Regulation Financial News

15.05 / 01:07

business regulation SEC Court LBRY fines SEC revises $22M punishment against LBRY, seeks $111K instead

The United States securities regulator is seeking to revise its $22 million punishment against decentralized content platform LBRY, acknowledging it is unlikely to be able to cough up the funds to be able to pay it.

14.05 / 07:17

regulation Report us government National Debt 'Significant risk' of US Treasury running 'out of funds' soon: Report

The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report.

14.05 / 05:39

Law Mining regulation Report Court Bitcoin BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid mining facility fees.

12.05 / 23:59

regulation Tokens Bakkt Bakkt delists majority of tokens from recently acquired Apex Crypto platform

Digital asset firm Bakkt has dropped 25 of the 36 crypto tokens listed on its recently acquired trading platform Apex Crypto.

12.05 / 22:09

Law regulation lawmakers US lawmakers US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill

Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.

12.05 / 21:29

regulation SEC legislation MICA US SEC’s Hester Peirce Says European Regulation MiCA Could Serve as a “Model” for the US

Republican leader at the US Securities and Exchange Commission said Europe’s legislation to regulate cryptocurrency could be a model as the country grapples with how to write rules for the industry.

12.05 / 20:57

Stablecoin Binance regulation security Binance calls it quits in Canada, blames new rules

Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry.

12.05 / 20:31

regulation coinbase Congress policies lawmakers US lawmakers Coinbase establishes advisory council with former US lawmakers

Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders

12.05 / 19:57

Binance regulation restrictions guidance Binance Says Farewell to Canada Following New Guidance Implementing Restrictions on Exchanges

Binance is pulling out of Canada.

12.05 / 19:21

regulation coinbase legislation lawmakers Former Lawmakers Join Coinbase’s New Global Advisory Council

Former US lawmakers Patrick Toomey, R-Pa., Tim Ryan, D-Ohio., and Patrick Maloney, D-N.Y will join Coinbase’s newly launched Global Advisory Council to guide its leadership team.

12.05 / 18:17

Government Law Stablecoin regulation us government The US should promote USDC — before it's too late

Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception.

12.05 / 17:59

regulation Federal Reserve white house policies Reserve President Biden announces nominations for key positions at Federal Reserve

United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair.

12.05 / 17:59

CBDC regulation foreign Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs

Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources. The governor urged state lawmakers in March to draft the bill.

12.05 / 16:33

CFTC regulation SEC US regulators Crypto Leaders Turn to the UAE As Frustration Grows With US Regulators

Some cryptocurrency leaders are turning to the United Arab Emirates as others are showing irritation with US regulators.

12.05 / 14:13

business regulation UAE infrastructure for crypto is more ‘business-friendly’ than the US, says exec

At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates' infrastructures and how they can be “ideal” for crypto businesses.

12.05 / 13:31

UPS Citizens regulation Aware Drop fall 80% Drop in No. of Licensed Estonian Crypto Firms – What’s Caused the Fall?

There has been an 80% drop in the number of registered crypto firms operating in Estonia, official data has revealed.

12.05 / 12:23

business regulation Court Terra Luna Terra bail Montenegro Court Terra Luna founder Do Kwon's bail terms officially accepted by Montenegro court

Montenegro has granted approval to the bail terms proposed by Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law.

12.05 / 11:39

business regulation Europe policies ChatGPT recommendations Romania harnesses AI for data-driven policy recommendations

Countries around the world are beginning to grapple with the pervasiveness of artificial intelligence (AI). While some look to the emerging technology with concern, others like Romania are embracing it.

12.05 / 11:39

business regulation SEC HSBC Banks SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use

Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.

12.05 / 11:11

Blockchain Law regulation rights Texas votes to add crypto to state’s bill of rights

Texas legislators have voted by a large margin to amend the state's Bill of Rights and add a provision recognizing the right of individuals to possess, retain and utilize digital currencies. The decision was made on Wednesday, May 10.

12.05 / 09:47

Blockchain Stablecoin regulation European Union Central Bank European Banking Authority May Veto Large Stablecoins During MiCA Approval Process

The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.

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