4 / 11 Relevant items tagged with #CryptoRegulation

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Nigeria’s tax watchdog proposes comprehensive crypto

[Aug 18 11:19 AM] The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset.

Coinbase, KuCoin, others file crypto license applications in Turkey

[Aug 18 8:09 AM] As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.

Coinshares Weighs Trump and Harris’ Impact on Bitcoin Ahead of 2024 Election

[Aug 14 8:30 PM] In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala…

New York regulator hunts crypto and AI specialist for policy unit

[Aug 13 10:54 AM] The NYDFS is recruiting a policy specialist to address key crypto, DeFi, and AI issues within financial services.

Coinbase finds flawed analysis in SEC's proposed exchange definition

[Aug 12 9:32 PM] In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again.

Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded

[Aug 12 7:05 PM] Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agency’s $2 billion claim.

Ripple vs. SEC: ‘Victory,’ or another chapter in the legal battle?

[Aug 12 12:53 PM] Some lawyers question whether the latest court decision in the Ripple case should be regarded as a victory over the SEC.

Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance

[Aug 8 9:30 PM] The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known…

French regulator accepting CASP applications ahead of MiCA rollout

[Aug 2 9:32 PM] The AMF is giving firms registered under its current DASP rules ample time to transition, too.

SEC backs down on claiming SOL, ADA, MATIC and other tokens are securities in Binance suit

[Jul 30 7:29 AM] The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, Polygon and others as securities.

Why Biden’s exit from the elections briefly pushed Bitcoin price to $68K

[Jul 24 7:53 AM] Biden’s exit from the presidential race helped Bitcoin recover, but analysts expect the decision to cause more uncertainty in the crypto market.

Australian stablecoin startup Stables expands to Europe

[Jul 21 5:35 PM] Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream.

Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience

[Jul 21 10:30 AM] While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues…

WazirX breach post-mortem: Dismantling the $230M attack

[Jul 19 3:28 AM] The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.

Greek gov't to impose crypto taxes starting 2025

[Jul 18 6:58 AM] Currently gains on crypto profits are going untaxed and unrecognized by the Greek government - but not for long as regulators are seeking new taxes on the industry early next year.

South Korea’s ruling party proposes to delay crypto tax to 2028

[Jul 15 2:37 AM] If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

[Jul 14 5:17 PM] Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to…

Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities

[Jul 13 6:16 AM] By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets.

Ripple vs. SEC: Ripple’s landmark victory one year later

[Jul 13 3:28 AM] While challenges remain, Ripple's victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.

UK Law Commission sees no need for DAO-specific legal entity

[Jul 12 1:53 AM] The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

[Jul 11 8:54 AM] The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year…

Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

[Jul 10 12:21 PM] In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets…

Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded

[Jul 8 1:05 PM] The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor.

Taiwan Mobile receives VASP license, entry to crypto market

[Jul 5 3:28 PM] Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it.

South Africa Approves 63 Crypto Asset Service Provider License Applications

[Jul 4 5:20 AM] South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383…

Basel Committee finalizes crypto exposure rules for banks

[Jul 3 3:40 PM] The committee is unveiling the standards later in July, culminating a yearslong process.

South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations

[Jul 3 3:15 PM] The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under…

Crypto losses reach $1.19B in H1 2024: CertiK calls for better security

[Jul 3 7:00 AM] The CertiK report shows that phishing attacks led to nearly $498 million in losses, emphasizing the urgent need for enhanced security measures like 2FA.

Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

[Jul 1 8:30 PM] Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European…

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review

[Jun 30 11:17 AM] Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the…