Regulation Financial News

13.06 / 11:49

Stablecoin regulation SEC AIM 2024 Hong Kong and the US aim for stablecoin regulations by 2024

The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024.

13.06 / 07:49

business Law Binance regulation SEC Court freeze ‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds

Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets, claiming that the move would “effectively end” its business.

13.06 / 05:01

regulation SEC security SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video

A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”

13.06 / 02:45

Technology Law regulation United Nations UN report highlights ‘serious and urgent’ concerns about AI deepfakes

The United Nations has called artificial intelligence-generated media a “serious and urgent” threat to information integrity, particularly on social media.

12.06 / 22:05

Law Binance regulation SEC Binance.US hires former SEC enforcement official amid lawsuit: Report

United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange.

12.06 / 20:31

Law regulation SEC Sec Chair lawmakers Lawmakers introduce bill to remove SEC chair — but do they have the authority?

Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.

12.06 / 19:27

regulation SEC Congress Senate lawmakers US lawmakers Breaking: US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler

United States Rep. Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives, announced on June 12. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler.

12.06 / 16:43

business regulation Machine Learning UK government London UK to get ‘early or priority access’ to AI models from Google and OpenAI

British Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic — three tech outfits widely considered the global industry leaders in generative AI technologies — have agreed to provide the United Kingdom with early access to their AI models.

12.06 / 15:09

Law regulation Court BitGo US court US court dismisses BitGo’s claims in $100M lawsuit against Galaxy Digital

The Delaware Court of Chancery in the United States has granted a motion from crypto investment firm Galaxy Digital largely dismissing digital asset custodian BitGo’s case following a dropped acquisition of the firm in 2022.

12.06 / 05:27

regulation Winklevoss Twins policies Elections Democrats ‘war on crypto’ will lose its key voters: Winklevoss twins

United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of its continued “war against crypto," according to the Winklevoss twins.

12.06 / 05:05

Binance regulation exchanges Bitcoin Binance CEO CZ responds as data points to billions in exchange outflows

While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears.

11.06 / 17:47

business Blockchain regulation SEC solana NOT SOL is not a security, says the Solana Foundation

The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission's classification of its native token, Solana (SOL), as a security.

11.06 / 09:37

regulation SEC U.S. Bitcoin lawsuits U.S. Senator Lummis revamps efforts for crypto regulations amid SEC lawsuits

With the rapid evolution and increasing adoption of cryptocurrencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her efforts to push for a positive regulatory framework are still in motion.

11.06 / 07:25

Blockchain regulation coinbase Hong Kong legislator invites Coinbase to the region amid SEC scrutiny

With its progressive stance on cryptocurrencies, Hong Kong's legislator invites Coinbase and other crypto exchanges to establish operations in the region, fostering a favorable environment for the industry's growth.

11.06 / 07:25

regulation SEC coinbase security Bitcoin The US will find the 'right outcome' for crypto, eventually – Coinbase CEO

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, emphasized that regulating crypto isn't "rocket science" and is confident that the United States will achieve regulatory clarity, “even if it takes a while.”

11.06 / 03:23

Reuters regulation Report Scams identity Customer FTX authorized to 'permanently redact' customer names from all bankruptcy filings

Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. However, the names of companies and institutional investors will be sealed for another 90 days.

10.06 / 15:57

business Binance regulation Africa Nigeria regulator halts Binance operations: Report

It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission.

10.06 / 14:33

regulation SEC European Union Bitcoin EU needs further efforts to implement crypto regulations: Btc. x CEO

Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments.

10.06 / 08:03

Blockchain regulation Taxes Nigeria to tax crypto, digital assets 10% on capital gains: Experts react

On the eve of his departure from office, May 28, former President Muhammadu Buhari signed into law the Finance Act 2023.

10.06 / 05:35

Law CFTC regulation Ooki DAO to shut down after 'precedent setting' court battle with CFTC

A U.S. District Judge has entered a default judgment order that requires Decentralized Organization Ooki DAO to permanently shut down and pay a civil monetary penalty of $643,542.

09.06 / 23:47

Law Binance regulation SEC coinbase exchanges Sec Charges SEC charges against Binance and Coinbase are terrible for DeFi

The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to disrupt established financial systems and deliver financial services in a decentralized manner.

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