72 / 82 Relevant items tagged with #Policy

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Core Scientific Hopes to Emerge from Bankruptcy by September, Lawyers Say

[May 22, 2023 4:55 PM] Core Scientific should “trim” its restructuring timeline by “at least [one] month,” the federal judge overseeing the crypto miner's bankruptcy said during a Monday hearing as creditors called for the insolvent crypto miner to fast-track its plans�

Crypto Lender BlockFi Shared Unapproved Reorganization Plan 'Prematurely,' Court Says

[May 22, 2023 6:27 AM] The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court.

UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say

[May 22, 2023 3:44 AM] Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.

Malaysia Says Crypto Exchange Huobi Global Isn't Registered, Must Cease Operations

[May 22, 2023 2:31 AM] The country's regulator told CEO Leon Li to ensure the website and mobile apps are disabled.

U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

[May 19, 2023 1:39 PM] An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday.

Coinbase Praises Canada’s Crypto Approach as U.S. Regulatory Pressure Intensifies

[May 19, 2023 7:15 AM]

NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

[May 18, 2023 7:41 PM] Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of…

Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees

[May 18, 2023 2:02 PM] Brooklyn-based crypto trading platform Coin Cafe is paying back $4.3 million to defrauded investors, according to a Thursday statement from the New York Attorney General’s office, which accused the company of misleading customers about “exorbitant…

Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular

[May 18, 2023 11:25 AM] Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

[May 18, 2023 10:45 AM] U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services…

Where the SEC’s Proposed Custody Rule Comes Up Short for Crypto

[May 18, 2023 9:17 AM] Financial advisors looking for clarity on crypto and digital assets from the SEC’s proposed changes to Custody Rule 206(4)-2 won’t get everything they want.

Ripple Starts Platform for Central Banks to Issue Their CBDCs

[May 18, 2023 4:00 AM] The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says

[May 18, 2023 3:52 AM] President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.

U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy

[May 18, 2023 2:09 AM] A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.

UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath

[May 18, 2023 1:00 AM] The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.

Filecoin Price Drops After SEC Asks Grayscale to Withdraw Application to Make Trust Reporting

[May 17, 2023 2:35 PM] The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to launch a Filecoin Trust product, the company revealed Wednesday.

Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets

[May 17, 2023 11:30 AM] The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion.

Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say

[May 17, 2023 8:30 AM] The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions.

Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI

[May 17, 2023 4:36 AM] India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.

China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes

[May 17, 2023 3:21 AM] NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.

Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says

[May 17, 2023 1:21 AM] 100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

[May 17, 2023 1:16 AM] Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says

[May 16, 2023 5:01 PM] The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency

UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling

[May 16, 2023 5:01 PM] The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities.

SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules

[May 16, 2023 4:25 PM] The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether.

EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off

[May 16, 2023 2:28 AM] The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.

Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says

[May 16, 2023 12:48 AM] The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry late Monday.

U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network

[May 15, 2023 1:14 PM] Criminal extortion charges against Steven Nerayoff, an early adviser to the Ethereum network, were dismissed by a New York judge on May 5, ending a three-and-a-half year legal battle that included explosive allegations he made against U.S…

BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says

[May 15, 2023 8:07 AM] The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say.

South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers

[May 15, 2023 7:20 AM] Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy.