Regulation Financial News

06.12 / 17:27

Ethereum regulation OKX miners Energy usage Digital Asset Exchange OKX Joins Ethereum Climate Platform to Foster Sustainability

OKX Ventures, the investment arm of cryptocurrency exchange OKX has joined the Ethereum Climate Platform (ECP) to partner towards sustainable climate goals.

06.12 / 12:17

Government regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers money market FCA sets out proposals to increase liquidity requirements for money market funds

In the consultation, the FCA said it would be significantly increasing the minimum proportion of highly liquid assets that MMFs have to hold.

04.12 / 20:09

regulation digital assets Financial South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications of 36 cryptocurrency companies seeking operational licenses in the country this month.

04.12 / 15:32

regulation Asset Managers Consumer Duty FSCS consultation FCA opens consultation on Overseas Funds Regime

The OFR consultation will be open for feedback until 12 February 2024.

04.12 / 10:01

regulation Apple CMA wins high court appeal in Apple case

The judgment overturned the Competition Appeal Tribunal's (CAT) March 2023 decision, which upheld an appeal by Apple and put the CMA's investigation on hold.

02.12 / 01:15

regulation Bitcoin BTC Mining Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report

Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions.

01.12 / 13:23

regulation European Union Derivatives Asset Managers Fund managers Fine Central Bank of Ireland imposes its first ever fine on an investment fund

The ICAV has admitted it failed to report 200,640 derivative trades entered into between January 2018 and May 2020 by one of its sub-funds to a trade repository.

01.12 / 11:27

regulation Trading Investing Web3 Dubai VARA Ethereum-Based Fasset Secures Operational License in Dubai for Tokenized Offerings

Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE.

30.11 / 21:39

regulation ECB European Central Bank Official Warns: Crypto Entities to Face Stringent Banking Oversight

Andrea Enria, Chair of the supervisory board at the European Central Bank (ECB), has emphasized the need for rigorous regulation when crypto entities start resembling banks.

30.11 / 17:11

regulation Financial Services Investment trusts Treasury Select Committee FCA sets out temporary measures to address investment trust cost disclosure concerns

The FCA acknowledged the concerns that cost disclosures under the EU laws 'may not result in representative cost information being published'.

30.11 / 17:11

regulation financial conduct authority FCA Harcus Parker accuses FCA of 'inaccurate summary' regarding potential third party Woodford claims

Harcus Parker senior partner Damon Parker acknowledged that investors will theoretically be able to file claims against third parties involved in the collapse of the former WEIF but argued it will be “impossible” to do so in practice.

30.11 / 09:43

regulation companies Financial Services Wealth managers financial conduct authority FCA PRA Allfunds authorisation regulatory Allfunds receives UK regulatory authorisation

The move has been made in anticipation of the end of the Temporary Permissions Regime for UK branches of European Economic Area-regulated firms.

30.11 / 09:43

regulation Commodities London Metal Exchange wins legal case against nickel trading suspension

On 8 March last year, LME suspended nickel trading after prices doubled to more than $100,000 per tonne, and retroactively cancelled $12bn of trades from the previous day.

30.11 / 09:34

business regulation investment platform Crypto investment platform Fasset granted operational license in Dubai

Digital asset investment platform Fasset was granted an operational license on Nov. 29, according to a listing on the Dubai Virtual Asset Regulatory Authority (VARA) website.

30.11 / 09:34

Government Adoption regulation Scams Australia tries again to combat ‘future sectors’ crypto scams

A consultation paper on a new framework for addressing consumer and business scams proposed by Australia’s Department of the Treasury considers applying sector-specific codes and standards to banking and cryptocurrency scams, among others.

30.11 / 00:51

regulation Bitcoin Regulation Bitcoin Price Brazilians may soon need to stump up taxes on crypto held abroad

Brazilians may soon be required to pay up to 15% tax on income derived from cryptocurrencies held on exchanges outside the country, after new income tax rules were approved by the Brazil Senate on Nov. 29.

29.11 / 22:23

Government Law regulation sanctions US deputy treasury secretary calls for additional tools to sanction crypto firms

Wally Adeyemo, deputy secretary of the United States Treasury Department, said his department is looking into new sanctions tools to pursue bad actors in the crypto space, citing a recent settlement with Binance.

29.11 / 19:47

Stablecoin regulation Bitcoin Regulation Paxos Middle east Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services.

29.11 / 19:47

Adoption regulation Winklevoss Twins Bitcoin Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

Charlie Shrem went from running a small online business to becoming a Bitcoin (BTC) millionaire and making the cover of Forbes magazine. And then he went to prison.

29.11 / 16:47

Government regulation sanctions US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based hacking group Lazarus.

29.11 / 12:58

regulation Taxes UK crypto UK crypto hodlers get a call from the tax grinch

His Majesty’s Revenue and Customs (HMRC) has issued a stern warned crypto users that they must declare and pay their taxes on digital assets within a strict timeframe, or face the consequences. The tax office issued guidance on how to go about declaring and paying taxes on their crypto holdings published on Nov. 29, starts with a clear warning:

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