Regulation Financial News

06.07 / 17:57

regulation Metaverse Assets regulatory The EU’s Leaked Metaverse Strategy Proposes Global Regulatory Governance Rules

The race to build the perfect virtual ecosystem, popularly termed the metaverse is taking shape with huge technology-driven companies at the fore.

06.07 / 17:31

business Twitter regulation Tesla elon regulatory Elon Musk calls for AI regulatory oversight: Report

Twitter's executive chairman Elon Musk continues to push for more regulatory oversight of artificial intelligence, claiming it may be "smarter than all humans at everything" in the future.

06.07 / 16:55

Law regulation Bittrex Bittrex may still face enforcement action in Florida amid bankruptcy

The Florida Office of Financial Regulation is considering action against United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May.

06.07 / 11:07

CFTC regulation network CFTC Finds Celsius Network and Its Ex-CEO Guilty of Breaking Rules

Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed.

06.07 / 10:27

Mining regulation Bitcoin UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.

06.07 / 08:27

regulation Taxes Bill to exempt foreigners from crypto taxes passes preliminary reading in Israel

Foreign residents of Israel could get an exemption from capital gains taxes on the sale of digital currencies. A bill that would grant that and other tax benefits for digital assets holders passed through preliminary reading in the country’s parliament (Knesset) on June 5.

06.07 / 01:49

business CFTC regulation SEC Celsius CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

Investigators from the Commodity Futures Trading Commission have reportedly determined that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke a number of U.S. rules before the company's implosion.

05.07 / 22:15

business Twitter regulation Twitter receives money transmitter licenses in three US states

Twitter Payments LLC, a subsidiary of Elon Musk’s Twitter social network, appears to have received its first money transmitter licenses after Michigan, New Hampshire and Missouri approved the company’s applications.

05.07 / 20:45

Government Payments regulation Investments Taxes IMF IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them

Governments have yet to address all the ways crypto might be taxed, the International Monetary Fund (IMF) has realized, and the amount of taxes not imposed or collected may reach well into the tens of billions of dollars. That insight does little to reduce the variety of challenges in taxing crypto, however.

05.07 / 19:15

regulation UK FCA Crypto Companies 'Get Ready to Comply' - UK Regulator's Message to Crypto Companies

The United Kingdom's Financial Conduct Authority (FCA) has issued a warning to all crypto asset firms operating in the country, reminding them to ensure marketing compliance by the October deadline.

05.07 / 17:51

Blockchain regulation Europe European Union European Commission EU blockchain sandbox unveils first 20 use cases after wave of applications

The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.

05.07 / 16:19

ETF regulation Investments SEC Asset management spot bitcoin valkyrie Nasdaq refiles Valkyrie's spot Bitcoin ETF application, includes Coinbase as surveillance partner

The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase.

05.07 / 14:33

regulation property fsb exit open regulatory Global regulatory bodies recommend open-ended fund managers charge exit fees

The FSB’s recommendations call for greater clarity on the redemption terms that open-ended funds could offer to investors, based on the liquidity of their holdings.

05.07 / 13:57

Binance regulation Crypto Exchange Binance Australia Under Investigation, Offices Searched by Regulator

Australia's financial regulator has visited Binance offices as part of an ongoing probe into the company's defunct local derivatives business.

05.07 / 13:21

Adoption ETF regulation Price Analysis Genesis Trading Bitcoin Bitcoin Price Bull run Is this the start of the next bull run?

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses the latest change to the BlackRock spot Bitcoin exchange-traded fund (ETF) filing, which adds Coinbase as a “surveillance-sharing partner.“ Some analysts have signaled that the filings by BlackRock, Fidelity and others are responsible for the recent Bitcoin (BTC) rally toward $31,000, but according to Pechman, they’re only partially correct because it doesn’t indicate the United States Securities and Exchange Commission (SEC) will accept any of the ETF filings.

05.07 / 13:21

business Blockchain Digital Currency regulation exchanges Derivatives OPNX launches ‘oUSD’ credit currency for crypto margin trading

Crypto futures exchange OPNX has launched a credit currency for margin trading, according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the exchange.

05.07 / 12:33

regulation Banks Bitcoin Holdings Denmark orders Saxo Bank to erase cryptocurrency holdings

Financial regulators in Denmark are coming after cryptocurrency service providers, declaring that local banks are not allowed to hold cryptocurrency to hedge against trading risks.

05.07 / 12:33

Adoption regulation Hedera Support UAE free zone teams up with HBAR Foundation to support Web3 startups

RAK Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates (UAE) dedicated to crypto companies, has signed a memorandum of understanding (MOU) with the HBAR Foundation to support its ecosystem members through a grant program and by providing assistance in leveraging the Hedera blockchain.

05.07 / 11:31

CBDC regulation Cross-border India negotiates cross-border CBDC payments with global central banks

The Reserve Bank of India (RBI) is currently in dialogue with its counterparts from at least 18 other countries on the possibility of cross-border payments in the “digital rupee”.

05.07 / 09:41

Law Adoption regulation UK government Bitcoin Clarity needed on crypto lending regulations — UK Law Commission

A lawyer leading the United Kingdom’s Law Commission’s review on the application of British laws towards digital assets has stressed the need for further clarity around cryptocurrency lending.

05.07 / 08:21

Blockchain Law regulation end South Africa to mandate crypto exchange licenses by year-end: Report

South Africa's financial regulator has announced that all crypto exchanges in the country will be required to obtain licenses by the end of the year, according to a report by Bloomberg.

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