Regulation Financial News

05.07 / 07:47

regulation companies Financial Services Wealth managers financial conduct authority FCA Investigations FCA confirms investigations into Crispin Odey and Odey Asset Management

While the investigations were opened in mid-2021, Rathi said the regulator had been engaged in “intensive” supervision of Odey AM since 2020. | PA Images / Alamy Stock Photo

05.07 / 07:29

Binance regulation Bitcoin Binance Australia offices reportedly searched by local regulator

BinanceAustralia is working with local authorities on meeting compliance requirements amid reports alleging that the company’s offices were searched on July 4.

04.07 / 20:59

Government regulation crimes UK government moves forward on bill aimed at empowering authorities to seize crypto

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.

04.07 / 18:13

regulation Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for Policy Reversal

Hopes that China’s anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party’s top official at the People’s Bank of China (PBoC).

04.07 / 15:33

Government Law regulation compliance Financial UK financial watchdog reminds crypto firms of October deadline for marketing compliance

The United Kingdom’s Financial Conduct Authority, or FCA, has announced that all cryptoasset firms marketing to users in the country must be in compliance with its financial promotions regime by October 2023.

04.07 / 12:13

regulation lending Bankruptcy creditors Creditors for bankrupt Voyager Digital billed $5.1M in legal fees

New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March 1 and May 13, 2023.

04.07 / 12:13

business regulation China to tighten control on exports of AI chip-making materials

The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems.

04.07 / 11:21

regulation Trading Investing security Exchange lending Singapore's Monetary Authority Enforces Crypto Lending and Staking Ban for Retail Investors

Singapore's chief financial watchdog has decided to enforce a ban on lending and staking for retail customers.

04.07 / 10:39

Blockchain Adoption regulation Web3 Bitcoin Regulation regulatory U.S. crypto regulatory uncertainty could be Hong Kong’s gain - Yat Siu

Industry experts believe Hong Kong’s shifting attitude towards blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States.

04.07 / 06:27

Adoption Binance regulation SEC coinbase Crypto firms won't leave US despite apparent hostility: Merkle Science CEO

Despite recent narratives suggesting differently, the United States won't be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science.

04.07 / 06:27

business defi regulation Gemini lending FTX Bankruptcy NOT Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card.

04.07 / 03:37

business regulation Liquidity Court Bankruptcy Future creditors Kyle Davies to donate future OPNX earnings to 3AC creditors for 'karma'

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.

04.07 / 01:13

Citizens VISA regulation Telegram Belarus Looks to Ban P2P Crypto Trading – Crackdown Incoming?

Belarus is set to ban peer-to-peer (P2P) crypto “exchanges” – in a blow to traders operating in the country.

03.07 / 20:11

CBDC regulation SEC Europe coinbase European Union EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust in smart contracts.

03.07 / 19:11

Law regulation crimes 'A lot of the bad actors have been shaken out of the market' — Bitvo CEO

Pamela Draper, president and CEO of crypto platform Bitvo, has weighed in on firms escaping the Canadian market amid the regulatory environment.

03.07 / 18:13

CFTC regulation Franklin BNY BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel

BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator.

03.07 / 15:33

Hack regulation SEC security network Crypto miners Exploit Today in Crypto: South Korea Passes the Virtual Asset User Protection Legislation, Poly Network Exploit Affected 57 Cryptos on 10 Blockchains, Crypto Miners Are Turning to AI

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

03.07 / 14:15

Law regulation Bank of England UK government UK Law Commission recommends 'distinct' legal category for crypto

The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets.

03.07 / 12:35

regulation security lending Bitcoin end Singapore to require crypto firms to put user assets into trusts by year-end

Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.

03.07 / 11:43

regulation US FCA Final LIBOR panel ends as transition nears conclusion

The London Interbank Offered Rate reflected the cost of lending between banks, using quotes from panels of banks in 35 variants across five currencies.

03.07 / 10:57

Government regulation P2P Bitcoin Belarus wants to ban P2P cryptocurrency transactions

The Belarusian Ministry of Foreign Affairs is working on legal amendments prohibiting peer-to-peer (P2P) transactions in cryptocurrencies like Bitcoin (BTC).

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