39 / 82 Relevant items tagged with #Policy

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Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment

[Dec 14, 2023 4:09 AM] The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.

Crypto Exchange CoinList Settles OFAC's Russian Sanctions Allegations for $1.2M

[Dec 14, 2023 3:49 AM] CoinList did not detect users who claimed to be from non-embargoed countries, but provided addresses in Crimea, OFAC said.

In Search of the Elusive Crypto Voter

[Dec 14, 2023 12:30 AM] On Monday, a New Hampshire state representative asked a mostly-filled room at an industry campaign event to raise their hands if they were visiting from another state. More than half the people in the room raised their hands. These visitors had…

FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries

[Dec 13, 2023 6:44 PM] A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypto firm's estate.

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

[Dec 13, 2023 4:33 PM]

Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads

[Dec 13, 2023 4:27 PM] U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, is arguably the most important lawmaker currently standing in the way of a crypto regulation bill, and industry interests have paid for a new campaign in his own back…

U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application

[Dec 13, 2023 3:02 PM] The Commodity Futures Trading Commission granted crypto derivatives company Bitnomial approval to register as a derivatives clearing organization in the U.S., letting it settle margined futures and options contracts.

FASB Confirms 'Fair Value' Approach for Corporate Crypto Holdings

[Dec 13, 2023 10:25 AM] The Financial Accounting Standards Board, a U.S. entity that details how companies should report assets on their balance sheet, published a standards update on Wednesday that will let corporations recognize "fair value" changes in crypto holdings.

S&P Faults Biggest Stablecoin, Tether's USDT, as It Debuts New Industry Ranking

[Dec 13, 2023 9:58 AM] USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms

[Dec 13, 2023 9:28 AM] This week, two of the country’s largest banks announced crypto initiatives.

Three Arrows Co-Founder Su Zhu Faces Questioning in Singapore Court in Hunt for Assets: Bloomberg

[Dec 13, 2023 5:29 AM] Zhu is expected to be released from jail this month for good behavior, Bloomberg reported.

SEC Hasn't Met Legal Requirements to Sue, Binance Says in Latest Bid to Dismiss Lawsuit

[Dec 12, 2023 9:29 PM] Binance, Binance.US and Changpeng Zhao argued that the U.S. Securities and Exchange Commission did not meet the requirements of the "Howey Test" in its suit against the two companies and their founder in a new filing Tuesday.

U.S. Presidential Candidates Chat About Crypto, Target Federal Regulators

[Dec 12, 2023 11:20 AM] The three aspiring presidents touched on many of the same pro-crypto points at a Coinbase-linked crypto advocacy event.

Binance P2P Trading Platform Halts Ruble Support Following Russia Exit

[Dec 12, 2023 9:41 AM] Customers are free to withdraw or transfer funds and continue trading with Binance Russia's new owner CommEX, the company said Monday.

Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity

[Dec 12, 2023 8:52 AM] Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards.

KuCoin to Pay $22M, Exit New York to Settle State Suit

[Dec 12, 2023 8:42 AM] The exchange will pay $5.3 million to the attorney general's office and refund New York customers $16.77 million.

FTX Disputes IRS's 'Alice in Wonderland' Tax Claim

[Dec 12, 2023 7:03 AM] The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.

China to Verify Citizens' Identities With New Blockchain-Based Platform

[Dec 12, 2023 12:00 AM] The announcement follows a government rule change to require social media influencers to display their real names.

FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says

[Dec 11, 2023 12:01 PM] Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.

Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says

[Dec 11, 2023 10:34 AM] The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.

South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users

[Dec 11, 2023 10:33 AM] The rules are scheduled to take affect on July 19 next year.

Google updates policy to allow ads for US crypto trusts

[Dec 10, 2023 11:36 PM] Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.

U.S., South Korea, Japan Discuss North Korean Crypto Thefts in Trilateral Meeting

[Dec 8, 2023 11:01 PM] National security officials with the U.S., South Korean and Japanese governments discussed North Korea's crypto thefts and other efforts to work on its nuclear and ballistic missile programs, the White House announced Friday night.

Crypto Provisions Dropped From 2023 U.S. Defense Bill

[Dec 8, 2023 4:31 PM] The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.

Bipartisan Anti-Crypto Terror Financing Bill Heads to U.S. Senate

[Dec 8, 2023 3:05 AM] Legislation will crack down on terrorist organizations like Hamas by applying sanctions to foreign parties that facilitate financial transactions with terrorists.

Binance Founder Changpeng 'CZ' Zhao Stuck in U.S. Until Sentencing

[Dec 7, 2023 7:47 PM] Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday.

Basel Committee Seeks to Consult on Stablecoins Risk Treatment

[Dec 7, 2023 12:41 PM] Regulators have been looking to regulate crypto and mitigate against the risks posed by banks exposure to crypto.

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

[Dec 7, 2023 11:33 AM] The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Asset Tokenization on Blockchains Could Increase Systemic Risks: BOE

[Dec 7, 2023 11:19 AM] Banks are becoming more positive about using crypto technologies for the tokenization of money and assets, the BoE said in its bi-annual report.

Craig Wright's Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules

[Dec 7, 2023 9:59 AM] The hearing, scheduled to take 15 days, will also seek to determine whether the hack occurred.