Regulation Financial News

28.09 / 11:31

regulation financial conduct authority financial promotions FCA urges firms offering high-risk investments to retail investors to review promotion practices

The FCA said it expects firms offering RMMIs to retail clients to consider these examples and any changes they need to make to their practices to meet its expectations and improve consumer outcomes.

28.09 / 11:17

event Blockchain Adoption regulation Event Recap Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amsterdam.

28.09 / 09:11

CBDC Adoption regulation Brazil’s crypto surge prompts central bank to tighten regulation

The governor of Banco Central do Brasil, Brazil’s central bank, said the bank has noted a significant surge in crypto adoption in the country and intends to react by tightening the digital assets regulation.

28.09 / 09:11

business regulation Court Bankruptcy Celsius valuation Celsius valuation advisor approves value of debtors’ assets and liabilities

Joel E. Cohen, a mathematician and biologist representing Celsius Network’s valuation advisor Stout Risius Ross, LLC, confirmed the accuracy of the fair value of certain of the debtors’ assets and liabilities as of May 31, 2023.

28.09 / 05:45

Binance regulation Europe Euro Binance urges users to convert Euros to USDT after Paysafe debank

Crypto exchange Binance has urged users to convert their Euros into Tether (USDT) before the end of October, after losing the support of its banking partner.

28.09 / 05:33

business regulation SEC coinbase us government Congress Winter Olympics 5 lowlights of Gary Gensler's evasive testimony before Congress

Blamed for “kneecapping” the U.S. capital markets and slammed for dodging questions around Bitcoin and Pokemon cards, Gary Gensler appears to have had one hell of a grilling from Congress this week.

28.09 / 01:33

Law regulation SEC LUNC Terra Extradition Do Kwon says SEC's extradition request is impossible

Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the collapse of the Terra Money ecosystem.

27.09 / 22:42

regulation SEC Congress hearing guidance SEC's Gensler taken to task over crypto custody guidance again in House hearing

Gary Gensler, chairman of the United States Securities and Exchange Commission, told the House Financial Services Committee hearing on Sept. 27 that he enjoys testifying before the committee. He had well over four hours of that pleasure that day, much of which was devoted to criticism of his agency’s policies and actions.

27.09 / 22:41

Mining CFTC regulation Fraud Ponzi scheme Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to Ponzi scheme perpetrated by the IcomTech company. Ochoa was CEO of IcomTech from its founding in 2018 to 2019.

27.09 / 22:41

Ethereum ETF regulation Investments SEC 21Shares spot Ether ETF Ether ETF SEC pushes deadlines for ARK 21Shares, VanEck spot Ether ETF applications

The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether (ETH) exchange-traded fund applications from ARK 21Shares and VanEck.

27.09 / 20:33

business regulation SEC NOT SEC’s Gensler is loyal to banks, not an impartial regulator — Rep. Tom Emmer

United States Representative Tom Emmer spoke out against Securities and Exchange Commission Chair Gary Gensler during a hearing at the House Financial Services Committee on Sept. 27. According to the lawmaker, Gensler has been loyal to Wall Street “at the clear expense of innovation, competition, and everyday Americans.”

27.09 / 18:03

regulation crimes FTX Court Fried Sam Sam Bankman-Fried will likely appear in a suit and tie at trial

A federal judge has granted a motion from the legal team for Sam Bankman-Fried (SBF) allowing the former FTX CEO to wear business attire during his first criminal trial.

27.09 / 16:19

regulation financial conduct authority FCA Alternatives private markets valuations open FCA to open review of private markets valuations - reports

The moves comes as regulators have expressed anguish that higher debt financing costs and easy money being withdrawn could lead to a crisis in the private markets.

27.09 / 16:01

Blockchain CBDC Adoption regulation Central Bank BIS CBDC frameworks must guard user privacy, monetary freedom — BIS chief

Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to the head of the Bank of International Settlements.

27.09 / 16:01

Binance regulation community Bitcoin CommEX Binance successor in Russia: Everything you need to know about CommEx, so far

Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia.

27.09 / 16:01

Government regulation FTX us house committee US House committee leadership threatens to subpoena SEC over FTX docs

Rep. Patrick McHenry, who chairs the United States House Financial Services Committee, has suggested that he may try to subpoena the Securities and Exchange Commission (SEC) over documents related to former FTX CEO Sam Bankman-Fried, or SBF.

27.09 / 16:01

Blockchain regulation Fraud Bitcoin Regulation Bitcoin Hong Kong police recover $11M worth of assets in JPEX case: Report

The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud.

27.09 / 12:17

regulation Bitcoin Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move

Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions.

27.09 / 10:35

Binance regulation Binance still struggling to find banking partner in France: Report

After losing its euro banking partner, Paysafe, Binance France has proposed that its customers immediately convert all the fiat money they hold on the exchange into crypto, according to comments from an executive to local media.

27.09 / 10:27

regulation ESG SDR Quilter Investors' Marisol Hernandez: Trusting ESG ratings data to fix a problematic system

Marisol Hernandez (pictured), head of responsible investment at Quilter Investors

27.09 / 10:27

UPS regulation economy show services Financial regulatory Financial services regulatory pressure grows with ESG rules the main culprit

The industry is «facing regulatory scrutiny around greenwashing, new and more demanding disclosure requirements, and increasing expectations from supervisors», KPMG said.

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