63 / 82 Relevant items tagged with #Regulation

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FTX has recovered $7.3B in assets, will consider rebooting exchange

[Apr 12, 2023 12:06 PM] Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings.

Swiss court gives green light for FTX to sell its European arm

[Apr 12, 2023 11:30 AM] The approval of a petition in Switzerland allowing FTX Europe AG's sale would be in accordance with U.S. bankruptcy court, where FTX's global business filed for Chapter 11.

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

[Apr 11, 2023 10:00 PM] India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.”…

Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed

[Apr 11, 2023 2:37 PM] “The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework," said AG Bridget Hill.

IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

[Apr 11, 2023 11:00 AM] According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai.

Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities

[Apr 10, 2023 9:30 PM] The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if…

'Don't Mess with Texas Innovation' — Advocates criticize bill removing crypto mining incentives

[Apr 10, 2023 10:00 AM] Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners.

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

[Apr 9, 2023 3:30 AM] Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient

[Apr 7, 2023 8:30 PM] A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important…

Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

[Apr 7, 2023 6:30 PM] Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned…

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

[Apr 7, 2023 3:00 PM] According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the…

Arkansas House And Senate Pass Bill Protecting Right To Mine Bitcoin, Goes To Governor For Approval

[Apr 7, 2023 1:11 PM] Arkansas has taken the next step to approve a bill that protects the right to mine Bitcoin, which now heads to the governor’s office.The Arkansas State House has passed a bill aimed at regulating the Bitcoin mining industry in the state. Already…

Thai political party looking at PM race promises $300 in crypto upon victory: Report

[Apr 7, 2023 10:06 AM] The country’s next general election will be held on May 14, at which time all 500 seats in Thailand’s House of Representatives will be up for grabs.

Thanks Sam! How FTX Led to World’s Worst Crypto Policy

[Apr 7, 2023 9:00 AM] Washington’s “war in crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

[Apr 6, 2023 7:30 PM] Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen…

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

[Apr 6, 2023 5:30 PM] Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the…

North Carolina County’s Push To Halt Bitcoin Mining Another Blow To Industry Rattled By Regulation

[Apr 6, 2023 2:00 PM] Buncombe County's plan to halt bitcoin mining for a year would be the latest setback for an industry facing regulatory pressures.Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency…

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

[Apr 6, 2023 1:30 PM] The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to…

US state regulators announce $10M settlement with Robinhood ‘for failing investors’

[Apr 6, 2023 1:00 PM] The investigation looked into complaints of Robinhood’s system outages that caused users to miss out on trades while many of its services were unavailable.

Ripple's Effect on Financial Advisors

[Apr 6, 2023 10:01 AM] Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities.

North Korea and criminals are using DeFi services for money laundering — US Treasury

[Apr 6, 2023 9:12 AM] Despite the warnings on DeFi, the Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem.

Indian Government Answers Questions About Crypto Legalization, Fraud Prevention

[Apr 5, 2023 9:30 PM] The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto…

Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto

[Apr 5, 2023 7:30 PM] Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment…

'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head

[Apr 5, 2023 3:48 PM] The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’.

US Bitcoin Corp Reaches Tentative Settlement With City Of Niagara Falls To Restart Operations

[Apr 5, 2023 12:28 PM] US Bitcoin Corp tentatively settles with Niagara Falls to restart mining ops, must comply with noise reduction, permits and fees.US Bitcoin Corp, a bitcoin mining company which has been operating a mining facility in the City of Niagara Falls, has…

Crypto firms needs to be 'supervisable', says ECB board member

[Apr 5, 2023 11:04 AM] "We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world," said Elizabeth McCaul.

U.S. Bitcoin Corp. Expected to Settle With City to Resume Mining in Niagara Falls

[Apr 5, 2023 9:16 AM] The firm is currently trying to complete a merger with Canadian Hut 8 Mining.

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

[Apr 5, 2023 2:30 AM] Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber…

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

[Apr 4, 2023 8:30 PM] The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly…

Texas Senate committee moves forward on bill removing incentives for crypto miners

[Apr 4, 2023 1:30 PM] Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas' energy grid would not receive an abatement on state taxes.