75 / 82 Relevant items tagged with #Policy

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'Opportunism and Demagoguery' Fuel the U.S. Regulatory Crackdown, Steptoe Partner Says

[Apr 28, 2023 3:30 PM] Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen.

Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say

[Apr 28, 2023 11:35 AM] "It's not good to put crypto all in the same basket and look at it in a vacuum," said Marianne Bechara, senior counsel at the IMF.

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

[Apr 28, 2023 11:00 AM] The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.

Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

[Apr 28, 2023 8:01 AM] The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.

Hamas' Military Wing to Stop Accepting Bitcoin Donations: Report

[Apr 28, 2023 5:19 AM] The Izz ad-Din al-Qassam Brigades reportedly said the move is to protect donors from harm.

ECB Probes Decentralized Settlement for Wholesale Financial Markets

[Apr 28, 2023 2:56 AM] Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

[Apr 28, 2023 1:54 AM] Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

Binance Official Says Crypto Exchange Has Ousted North Koreans

[Apr 27, 2023 1:36 PM] "They recognized Binance was not the place for them," said Tigran Gambaryan, head of financial crime compliance at Binance.

The Case for Regulating, Not Banning, Crypto

[Apr 27, 2023 12:34 PM]

SEC Is Alleging Legal Violations ‘On the Fly,' Coinbase Says

[Apr 27, 2023 12:27 PM] Crypto exchange Coinbase pushed back against the U.S. Securities and Exchange Commission Thursday, claiming the agency has not sufficiently supported its argument that the exchange listed securities in the U.S.

SEC Chairman Gensler Releases Another Video Dig at Crypto Industry

[Apr 27, 2023 11:25 AM] Securities and Exchange Commission Chairman Gary Gensler made an investor-education video arguing a systemic lack of compliance in the digital assets sector.

Bahamian Prime Minister Doesn’t Regret FTX

[Apr 27, 2023 11:17 AM] The Bahamas recently overhauled its crypto regulations and says its “open for business” for legitimate digital assets companies.

Reintroduced Congressional Bill Would Call for Feds to Study Terrorist Uses for Crypto

[Apr 27, 2023 8:00 AM] A bipartisan bill introduced simultaneously to the House and Senate would call for federal agencies to study the possible criminal uses for crypto, and provide a report with recommendations on how to address these concerns.

UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking

[Apr 27, 2023 7:45 AM] The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.

Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says

[Apr 27, 2023 4:42 AM] The EBA’s José Manuel Campa urged crypto players to start managing risks right away as new norms bed in.

UK Charities Offered Guidance for Accepting Crypto Donations

[Apr 27, 2023 2:16 AM] Nonprofits need to weigh up the risk of volatility and hacks, and follow money laundering norms, the Charity Commission said.

Ex-CFTC Head Says Regulators Can Engage With Crypto 'If They Have the Will to Do So'

[Apr 26, 2023 4:04 PM]

Franklin Templeton CEO: The Future of the Crypto Industry Is Regulated

[Apr 26, 2023 1:24 PM] At CoinDesk’s annual Consensus conference, CEO Jenny Johnson said cryptocurrencies like bitcoin were a “distraction” from the benefits of blockchain technology.

Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges

[Apr 26, 2023 11:03 AM] The U.S. Department of Justice last year charged three members of a Miami crew for participating in a crypto-related scheme from 2020.

Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

[Apr 26, 2023 10:05 AM] Creditors can expect to receive between 40 and 65% recoveries, ideally in crypto, a bankruptcy court heard

Former CFTC Chair Timothy Massad Among Witnesses for House Crypto Hearing

[Apr 26, 2023 10:00 AM] Titled, "The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation," the hearing will take place on Thursday afternoon.

Bittrex Global CEO Says Firm Will Fight SEC Charges, Did Not Serve U.S. Customers

[Apr 26, 2023 8:56 AM] The Securities and Exchange Commission has accused Bermuda-regulated Bittrex Global of failing to register as a securities exchange in a lawsuit targeting U.S.-based Bittrex Inc.

Don’t Cap Digital Euro Holdings, European Parliament Study Says

[Apr 26, 2023 8:03 AM] The paper turns on its head conventional wisdom that limits are needed to avoid supplanting the banking system

Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse

[Apr 26, 2023 4:55 AM] A bill published for comment includes restrictions on stablecoins, proof-of-work mining and crypto staking.

Former Coinbase Employee Seeks to Limit Jail Term to 10 Months in Insider-Trading Case

[Apr 26, 2023 1:47 AM] Ishan Wahi faces a sentencing hearing on May 9 after admitting he’d revealed details of forthcoming crypto listings to his brother.

NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access

[Apr 25, 2023 6:10 PM] Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.

Unpacking Policy Issues at Consensus 2023

[Apr 25, 2023 9:50 AM] We’ll hear discussions ranging from global regulatory policy around crypto to how industry and lawmakers alike are approaching the question of privacy and privacy tool usage in crypto at CoinDesk's Consensus 2023 conference.

UK FCA Wants to Work With the Crypto Industry to Develop Regulation, Executive Says

[Apr 25, 2023 9:21 AM] The U.K. is consulting on new rules for the crypto sector.

Europe ‘Ahead of the Game’ in Web3 After MiCA Law, U.S. House Finance Chair Says

[Apr 25, 2023 9:00 AM] Patrick McHenry is seeking to push his own stablecoin bill through Congress but faces Democrat skepticism