Regulation Financial News

06.09 / 07:31

ETF regulation SEC Grayscale Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion

Grayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship Bitcoin (BTC) fund to a spot exchange-traded fund (ETF).

05.09 / 19:05

Technology regulation Agency Computer science experts say US should create new fed agency for AI: Survey

A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence (AI) governance, according to a survey conducted by Axios, Generation Lab and Syracuse University.

05.09 / 15:57

Blockchain regulation Influencer 80 Chinese crypto influencer accounts shut down in latest crackdown

Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.

05.09 / 15:31

regulation UK FCA NatWest Coutts FCA sets out conditions of review into treatment of politically exposed persons

More than 200 countries and jurisdictions have signed up to the standards set by the Financial Action Task Force.

05.09 / 14:07

Blockchain defi regulation Report exchanges Bitcoin crypto trading platforms 40% of crypto trading platforms are decentralized: World Federation of Exchanges

A report from the World Federation of Exchanges (WFE) noted that 40% of the crypto trading platforms are decentralized and make use of distributed ledger technology. On the other hand, the majority, or 60%, of platforms make use of Central Limit Order Books (CLOBs), quite similar to regulated exchange platforms.

05.09 / 10:35

business regulation Scams MetaMask phishing MetaMask scammers take over government websites to target crypto investors

Crypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings.

05.09 / 10:35

regulation Taxes Japanese regulator seeks to scrap “unrealized gains” tax on crypto

The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands by proposing to change the tax code regarding digital assets.

04.09 / 21:03

CBDC regulation Europe ECB Euro digital euro Digital euro can ward off a host of private payment service ills: ECB official

The European Central Bank (ECB) is quite happy with the European Commission's (EC) legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “put Europe at the forefront of advanced economies” in CBDC development, potentially heading off private dominance of the financial sector and the ills that implies.

04.09 / 20:41

Blockchain regulation Grayscale Bitcoin bitcoin etfs Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and the SEC’s order to deny the GBTC listing application be vacated. Previously, Rao said that the SEC did not “offer any explanation” as to why Grayscale was in the wrong.

04.09 / 20:05

regulation FATF UK FCA Travel Rule Enforcement Begins for Crypto Firms in the UK – Here's What You Need to Know

Virtual Asset Service Providers (VASPs) in the UK are from September 1 required to collect, verify and share information on crypto transactions to firms “in the UK, or any jurisdiction that has implemented the Travel Rule.”

04.09 / 19:37

Blockchain NFT regulation Metaverse Taxes Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”

04.09 / 16:57

Government regulation Asia Former MAS chair who called crypto 'highly risky' wins Singapore's presidential race

Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote.

04.09 / 13:55

Government Law Stablecoin regulation Bitcoin lawmakers Australian Australian lawmakers send back crypto bill by Andrew Bragg

Australia’s Senate Committee on Economics Legislation has finally provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg.

04.09 / 13:55

regulation UK government OpenAI The UK releases key ambitions for global AI summit

The United Kingdom released its five “ambitions” for its global artificial intelligence (AI) safety summit on Sep. 4, with a big focus on risks and policy to support the technology.

04.09 / 13:39

regulation SEC US Financial Services Alternatives US private fund industry bodies sue SEC over new disclosure rules

'The SEC has overstepped its statutory authority and core legislative mandate, leaving us no choice but to litigate,' argued MFA president and CEO Bryan Corbett.

04.09 / 11:11

Blockchain regulation Bitcoin Regulation Bitcoin VASP OKX crypto exchange enters final stage of Hong Kong VASP license application

OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year.

04.09 / 11:11

Hackers hacks regulation Cybersecurity security freeze South Korea plans to submit bill to freeze North’s crypto assets: Report

The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets that are used to fund its capital Pyongyang's illicit weapons program.

04.09 / 09:19

CBDC Adoption regulation Option Bank of China: Platforms must provide digital yuan retail payment option

While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should facilitate payment options in all retail scenarios, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3.

04.09 / 07:07

regulation Scams Court Pump and Dump Court rules in favor of HelbizCoin investors, class lawsuit to go ahead

A United States federal court has allowed a nearly three-year-long class-action lawsuit against the creators of HelbizCoin to go ahead,.

04.09 / 01:35

Ethereum regulation Altcoin FTX Bankruptcy FTX wallet shifts $10M in crypto, sparking fear of token dumps to come

A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana (SOL) network to Ethereum, sparking concerns it could be the beginning of a series of token dumps amid the exchange’s bankruptcy proceedings.

03.09 / 03:03

Robinhood regulation FTX Court Bankruptcy shares FTX court filing reveals former Alameda CEO's $2.5M yacht purchase

FTX Debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.

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