Regulation Financial News
30.05 / 12:27
business
regulation
exchanges
Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening
The race to snatch up Hong Kong retail crypto traders is about to kick off, with several cryptocurrency companies announcing plans to apply for a license come June 1.
30.05 / 12:27
Law
regulation
sanctions
Bitcoin
National
Russia scraps plans for a national cryptocurrency exchange
The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms.
30.05 / 12:27
regulation
Terra
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Last week, almost all the key markets for digital assets in Asia got updates from local regulators. Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
30.05 / 12:27
Government
Law
regulation
Europe
European Union
Opinion
UK government
The EU is watching your wallet, but it still beats the US for crypto
Millions of American television viewers, including those watching the NBA Finals, will soon see a new national ad campaign run by Coinbase. Titled “Moving America Forward,” the campaign is focused on explaining crypto and illustrating how it can help “update the system.” The ads add to the increasing pressure the company is putting on the United States Securities and Exchange Commission for clarity on digital assets. But no company can operate without a backup plan, which explains why Coinbase also secured a license in Bermuda in April to operate an offshore exchange.
30.05 / 09:55
regulation
Gemini
Winklevoss Twins
Billionaire Winklevoss Twins in Crisis Mode as Gemini Crypto Exchange Faces Setbacks – What's Going On?
Tyler and Cameron Winklevoss, the billionaire twins behind crypto exchange Gemini, are facing a series of setbacks as issues surrounding their exchange have reached new heights in recent times.
29.05 / 20:37
UPS
FIVE
VISA
regulation
Bali
foreign
Bali Tightens Regulations: Stricter Measures Implemented to Restrict Foreign Tourists from Using Cryptocurrency as Payment
The popular Indonesian tourist island Bali will tighten rules around payments to make it harder for foreign tourists to pay with crypto.
29.05 / 10:53
Government
regulation
community
Bali
Tourists are unhappy with crypto payments ban in Bali
The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services and reminded tourists that the Indonesian Rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they will not visit again.
29.05 / 10:23
business
Adoption
regulation
Bybit gets pre-approval in Kazakhstan as crypto custody service provider
Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan.
29.05 / 06:39
Payments
regulation
Ban
Bitcoin Payments
Bali
Warning
‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto
Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender.
29.05 / 02:33
regulation
Investments
Report
Bloomberg
FTX
compensation
Temasek slashes compensation for execs responsible for its $275M FTX investment
Singapore investment firm Temasek Holdings has reduced compensation for the execs responsible for the firm’s investment into the now-defunct crypto exchange FTX.
29.05 / 01:27
Government
regulation
us government
white house
policies
7 presidential candidates have dropped clues about their crypto stance
In late 2024, citizens of the United States will take to the voting booths to elect their next president — a four-year term that could have a vast impact on the next crypto bull run.
29.05 / 00:25
Binance
defi
Hackers
regulation
Scams
Insurance
Crypto users
Turns out, it’s pretty difficult to insure crypto users and platforms
Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.
28.05 / 13:05
Adoption
regulation
security
Banks
Central Bank
AML
banking
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.
28.05 / 10:15
regulation
Web3
HK
HK Police Launch CyberDefender to Help Protect Citizens in the Metaverse
The Hong Kong Police Force has launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse.
28.05 / 07:53
Technology
Adoption
regulation
Web3
Beijing releases white paper for Web3 innovation and development
Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry.
28.05 / 01:29
Reuters
regulation
Deal
Biden strikes 'tenative' U.S. debt ceiling deal: Report
United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a "tenative" agreement to raise the federal government's $31.4 trillion debt ceiling.
27.05 / 17:55
business
Binance
regulation
Asia
Binance kicks off transition to new platform in Japan
After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022.
27.05 / 08:07
business
regulation
SEC
Gemini files to dismiss SEC’s lawsuit over its earn product
Gemini Trust Co., a cryptocurrency exchange, and bankrupt lender Genesis Global Capital have jointly filed for the dismissal of a lawsuit brought by the Securities and Exchange Commission (SEC). The lawsuit claims that their Earn product violated securities regulations by offering unregistered securities.
26.05 / 20:27
Blockchain
Adoption
defi
Hackers
regulation
Aave
week
A week filled with exploits and uncertainty for DeFi: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
26.05 / 20:27
business
Blockchain
Mining
regulation
Research
Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface
Elon Musk’s brain-computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in-human” trials for its surgically implanted brain device.
26.05 / 18:49
XRP
regulation
Web3
Decentralized Exchange
Federal Reserve
Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’
The Federal Reserve Bank of Atlanta has piqued the interest of the crypto community with a recent publication in its Policy Hub series on the implications of Web3 for financial services. The 17-page paper by Christine Parlour, a professor at the University of California, Berkeley Haas School of Business, is intended as a basic text, and is noteworthy for its completeness.
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