Regulation Financial News

22.09 / 01:15

business Law Binance regulation Court Binance and CEO Chanpgeng Zhao asks court to dismiss SEC suit

Binance CEO Changpeng "CZ" Zhao have filed a petition requesting that the lawsuit made against him and his cryptocurrency exchange by the United States Securities and Exchange Commission (SEC) be dismissed.

21.09 / 20:35

regulation crimes FTX Court Fried Sam Judge grants DoJ motions barring testimony of Sam Bankman-Fried's witnesses

A federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of 7 witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.

21.09 / 20:27

regulation crimes FTX Court Fried Sam Judges deny Sam Bankman-Fried's appeal for early release

A three-judge panel from the United States Court of Appeals for the Second Circuit has denied a motion for early release for former FTX CEO Sam Bankman-Fried, or SBF.

21.09 / 19:31

regulation marketing advertisement UK government compliance UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance

The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has again expressed its concern over the lack of engagement on the part of crypto firms that will soon be subject to new marketing rules. The consequences of noncompliance could be severe, it warned.

21.09 / 18:17

Binance regulation FCA Investigations Former FCA Chair Reveals Pressure to Approve Crypto Firms Facing U.S. Investigations

The UK's financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA).

21.09 / 16:25

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe, citing MiCA compliance

An executive at cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

21.09 / 15:03

Stablecoin Binance regulation Europe European Union MICA compliance Binance plans to delist stablecoins in Europe citing MiCA compliance

An executive at the cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024.

21.09 / 15:03

Government Law Adoption regulation SEC Federal Reserve Redefining Money: America’s digital currency dilemma

On Wednesday, Sept. 20, the United States House Financial Services Committee marked up two bills to curb the issuance of a central bank digital currency (CBDC). One of the bills would stop the Federal Reserve from running any test programs on CBDCs without congressional approval, while the other would stop federal banks from using CBDCs for some services and products.

21.09 / 15:03

Blockchain regulation Investments Bitcoin eToro secures crypto registration in Cyprus to expand in EU

Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide after securing new regulatory approval in Europe.

21.09 / 08:21

CBDC regulation Congress US Anti-CBDC bill moves a step closer to passing

The CBDC Anti-Surveillance State Act, aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee.

21.09 / 07:47

regulation SEC ESG Unit trusts/OEICs Asset Managers greenwashing Labelling US SEC unveils ESG labelling rules for mutual funds

The amendment has updated the ‘names rule’ under the Investment Company Act to ensure the name of a fund 'adequately and accurately represents the investment strategy of the fund'.

21.09 / 02:35

business regulation Kraken ASIC Australian Australian regulator sues Kraken provider over margin trading product

The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the provider of the Kraken crypto exchange in Australia, for failing to comply with design and distribution obligations for one of its trading products.

20.09 / 21:59

CBDC regulation Europe European Union Euro International Financial International financial group finds gaps in digital euro legislative package

The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill middling marks.

20.09 / 20:23

CBDC regulation legislation US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’

Debate in the United States House Financial Services Committee during the markup of the CBDC Anti-Surveillance State Act on Sept. 20 occasionally wandered beyond strictly financial and technical issues. Star Wars and anarchists were mentioned in the discussion at various points, as were crypto bros.

20.09 / 17:11

Government regulation privacy security Metaverse Encryption Signal hints at leaving UK market following passage of online safety bill

A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law.

20.09 / 12:37

regulation Bill Brazil Debates Bill To Protect Debtors’ Digital Assets

Brazilian lawmakers make moves to include cryptocurrencies in the list of debtors-protected assets on behalf of creditors following their recognition as tradable property.

20.09 / 12:05

business Binance regulation SEC Binance CEO refutes report on $250M loan to BAM Management

Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250-million loan from BAM Management, a firm that acts as Binance.US’ holding company.

20.09 / 09:25

regulation SEC International Philippines SEC Collaborates With International Organizations to Strengthen Crypto Enforcement Efforts

The Philippines Securities and Exchange Commission (SEC) seeks to establish a joint regulatory framework around digital assets and to crack down on bad actors who engage in illicit crypto transactions.

20.09 / 08:41

regulation Investments Bitcoin Agency Tax Agency Crypto makes up 70% of South Korea's reported overseas assets: Tax agency

Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization.

20.09 / 08:41

Adoption regulation lawmakers Brazilian lawmakers seek to add crypto to debtors’ protected assets list

As Brazilian lawmakers discuss the bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill.

20.09 / 08:03

Adoption regulation Donations bills 2024 Kansas adjourns crypto bill targeting political donations to January 2024

A Kansas bill that aimed to limit and prohibit cryptocurrency donations in political campaigns has been adjourned to January 2024.

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