Regulation Financial News

08.09 / 19:31

Government Law regulation Taxes guidance Blockchain Association responds to US lawmakers’ request for crypto tax guidance

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets.

08.09 / 18:09

regulation crypto regulation Taiwan's Crackdown: Offshore Crypto Exchanges Must Comply or Exit

Taiwan is set to impose restrictions on offshore cryptocurrency exchanges operating within its jurisdiction unless they gain the required registration.

08.09 / 17:07

business Blockchain Ripple regulation Fortress Fortress Trust acquires Ripple acquires Fortress Trust, expands license portfolio in the US

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8.

08.09 / 14:23

CFTC regulation Fraud fines Bitcoin CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud

The United States regulators have finally taken steps to resolve an enforcement case against the collapsed Mirror Trading International (MTI).

08.09 / 11:19

Blockchain regulation Bitcoin Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of “establishing, managing and being a member of an organization,” “qualified fraud,” and “laundering of property values.”

08.09 / 11:19

defi CFTC regulation DeFi enforcement sparks dissenting opinion from CFTC commissioner

Commodity Futures Trading Commission (CFTC) Commissioner, Commissioner Summer K. Mersinger, has said that he is concerned that the United States CFTC is considering enforcement actions related to decentralized finance (DeFi) protocols rather than engaging with the public.

08.09 / 10:39

regulation marketing cryptoassets FCA FCA details penalties for firms breaching crypto marketing rules

'From this October, crypto firms must market to UK consumers clearly, fairly and honestly.'

08.09 / 09:39

Adoption Payments regulation P2P Payments regulatory Singapore regulatory sandbox lacks qualified crypto payment providers

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers.

08.09 / 07:51

regulation SEC crypto regulation regulatory US Senator Says Lack of Regulatory Clarity is Driving Crypto Outside the United States

Senator Bill Hagerty (R-Tenn.) has said that the lack of regulatory clarity in the United States is creating an unfavorable environment, driving crypto companies outside the country.

08.09 / 06:21

business Law Adoption regulation Court Backed Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.

08.09 / 04:33

regulation SEC security LBRY LBRY decides to fight: Blockchain firm files notice of appeal against SEC

Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission.

08.09 / 00:13

defi regulation Derivatives defi protocols CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex

The United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings.

07.09 / 22:45

Law CFTC regulation regulatory CFTC commissioner calls for crypto regulatory pilot program

Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.

07.09 / 20:15

Government CBDC regulation Digital Dollar hearing committee House committee will reopen discussions on digital dollar in Sept. 14 hearing

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.

07.09 / 20:15

Blockchain Ethereum Hackers regulation crimes Cybercrime Bitcoin stake Stake hack of $41M was performed by North Korean group: FBI

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated.

07.09 / 20:15

regulation crimes FTX Court Former FTX exec will give up real estate, car, and $11M following guilty plea: Report

Ryan Salame, the former co-CEO of FTX Digital Markets, has pleaded guilty to charges related to defrauding the United States Federal Elections Commission and conspiracy to operate an unlicensed money transmitting business

07.09 / 20:15

Payments regulation Google Apple Apple Pay Mobile Payments CFPB CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking

Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, director of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As Big Tech continues to innovate, small firms may be squeezed out of the space, he added.

07.09 / 17:41

Law regulation marketing 2024 compliance Financial UK financial watchdog could give crypto firms until January 2024 for marketing compliance

The United Kingdom’s Financial Conduct Authority, or FCA, has reiterated its warning for all crypto asset firms marketing to users in the country to be in compliance with rules going into effect in October 2023, but added companies could have “more time to implement certain changes”.

07.09 / 17:29

regulation crimes FTX Court Former FTX exec is planning to plead guilty to criminal charges: Report

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly planning to plead guilty to criminal charges related to his alleged involvement in illicit activities at the failed cryptocurrency exchange.

07.09 / 17:29

Blockchain Ripple XRP regulation Altcoin regulatory Ripple CTO says 'tide is turning' on US regulatory environment

A court ruling that cleared Ripple's XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applications.

07.09 / 14:07

business regulation exchanges foreign Taiwan to restrict unregistered, noncompliant foreign crypto exchanges

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs).

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