap Autumn Statement

Chancellor Hunt is due to deliver the Autumn Statement on 22 November, to be accompanied by an Office for Budget Responsibility forecast.

09.10 / 03:39

business regulation transactions Money Transfers US consumer watchdog mulls applying e-banking laws to crypto

The top United States agency for consumer financial protection is considering applying the Electronic Fund Transfer Act (EFTA) to crypto, in an attempt to protect consumers from fraudulent crypto transfers.

09.10 / 02:50

business Government Adoption regulation corruption Bitcoin Bitcoin is a ‘super logical’ step on the tech tree: OpenAI CEO

OpenAI CEO Sam Altman has called Bitcoin (BTC) a "super logical" step on the tech tree, which is both free of government control while helping to fight corruption.

09.10 / 02:50

business regulation Fraud FTX Court Trial FTX used Python code to fake its insurance fund figure: Gary Wang

Crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund — a pool of funds meant to prevent user losses during huge liquidation events — according to testimony from FTX co-founder Gary Wang.

07.10 / 09:33

Technology Law regulation House Republicans House Republicans urge tighter export controls on advanced chips

Two senior Republican members of the United States House of Representatives on Friday, Oct. 6, urged the Biden administration to strengthen the enforcement of export controls concerning the transfer of advanced computing chips and the associated manufacturing tools to China.

06.10 / 18:39

Law regulation crimes FTX Court Sam Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang

Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research.

06.10 / 18:39

CFTC regulation lending CFTC weighs enforcement action against former Voyager Digital CEO: Report

Officials at the United States Commodity Futures Trading Commission (CFTC) are reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital.

06.10 / 15:06

regulation Banks banking Digital Asset BIS committee Basel Committee to consider disclosure requirements for banks’ crypto assets

The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.

06.10 / 14:39

Law regulation crypto law Taiwan aims for crypto law by November: Report

Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block.

06.10 / 14:39

regulation CoinShares Ledger Bitcoin CoinShares-owned Komainu secures crypto custodian registration in UK

Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has secured major regulatory approval in the United Kingdom.

06.10 / 10:53

regulation Europe European Union United Nations UNESCO and Netherlands design AI supervision project for the EU

The United Nations and the Dutch government announced plans for the creation of a framework for the ethical supervision of artificial intelligence (AI).

06.10 / 10:53

Government Stablecoin regulation Bitcoin NOT Retail stablecoin trading in Hong Kong not allowed yet, official says

As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed.

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