Regulation Financial News

27.06 / 11:29

regulation Career UK FCA FCA Confirms That Digital Assets Head Binu Paul Exited Less Than a Year After Assuming Role, Search for Replacement to Begin 'Shortly'

The Financial Conduct Authority’s (FCA) head of digital assets Binu Paul has left the organization.

27.06 / 10:31

Blockchain CBDC Digital Currency regulation Bank of England Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

The Bank of England (BoE) has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look for other options beyond blockchain as the underpinning technology.

27.06 / 05:47

business Government Blockchain Adoption Binance regulation restrictions Australian Australian banks claim 40% of scams 'touch' crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.

27.06 / 00:43

Adoption NFT regulation NOT Yes, the Secret Service has an NFT collection, and no, it’s not for sale

The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.

26.06 / 21:35

regulation us government ChatGPT us house US House bans members from using all chatbots except ChatGPT Plus

The United States House of Representatives recently adopted new rules banning all use of artificial intelligence (AI) large language models by members, with the sole exception of OpenAI’s ChatGPT Plus service.

26.06 / 21:05

regulation Fraud Banks FTX FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

FTX has recovered about $7 billion in liquid assets so far, and the search for additional assets is continuing, CEO John Ray said in the FTX Debtors’ second interim report, released June 26. The extensive commingling of funds complicates their efforts, however.

26.06 / 21:05

Law Binance regulation SEC Court Judge denies motion from Binance regarding allegedly 'misleading' SEC statements

A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng "CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion which could have stopped the financial regulator from issuing public statements related to the case.

26.06 / 19:33

Government Law regulation SEC lawmaker US lawmaker calls for info from Treasury and SEC on crypto market structure bill

California Rep. Maxine Waters, ranking member of the United States House Financial Services Committee, has called on leadership at federal regulatory agencies to weigh in on a proposed framework for digital assets.

26.06 / 17:57

Government Law regulation Trading South Korean gov’t ethics panel will address lawmaker’s alleged misconduct on crypto trades: Report

The Ethics Investigation Advisory Committee of the South Korean government has reportedly convened to discuss potential disciplinary measures against National Assembly member Kim Nam-kuk for alleged conflicts of interest involving cryptocurrency trades and related legislation.

26.06 / 16:59

Government Law regulation Trading lawmaker South Korean govt ethics panel will address lawmaker's alleged misconduct on crypto trades: Report

26.06 / 14:05

regulation Gambling ECB Executive ECB Executive Fabio Panetta: Cryptocurrencies Hold No Societal Benefits, Likens to Gambling

Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta.

26.06 / 13:09

Adoption regulation Tax Token Issuers in Japan to Be Exempt from 30% Crypto Tax on Unrealized Gains

Japanese token issuers have been exempted from corporate taxes on unrealized cryptocurrency gains.

26.06 / 11:39

ETF regulation HSBC Banks Bitcoin services HSBC rolls out cryptocurrency services in Hong Kong: Report

Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

26.06 / 10:25

Binance regulation Altcoin Europe European Union privacy coins Binance reverses decision to delist privacy coins in Europe

Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations.

26.06 / 09:15

business Adoption regulation Future Binance eyes United Arab Emirates as ‘focal point’ for future operations

The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange.

26.06 / 00:59

business Blockchain defi regulation AML United Nations Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

25.06 / 23:33

Blockchain regulation Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.

25.06 / 22:07

regulation Federal Reserve Uncertainty over digital assets traps institutions in 'supervisory void' — Fed Governor

During a speech at the Salzburg Global Seminar on bank regulation and supervision, Bowman called for attention from global regulators to the current supervision of novel banking activities, in particular banking as a service and digital assets. According to Bowman, financial institutions have been left in a "supervisory void" in terms of emerging technologies.

25.06 / 20:41

business regulation Tokens Token issuers in Japan exempt from 30% crypto tax on paper gains

Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20.

25.06 / 04:29

Twitter Hackers hacks regulation Sim Card Prison Sim Swap $794K SIM swap hacker PlugwalkJoe sentenced to five years in prison

BritishHacker Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in U.S. prison for his role in stealing $794,000 worth of cryptocurrency via a SIM swap attack on a crypto exchange executive back in April 2019.

24.06 / 17:01

business regulation SFC Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief

The CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong's embrace of Web3 regulation following the collapse of crypto exchange FTX last November, noting that crypto trading is an important part of the virtual asset ecosystem.

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