Regulation Financial News

09.08 / 12:03

Blockchain Binance regulation SEC Binance faces calls for ban by Nigerian Bureau De Change association

Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureaux De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation.

09.08 / 11:15

Law regulation Canadian police reported using Chainalysis Reactor to trace crypto crimes

Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.

09.08 / 11:11

Adoption regulation Investing International Hong Kong Aims to Thrive as an International Crypto Hub Despite Global Scrutiny

The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.

09.08 / 10:35

Binance regulation identity KYC Verification Identity checks on crypto exchanges at risk as AI deepfakes evolve

The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools at cryptocurrency exchanges.

09.08 / 08:53

regulation Court South Korea arrests Bitsonic CEO for stealing $7.5 million of users’ money

The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on trial, but without preliminary detention.

09.08 / 08:53

business Blockchain regulation Investments Venture Capital cryptocurrency investment FTX Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX.

09.08 / 05:59

business Law regulation Altcoin Fraud FTX FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.

09.08 / 01:03

business Stablecoin Adoption regulation Banks Federal Reserve US Fed steps up oversight of banks' involvement with crypto firms

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry.

08.08 / 20:17

Law regulation crimes FTX Deal Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.

08.08 / 18:53

regulation crimes FTX Court Fried Sam Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial

The United States Attorneys’ offices has announced another superseding indictment against former FTX CEO Sam Bankman-Fried (SBF) which will include considering an allegedly illegal campaign finance scheme.

08.08 / 14:49

Stablecoin Adoption regulation guidelines Obligatory license for stablecoins? What do the latest FSB guidelines mean

Normally, the numerous reports published by the Financial Stability Board (FSB) don’t contain particularly bold suggestions.

08.08 / 12:29

Stablecoin regulation Bank of England Power Bank of England will get more power in regulating stablecoins

The United Kingdom government could rebalance the power between the Bank of England (BoE) and the country’s principal financial regulator, the Financial Conduct Authority (FCA), in the former’s favor, according to a 40-page consultation response published by His Majesty’s Treasury on Aug. 7.

08.08 / 10:31

regulation regulatory Binance Labs Maintains Dominance in Crypto Funding Despite Regulatory Challenges

Binance Labs, the venture capital arm of the largest cryptocurrency exchange, Binance, remains an active investor in the crypto space despite its parent company facing regulatory challenges and potential fraud charges.

08.08 / 09:51

CBDC Adoption regulation Brazilian CBDC gets official name and logo

Brazilian central bank digital currency (CBDC), previously commonly referred to as “digital real”, gets its official brand name. It would be called Drex.

07.08 / 23:51

business regulation Blockchain.com Blockchain.com scores payment license from Singapore central bank

Crypto exchange Blockchain.com has been granted a payments license from Singapore's central bank — the Monetary Authority of Singapore (MAS).

07.08 / 20:37

regulation IRS FTX Taxes creditors NOT FTX has a plan, but creditors are not impressed: Law Decoded

FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body representing FTX customers said it is “extremely disappointed” by the plan.

07.08 / 19:13

regulation security crimes Bitcoin Regulation Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

The Securities and Futures Commission (SFC) of Hong Kong issued a notice about unlicensed virtual asset trading platforms “engaging in improper practices,” warning of potential criminal charges.

07.08 / 14:39

business regulation Google data Indian Government compliance India House passes bill to ease BigTech data compliance

The lower house of India’s parliament voted in approval of a bill that will ease data compliance regulations for Big Tech companies, according to a report from Bloomberg.

07.08 / 06:05

Law CoinGecko regulation Altcoin SEC index CoinGecko now has an index for crypto tokens alleged as securities

CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission (SEC).

06.08 / 09:33

regulation coinbase Crypto Exchange Drop reports Coinbase Reports Significant Drop in Consumer Trading Volume Raising Concerns for Crypto Industry

Coinbase has reported a significant drop in consumer trading volume, which has raised concerns for the crypto industry.

05.08 / 08:07

Blockchain Ripple regulation SEC Tokens CDC report underscores importance of Judge's verdict in Ripple case

The Chamber of Digital Commerce (CDC), an American advocacy organization, on August 1, unveiled a comprehensive "impact and analysis" report on the SEC's lawsuit against Ripple. The report scrutinizes the case's verdict, highlighting its profound implications for the crypto industry's future.

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