Regulation Financial News

25.07 / 13:55

Binance regulation coinbase MICA Executive Australian Coinbase Executive Tasks Australian Regulators To Speed Up Legislations To Remain Competitive

Coinbase Chief Policy Officer Faryar Shirazad has noted the importance of regulatory clarity in Australia to position itself as a major web3 hub.

25.07 / 12:39

business Blockchain Stablecoin CFTC regulation SEC Former CFTC chairman says stablecoins can be a bridge between two worlds

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.

25.07 / 12:39

Blockchain regulation London Worldcoin Worldcoin may face UK data regulators inquiry days after launch: Report

The newly launched controversial crypto and ID project Worldcoin could face inquiries from data regulators in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report.

25.07 / 08:47

Blockchain Adoption Binance regulation Web3 Bitcoin Japan PM reaffirms Web3 plans as Binance announces imminent launch

Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change.

25.07 / 08:47

CBDC Adoption regulation Wyoming seeks ‘stable token’ commission head in first steps to establish state stablecoin

Wyoming is beginning its work on the state’s stablecoin, or, as it’s called officially, the “stable token” project, by opening a job position for a head of the stable token commission. The potential executive will lead a team, responsible for making a proper legislative framework for the project.

25.07 / 08:41

regulation UBS companies Credit Suisse PRA FINMA Fine Credit Suisse receives record fine over Archegos failures

Credit Suisse provided prime brokerage services to Archegos and entered into equity total return swaps with the family office, booking eventual losses of $5.1bn as a result of its collapse.

25.07 / 06:53

Law regulation bills Future fall US crypto's future could fall on these 4 digital asset bills

Since 2022, there have been at least 50 digital asset bills reportedly introduced to Congress, aiming to govern everything from stablecoins to the jurisdictions of United States regulators.

25.07 / 02:43

business Binance CFTC regulation Court Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

Crypto exchange Binance and its CEO Changpeng "CZ" Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator.

24.07 / 20:35

ETF CFTC regulation SEC white house Congress Senate Two more crypto bills in the US: Law Decoded, July 17–24

Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). The bill would subject DeFi operations to the same requirements as “other financial companies, including centralized crypto trading platforms, casinos, and even pawn shops.”

24.07 / 19:39

CFTC regulation SEC Congress legislation Cooperation GAO US GAO says lack of interagency cooperation needs to be addressed in crypto regulation

The United States Government Accountability Office (GAO), a Congressional watchdog agency, has released a report it completed in June on the regulatory framework for the use of blockchain in finance.

24.07 / 19:39

regulation crimes FTX Court Media Judge in SBF's criminal case proposes gag order, citing attempt to 'influence public opinion'

The federal judge overseeing the criminal case against former FTX CEO Sam Bankman-Fried (SBF) has proposed an order preventing all involved parties and their attorneys from largely contacting the media.

24.07 / 17:15

Government Ripple regulation SEC coinbase lawmakers crypto ETFs Ripple ruling and crypto ETFs 'drove a lot of urgency' among lawmakers, reportedly says Coinbase CEO

Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.

24.07 / 13:57

CBDC Adoption regulation Bank of Russia Ruble Putin signs law on introduction of digital ruble in Russia

Russia is moving forward with its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, according to an official government document.

24.07 / 10:48

Blockchain CBDC Adoption regulation Korean banks to research the stablecoins alternative

Several private banks in South Korea are studying the potential of tokenized deposits technology, an alternative both to private stablecoins and central bank digital currencies (CBDCs).

24.07 / 10:09

regulation FCA FCA intervention leads to 19% dip in appointed representatives

The FCA said it has introduced changes through new rules and guidance to improve principals' oversight of their ARs and raised ARs' standards.

24.07 / 08:49

Stablecoin Adoption regulation Financial Services legislation regulatory US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems

The Chairman of the House Financial Services Committee (FSC), Patrick McHenry, announced a markup of a few legislations, three aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.

24.07 / 06:17

business Law regulation FTX Court Bankruptcy Fried FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray.

24.07 / 04:35

CBDC Adoption regulation Federal Reserve Congress Congressman Warren Davidson calls to ban and criminalize CBDCs

United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development.

24.07 / 02:27

Law Ripple regulation Altcoin SEC Court Ripple CEO Brad Garlinghouse: ‘The SEC created this mess’

Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple.

23.07 / 21:51

business CBDC Adoption regulation Central Bank Reserve Federal Reserve of San Francisco hiring crypto architect for CBDC project

San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC) project, reveals an Indeed job posting. According to the role description, the employee will work on CBDC research and development.

23.07 / 17:21

business Mining regulation Crypto miners Arkansas counties rush to pass noise regulations for crypto miners

Several counties in the U.S. state of Arkansas are rushing to pass emergency legislations allowing them to control noise and other activities related to crypto mining before a new state law comes into effect on August 1, according to local media reports.

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