Regulation Financial News

02.08 / 09:09

regulation FATF G20 IMF India puts forward suggestions for G20 crypto roadmap

India, which currently holds the Group of Twenty (G20) presidency, has supported the Financial Stability Board’s (FSB) recommendations for a global crypto framework published in July. The country also emphasized the necessity of dealing with digital assets’ risks for developing economies.

02.08 / 08:39

Government regulation Altcoin Africa Worldcoin Worldcoin cryptocurrency project suspended in Kenya

The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.

02.08 / 03:31

business Law regulation FTX Court Bankruptcy Jail SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

02.08 / 02:17

business Law regulation FTX Court Bankruptcy exit creditors FTX creditors FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.

01.08 / 21:41

regulation Bankruptcy hedge fund 3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.

01.08 / 16:23

regulation Ukraine Mandates Digital Asset Firms To Disclose Financials As Wider Regulation Looms

The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures.

01.08 / 15:41

regulation FTX Court Terra Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).

01.08 / 13:19

Government regulation transactions Central Bank Bitcoin businesses Ukraine demands local crypto businesses provide financials

The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information.

01.08 / 13:19

Blockchain Law regulation FTX FTX Token Restructuring Plan FTX.com releases restructuring plan, hints at rebooted offshore exchange

FTX.com has outlined its intended re-organization plan that will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become re-operational as an offshore entity.

01.08 / 09:33

CBDC Binance regulation Nigeria’s SEC warns against trading on Binance

The Securities and Exchange Commission of Nigeria (SEC) issued a warning for local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular, issued against the fraudulent company, which had been illegally using Binance brand.

01.08 / 06:21

business Stablecoin regulation coinbase Circle Usd Coin analysts US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts

Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.

01.08 / 04:05

regulation IRS Taxes Proof-of-stake Staking Crypto Staking Crypto staking rewards are taxable once received: IRS

United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority.

01.08 / 02:05

business Law Stablecoin Binance regulation ‘Let's just diversify and see' — Binance CEO on its stablecoin strategy

Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants.

01.08 / 00:19

regulation SEC Fraud LUNC Terra Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision

A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm's motion to dismiss on July 31.

31.07 / 21:27

Government regulation Elections end Republican candidate wants to end President Biden's supposed 'war on Bitcoin' if elected

Florida Governor Ron DeSantis pushed a platform based partly on “economic independence" in his 2024 presidential campaign, specifically calling out policy on digital currencies.

31.07 / 20:05

Binance CFTC regulation SEC First major success in US Congress for two crypto bills: Law Decoded

Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

31.07 / 19:05

Law regulation crimes Worldcoin German Government German government watchdog launched Worldcoin probe in November 2022: Report

The Bavarian State Office for Data Protection Supervision, or BayLDA, reportedly began an investigation into human identity verification project Worldcoin based on concerns over biometric data.

31.07 / 16:09

regulation Taxes Tax reduction tax cuts Japan Blockchain Association demands tax cuts for crypto

Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets. Japan Blockchain Association (JBA), a non-governmental lobbying group, filed an official request to the country’s government, highlighting three major steps to ease up the fiscal burden on crypto holders.

31.07 / 16:07

regulation Apple lawmakers guidelines Apple's App Store Guidelines Under Scrutiny by Lawmakers for Blockchain and NFT Limitations

Apple is facing regulatory scrutiny in the US over its App Store guidelines, which allegedly hurt apps related to blockchain and non-fungible tokens (NFTs).

31.07 / 14:57

Law regulation SEC Court SEC files complaint against HEX founder for allegedly offering unregistered securities

The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens.

31.07 / 13:53

Blockchain regulation Chinese city implements plan for blockchain digital infrastructure system by 2025

The government in the Chinese city of Shanghai issued an implementation plan on July 31 for promoting the development of its urban blockchain digital infrastructure system in the time frame of 2023-2025, according to an update on the government’s webpage.

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