Regulation Financial News

29.11 / 12:55

Government Blockchain Technology regulation Stakeholder urges swift implementation of Nigeria’s blockchain policy

A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria’s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion.

29.11 / 12:20

regulation companies FCA Odey AM Odey Asset Management Odey Brook Asset Management authorisation Odey AM applies to cancel FCA authorisation

Odey AM has been authorised to conduct regulated activities by the FCA since November 2002.

29.11 / 09:51

Digital regulation CEO Nov reports Zipmex proposes to pay creditors 3 cents per dollar

Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million.

29.11 / 09:51

Binance regulation Bitcoin Binance operating without license in Philippines, regulator says

Cryptocurrency exchange Binance has been operating in the Philippines without the necessary approval or license, according to the local securities regulator.

29.11 / 09:38

regulation Financial Services Wealth managers Asset Managers Fund managers FCA proposes 'polluter pays' investment advice redress framework

The FCA said the proposals mean firms will be required to set aside capital so that they can cover compensation costs and 'ensuring the polluter pays when consumers are harmed'.

29.11 / 08:23

Citi regulation Waters economy crypto regulation innovations reports Financial UK City Minister Asks Regulators to Embrace Some Risk-Taking in Financial Markets

The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy.

29.11 / 01:57

business regulation SEC Bitcoin ‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts

Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts.

28.11 / 22:54

Law regulation SEC Court Terraform Labs Terra Jump Crypto filed docs confidentially in SEC v. Terraform Labs case

A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs.

28.11 / 22:53

CFTC regulation coinbase Customers Coinbase warns customers about subpoena in apparent CFTC Bybit probe

Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange.

28.11 / 20:19

Law regulation lending Bitcoin Regulation Judge signs off on $1.65B settlement between Voyager Digital and FTC

A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC).

28.11 / 20:19

business Adoption regulation Cybersecurity Multisignature Fireblocks launches trading system to mitigate centralized exchange risk

Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to eliminate counterparty risk on centralized exchanges and prevent future FTX-like collapses.

28.11 / 19:55

regulation Financial Services ESG FCA Asset Managers SDR FCA 'closes loopholes' with introduction of fourth label under SDR but further clarification needed

The rules provide a degree of flexibility for asset managers, which means 'firms will need to make their own judgements about labels, disclosures and data, and anticipate end-consumer outcomes – all of which come with their own challenges'.

28.11 / 18:15

regulation crypto tax Tax Agency Updates Crypto users Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines

Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets.

28.11 / 14:54

Adoption Binance regulation BitMEX Bitcoin Financial Binance, CZ paid for defying financial, political status quo — Arthur Hayes

The explosive growth and success of Binance outside of the control of the traditional financial and political establishment led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes.

28.11 / 14:53

Adoption regulation Survey Taxes 2024 end Spanish citizens to declare foreign crypto holdings by end of March 2024

Spanish residents holding any crypto assets on non-Spanish platforms will have to declare them by March 31, 2024, under new laws governing the taxation of virtual assets.

28.11 / 14:53

regulation FTX FTX failure reveals flaws in multifunction crypto-asset intermediaries — FSB

The Financial Stability Board (FSB) — the global body that monitors the financial services industry — released a report on Nov. 28 claiming the crypto industry might need additional regulations to prevent another catastrophe on the scale of the FTX scandal.

28.11 / 14:53

Government Law Binance regulation us government Bitcoin Why Binance’s US plea deal could be positive for crypto adoption

Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States.

28.11 / 14:19

regulation Financial Services financial conduct authority ESG FCA Asset Managers greenwashing strategies FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies'

Following feedback, the FCA has also removed the word 'sustainable' from the labels and replaced it with 'sustainability', to reflect how some funds are 'on a journey to becoming sustainable'.

28.11 / 10:00

business regulation eToro Crypto licenses Financial eToro, M2 win ADGM crypto licenses to operate in UAE financial center

Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).

28.11 / 10:00

regulation Europe European Union International Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’

The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models.

27.11 / 23:53

business Binance regulation SEC Department Of Justice Fraud FTX SEC still looking for potential FTX-style fraud at Binance.US: Report

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.

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