65 / 82 Relevant items tagged with #Regulation
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EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions
[Mar 29, 2023 8:00 PM] EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional…
FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin Gruenberg
[Mar 29, 2023 3:00 PM] The Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations
[Mar 29, 2023 2:00 PM] On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the…
Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report
[Mar 29, 2023 12:53 PM] The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.
Texas Senate Committee Hears Testimony On Bill That Would Ban Certain Energy Arrangements With Bitcoin Miners
[Mar 29, 2023 12:51 PM] Pierre Rochard, VP of research at Riot Platforms testified yesterday that Bitcoin is a net positive for the state.The Senate Committee on Business and Commerce heard testimony in regards to a Texas bill that would prohibit flexible load agreements…
The Short-Sightedness of Run-Amok Regulators
[Mar 29, 2023 10:44 AM] Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.
US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
[Mar 29, 2023 10:04 AM] Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.
The EU’s Smart Contract ‘Kill Switch’ Mandate Won't Kill Crypto
[Mar 29, 2023 8:19 AM]
Report: Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice
[Mar 29, 2023 5:30 AM] According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said…
Australian senator introduces private bill to expedite crypto regulation
[Mar 29, 2023 3:53 AM] Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.
Binance CEO CZ Responds to US Regulator’s Charges
Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses
Canada to Ask Pension Funds to Disclose Crypto Exposure
[Mar 28, 2023 3:50 PM] The budget for 2023 also includes that OSFI will consult federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets.
Chicago-Based Radix Trading Is One of Three Quant Firms in Binance Suit: WSJ
[Mar 28, 2023 1:44 PM] The CFTC's lawsuit against Binance and CEO Changpeng Zhao noted at least three U.S.-based quantitative firms that were active on the exchange.
Former CFTC Chairman: Regulator's Lawsuit Against Binance 'Is a Big Deal'
[Mar 28, 2023 12:47 PM] “This is a big deal,” Timothy Massad told CoinDesk TV’s “First Mover” regarding the agency’s action against the largest crypto exchange in the world.
How Bad Is the Binance Suit?
[Mar 28, 2023 11:13 AM]
CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein
[Mar 28, 2023 1:43 AM] The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
Macro Is Back to Moving the Digital Asset Markets
[Mar 27, 2023 3:01 PM]
Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations
[Mar 27, 2023 1:56 PM] The CFTC lawsuit details how the firm allegedly offered unregistered commodity derivatives to American customers.The Commodity Futures Trading Commision has sued Binance, the world’s largest cryptocurrency exchange by volume, and its CEO Changpeng…
Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’
[Mar 27, 2023 1:28 PM] If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit
[Mar 27, 2023 9:38 AM] Shares of rival crypto exchange Coinbase fell by the most since Wednesday.
G-7 Will Push for Tighter Global Crypto Regulations: Kyodo
[Mar 27, 2023 5:13 AM] Discussions on a global framework will speed up ahead of a May meeting of finance ministers and central bankers.
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
[Mar 26, 2023 10:30 PM] Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of…
US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
[Mar 26, 2023 8:30 PM] U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to…
US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters
[Mar 26, 2023 6:30 PM] A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as…
Where the U.S. Government Went Wrong in Regulating Crypto
[Mar 26, 2023 4:45 AM] Former public policy attorney Keiko Yoshino writes about why she started paying attention to crypto, particularly the regulatory missteps.
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
[Mar 24, 2023 9:30 PM] Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union…