Regulation Financial News

23.06 / 21:59

Payments regulation Central Bank ECB ECB official labels crypto as 'deleterious' with 'no societal benefits' in scathing speech

Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.

23.06 / 21:13

business Adoption regulation Wirex Debit Cards Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

Debit cards offered through crypto payment service Wirex may stop functioning in the European Economic Area (EEA), according to a June 23 email the company sent to some of its customers. The threat of stoppage was triggered by Lithuania’s central bank revoking the license of UAB PayrNet, Wirex’s card provider.

23.06 / 19:51

Provident Binance Digital regulation acquires Santander, Crédit Agricole Asset Servicing Arm Acquires French Crypto Custody License – Adoption on the Rise?

CACEIS Bank, the combined asset servicing arm of the major European banks Crédit Agricole and Santander, has acquired a French crypto custody license, according to the website of France’s financial regulator.

23.06 / 17:49

Binance regulation Financial Services services Financial Belgian financial regulator orders Binance to cease all virtual currency services

The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services.

23.06 / 15:59

business Law regulation coinbase Court US Supreme Court halts Coinbase cases in its first crypto ruling

The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases.

23.06 / 11:25

Blockchain Adoption regulation services regulatory approval regulatory Crypto.com receives regulatory approval to offer crypto services in Spain

Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times.

23.06 / 03:35

business Binance regulation exchanges Dollar Binance.US solves USD withdrawal issues but warns it won't last long

U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last.

22.06 / 23:09

Blockchain Adoption VISA regulation European Union Debit Cards safe Cryptopay EU card provider loses license, company says card funds are safe

The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU cardholders that they should immediately spend or transfer funds from their cards. Funds held in the app’s accounts are safe, Cryptopay told Cointelegraph.

22.06 / 21:11

regulation SEC Europe European Union Crypto enthusiasts are wrong to target Gary Gensler

The animus of the entire crypto world is focused on Securities and Exchange Commission Chair Gary Gensler.

22.06 / 19:01

regulation Bitcoin Regulation IMF NOT Banning crypto ‘may not be effective in the long run’ — IMF

The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach.

22.06 / 18:31

business regulation Europe European Union MICA Santander, Crédit Agricole asset arm receives French crypto custody license

CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France, according to the regulator’s website on June 20.

22.06 / 14:49

Law regulation SEC FTX lawmaker Fried Sam US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest

Michigan Representative Bill Huizenga, who chairs the United States House Oversight and Investigations Subcommittee, has called out the Securities and Exchange Commission (SEC) for its failure to produce appropriate documents related to the timing of the charges and arrest of former FTX CEO Sam Bankman-Fried.

22.06 / 14:21

Adoption regulation education Asia ChatGPT Schools generative AI Limited generative AI usage to be allowed in Japanese schools

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms.

22.06 / 09:45

business Binance regulation Binance faces scrutiny in Brazil, exec summoned to testify before Congress

Deputy Alfredo Gaspar, a member of the Parliamentary Commission of Inquiry (CPI) of the Financial Pyramids has requested the summoning of Guilherme Haddad, the Director of Binance Brazil, to appear before the Brazilian parliament.

21.06 / 22:07

ETF regulation SEC cryptocurrency investment valkyrie spot ETF Valkyrie joins rush with BTC spot ETF application to go with its futures, miners ETFs

Cryptocurrency fund manager Valkyrie is applying for a Bitcoin spot exchange-traded fund (ETF), joining several other financial firms that have filed similar applications with the United States Securities and Exchange Commission (SEC) in the last week. Valkyrie filed an S-1 registration form for a Bitcoin spot ETF with the SEC on June 21. In it, the firm indicated that it would seek to list its fund on the Nasdaq under the symbol BRRR.

21.06 / 21:11

Binance regulation SEC Court Binance, Binance.US and CZ allege SEC made ‘misleading’ statements on exchange assets

Lawyers representing United States-based crypto exchange Binance.US, global exchange Binance Holdings Limited and Binance CEO Changpeng "CZ” Zhao have filed a motion alleging the U.S. Securities and Exchange Commission (SEC) misled the public in statements issued over an ongoing securities lawsuit.

21.06 / 19:11

regulation Web3 Hong Kong Should Follow Singapore, Japan in Crypto: Government Study

A government study conducted by the Research Office at Hong Kong’s Legislative Council has suggested that the city should take cues from countries like Japan and Singapore in its efforts to develop and embrace Web3 technologies and crypto.

21.06 / 18:51

CBDC regulation stablecoins Monetary Authority of Singapore Proposes Protocol for Digital Money, Includes CBDCs and Stablecoins

Singapore’s central bank has proposed a whitepaper on purpose-bound money (PBM), a protocol that will define benchmarks for the use of digital money including central bank digital currencies (CBDCs) and stablecoins.

21.06 / 18:21

CFTC regulation SEC Federal Reserve legislation Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says

United States Federal Reserve Board sees payment stablecoin as a form of money, chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on June 21.

21.06 / 17:41

Government Law regulation Banks lawmakers US lawmakers US lawmakers propose bills to hold bank execs accountable for failures and address risks

Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.

21.06 / 16:33

regulation IRS transactions Taxes How To How to track and report crypto transactions for tax purposes

As cryptocurrencies and blockchain assets continue to grow in popularity and mainstream adoption, the United States Internal Revenue Service has taken an increasing interest in their taxation.

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