Regulation Financial News

31.07 / 10:01

Blockchain Mining regulation crimes Bitcoin Power Crypto miners Borneo authorities seize illegal crypto miners running off stolen power

Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.

31.07 / 09:11

Binance regulation Bitcoin services Broker Binance to offer crypto broker-dealer services in Dubai with new license

Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai.

31.07 / 05:29

business regulation Banks banking Australia's Bendigo Bank blocks high-risk payments to crypto exchanges

Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investment scams.

30.07 / 08:17

Blockchain Law Ripple XRP regulation SEC Lawyer Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors

Pro-XRP lawyer, John E. Deaton, has said that the actions taken by the Securities and Exchange Commission (SEC) against the crypto industry are driven by a broader motive to safeguard corporate capitalism rather than prioritizing the protection of investors.

30.07 / 07:29

Blockchain Law regulation FTX bail Leak DOJ seeks SBF's bail revocation over tampering, diary leak allegations

In a letter to Judge Lewis Kaplan, the United States Department of Justice (DOJ) sought the revocation of Sam Bankman-Fried's (SBF) bail, accusing him of attempting to tamper with witnesses, including leaking his ex-girlfriend's diary entries to the New York Times (NYT). These actions, connected to the FTX case, have raised concerns about witness interference.

29.07 / 21:19

business regulation SEC Court D.C. Circuit reverses SEC ruling on SPIKES futures, calls it "arbitrary and capricious"

The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as 'futures' rather than as 'securities futures'. The judge panel called the SEC order "arbitrary and capricious."

29.07 / 19:05

business regulation Europe European Union open GitHub, Hugging Face, urge EU to relax open-source AI rules

An open letter from GitHub, Hugging Face, Creative Commons and other tech firms are calling the European Union to ease upcoming rules for open-source artificial intelligence models.

29.07 / 16:19

regulation crypto regulation Elizabeth Warren crypto rules Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules

The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies.

29.07 / 09:11

business Technology regulation Apple Tokens Congress lawmakers Lawmakers probe Apple's App Store policies on blockchain, NFTs

Representatives Gus Bilirakis, from Florida and of the Republican Party, and Jan Schakowsky, representing Illinois and affiliated with the Democratic Party, both serving in the United States Congress joined forces and took the initiative to address their concerns directly to Apple CEO Tim Cook. on the California-based company's App Store guidelines and its effect on emerging technologies like blockchain and nonfungible tokens (NFTs).

29.07 / 07:51

business Law Binance regulation SEC SEC, Binance unite against Eeon’s lawsuit intervention

The response from the United States Securities and Exchange Commission (SEC) and crypto exchange Binance has been submitted regarding the entity "Eeon," which has sought to intervene on behalf of customers in the case. Both the SEC and Binance are against Eeon's petition to intervene, citing that it does not meet the necessary legal requirements for intervention and consent.

29.07 / 07:51

regulation Gemini banking Winklevoss Twins US banking advocacy group supports Sen. Warren’s reintroduced crypto bill

United States banking advocacy group, the Bank Policy Institute (BPI), has backed the legislation of Senator Elizabeth Warren, a vocal crypto critic, which calls for more transparency in digital assets to combat financial crime.

29.07 / 02:59

Twitter regulation SEC Financial Services accountants SEC crypto Warning Hester Pierce strikes back against SEC crypto warning to accountants

Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent statement advising accounting firms against taking on non-audit work for crypto clients.

28.07 / 22:11

Ethereum regulation data reports audit Worldcoin releases audit reports showing resolved security issues

Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority.

28.07 / 21:13

Binance regulation Bafin German regulator raised concerns about Binance CEO prior to license application withdrawal: Report

The German Federal Financial Supervisory Authority, or BaFin, reportedly advised crypto exchange Binance to withdraw its licensing application based on concerns with CEO Changpeng Zhao (CZ) and the firm’s structuring.

28.07 / 19:57

regulation Upbit Bithumb Financial Intelligence Unit compliance Financial South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.

28.07 / 17:29

Law regulation FTX Court Fried Sam Sam Bankman-Fried's legal team turns over docs related to NYT story, requests they be sealed

Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘SBF’, have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison.

28.07 / 14:01

business regulation data ChatGPT Worldcoin French privacy watchdog questions Worldcoin's data collection method: Report

The French data protection agency, also called the Commission Nationale Informatique & Libertés (CNIL), is reportedly questioning the legality of data collection methods conducted by Worldcoin, according to a Reuters report.

28.07 / 13:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers Woodford compensation 2024 FCA: Woodford compensation payments could begin as early as 2024

The update revealed the creation of an investor committee to be chaired by Jamie Drummond-Smith, a former Deloitte partner who oversaw the company voluntary arrangement of Arcadia Group as interim chair.

28.07 / 13:41

Blockchain regulation Central Bank Court Reserve Bank of India Bitcoin Indian crypto rules Indian Supreme Court raps Union government on crypto rules delay: Report

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet.

28.07 / 11:17

Government regulation us government National Mixers Crypto mixers US Senate approves national defense bill that also targets crypto mixers

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on the evening of July 27. The bill includes a provision that targets crypto mixers, anonymity-enhancing coins and institutions that are engaging in crypto trading.

28.07 / 11:17

Government Mining regulation Bitcoin Hydropowered crypto mining gets nod from Kyrgyz president: Report

The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government.

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