Regulation Financial News

16.06 / 03:53

Binance regulation SEC coinbase Bitcoin Bitcoin Price Time Bitcoin dips below $25K for the first time in 3 months

The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.

16.06 / 03:52

business Adoption regulation Investments Report Funding AI automation could take over 50% of today’s work activity by 2045: McKinsey

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.

16.06 / 03:40

Law regulation SEC coinbase Court Time SEC asks for more time to respond to Coinbase call for crypto clarity

The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.

16.06 / 03:38

regulation Court Bankruptcy Withdrawals Customer Voyager app set to reopen for customer withdrawals as soon as June 20

Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw their funds — nearly one year after it filed for Chapter 11 bankruptcy.

16.06 / 03:16

Adoption regulation Europe European Union Banks Central Bank Euro crypto law EU’s new crypto law: How MiCA can make Europe a digital asset hub

The European Union signed the Markets in Crypto-Assets (MiCA) regulations into law on May 31, making way for the landmark regulatory guidance on crypto assets and service providers to come into effect.

16.06 / 03:07

business regulation us government Senate Machine Learning AI companies Senators US senators propose bill to eliminate section 230 protection for AI companies

U.S. Senators Josh Hawley, a republican from Missouri, and Richard Blumenthal, a democrat from Connecticut, introduced a senate bill on June 14 that would eliminate special protections afforded to online computer services providers under the Communications Decency Act of 1996.

16.06 / 02:53

regulation Middle east OKX expansion Dubai's VARA approves OKX 'preparatory' license as part of exchange's expansion plans

The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.

16.06 / 02:42

Law regulation South America Brazil’s president signs law aimed at having central bank regulate crypto firms

Brazilian President Luiz Inácio Lula da Silva, known to many as simply Lula, has signed legislation giving clarity to the roles the country’s central bank and securities regulator will take in regards to cryptocurrencies.

16.06 / 02:42

regulation Terraform Labs Terra bail Extradition Do Kwon heading into extradition custody in Montenegro after receiving bail: Report

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, according to a report by the regional edition of Radio Free Europe (RFE). He also faces questions about ties to a local political figure.

16.06 / 02:30

business regulation CoinEx New York bans CoinEx exchange, seizes $1.7M in crypto assets

Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's funds were seized for allegedly failing to register as a securities and commodities brokerage.

16.06 / 02:05

Law regulation crimes FTX Court Fried Sam Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report

A United States federal judge is reportedly weighing a proposal to split former FTX CEO Sam Bankman-Fried’s (SBF) criminal charges into two trials following a filing from prosecutors.

15.06 / 00:27

regulation Financial Services reports Financial French financial markets ombudsman reports jump in crypto-related mediations

Progress can have its drawbacks, as the French stock market regulator, the nongovernmental Autorité des marchés financiers (AMF), has noticed. According to the AMF ombudsman, digital asset-related mediations rose sharply in 2022, as did the number of registered digital asset service providers (DASPs).

14.06 / 07:18

Ethereum Ripple XRP regulation Altcoin SEC Court Ripple’s Alderoty calls for probe into Bill Hinman and his infamous speech

Ripple’s chief legal officer Stuart Alderoty has called for an investigation into the motivations that led to former SEC official William Hinman delivering his now-infamous speech in 2018.

14.06 / 04:30

business regulation coinbase sec lawsuit SEC lawsuit sheds light on Coinbase's management

The lawsuit brought by the United States Securities and Exchange Commission (SEC) against Coinbase Global on June 6 is raising questions about the crypto exchange's approach to managing the ongoing crypto crackdown.

14.06 / 01:08

business Law Binance regulation SEC Court freeze SEC and Binance seek compromise on US assets freeze

The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets.

14.06 / 00:50

regulation SEC House Republicans SEC hears from Blockchain Assoc., House Republicans on 'exchange' definition proposal

The United States Securities and Exchange Commission (SEC) extended the comments period for its proposal to amend Rule 3b-16 of the Securities Exchange Act of 1934 ended June 13. The Blockchain Association and Republican members of the House of Representatives Committee on Financial Services filed last-minute comments.

14.06 / 00:48

Government regulation SEC Congress lawmaker Framework lawsuits regulatory US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms.

13.06 / 22:24

business regulation Europe Google European Union Machine Learning Bard Irish data watchdog blocks Google from launching Bard in the EU: Report

The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns.

13.06 / 20:50

markets regulation Banks Federal Reserve Bitcoin Bitcoin Price Support Why Bitcoin’s resistance to retesting the $25K support could be futile

Bitcoin has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve will announce its interest rate decision on June 14.

13.06 / 19:49

Law regulation BitStamp Bitstamp now included on FCA's list of registered crypto firms

The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority.

13.06 / 13:57

Ethereum Ripple XRP regulation SEC NOT Hinman docs unsealed: SEC concerned over ‘Ether is not a security’ statement

Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security.

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