Regulation Financial News

28.04 / 09:37

Provident Digital regulation end New Ukrainian Crypto Regulations to Debut by Year’s End – Here’s All You Need to Know

Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out.

28.04 / 06:17

defi regulation transactions Taxes legislation UK treasury UK Treasury seeks input on taxing DeFi staking and lending

The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.

28.04 / 06:17

business Law regulation SEC Department Of Justice Court Prison Ex-CFO that stole $5M to trade crypto and ‘meme stocks' gets 3 years prison

The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks."

28.04 / 04:05

Government CFTC regulation Court Bitcoin penalty fraud case CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case

A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin (BTC).

28.04 / 01:23

business regulation Fraud Police FBI Bankruptcy Former FTX exec Ryan Salame’s home searched by FBI: Report

The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.

28.04 / 01:13

CFTC regulation SEC security us government SEC's Gary Gensler takes another swipe at crypto in educational video

Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating in violation of securities laws.

27.04 / 23:51

regulation SEC coinbase security Coinbase execs respond to SEC's Wells notice in person and on video

Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube.

27.04 / 20:47

regulation Congress Digital Asset us house US House committees hear similar testimonies in simultaneous hearings on digital assets

The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee held hearings with nearly identical titles and covered nearly the same ground with many similar conclusions.

27.04 / 18:19

business regulation banking NOT Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.

27.04 / 17:01

business Government regulation Trading Europe Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity

Belgian cryptocurrency trading platform Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its key partners.

27.04 / 13:21

Government Law Adoption regulation us government Utah DAO Act: How the law was made and what it means for decentralized business

In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state.

27.04 / 13:11

regulation FTX Bahamas Securities Commission Unveils Draft Digital Assets Act in Response to FTX Scandal – Here's the Latest

The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX.

27.04 / 11:15

business regulation coinbase IRS Kraken Kraken asks San Francisco court to intervene against IRS demands

Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.”

27.04 / 10:07

business regulation FTX Court Bankruptcy Celsius creditors Celsius creditors demand transparency on 'suspicious' FTX transactions

Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question.

27.04 / 09:05

Adoption regulation guidelines Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May

Hong Kong's Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month.

27.04 / 05:49

business Adoption regulation AML KYC guidelines Crypto License Hong Kong security regulator to issue crypto license guidelines in May

The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month.

27.04 / 05:49

regulation Banks Central Bank banking Silicon Valley Silvergate regulatory Cameron Winklevoss claims regulatory double standards over banking crisis

Cameron Winklevoss, the co-founder, and CEO of New York-headquartered crypto exchange Gemini, has accused U.S. regulators of perpetrating double standards in handling the First Republic Bank crisis.

27.04 / 02:29

regulation Congress banking us house committee Financial US House Financial Committee Republicans look for records to show crypto debanking

Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier.

26.04 / 20:45

Stablecoin regulation Digital Asset Bahamas securities watchdog presents comprehensive new draft digital assets act

The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.

26.04 / 20:45

Government Law Stablecoin regulation Trading regulatory South Korea’s sweeping crypto bill passes first regulatory hurdles

South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.

26.04 / 19:05

Binance regulation Action Gap Strategy Kraken BitStamp Court Orders Crypto Exchanges to Aid in Investigation of Collapsed Globix Trader

A court in the British Overseas Territory of Gibraltar has ordered several crypto exchanges to assist in the investigation of the collapsed crypto trading firm Globix.

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