78 / 92 Relevant items tagged with #Regulation
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US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
[Mar 2, 2023 3:41 PM] A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults.
Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing
[Mar 2, 2023 12:15 PM] A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for March.
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
[Mar 1, 2023 9:00 AM] Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…
Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies
[Mar 1, 2023 6:30 AM] The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an…
Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading
[Feb 28, 2023 5:30 PM] Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated…
Derivatives data highlights crypto traders’ positive sentiment and belief in further upside
[Feb 28, 2023 1:06 PM] A 5.5% weekly decline in the total crypto market capitalization might have sucked the wind out of some altcoins, but it has done little to alter traders' bullish point-of-view.
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor
[Feb 27, 2023 9:30 PM] The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the…
SEC Chairman Explains Why He Views All Crypto Tokens Other Than Bitcoin as Securities
[Feb 27, 2023 7:00 PM] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that “at the…
Bitcoin bulls remain in charge even in the face of increasing regulatory FUD
[Feb 27, 2023 2:30 PM] BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.
Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
[Feb 26, 2023 2:00 AM] The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability…
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option
IMF Board Offers Guidance for Developing Effective Crypto Policies
[Feb 24, 2023 10:00 PM] The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the…
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
[Feb 24, 2023 8:00 PM] U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services…
Sam Bankman-Fried's lawyers request extension for bail condition proposal
[Feb 24, 2023 4:05 PM] According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert.
Crypto Policy: Kenyan Senate Ready to Engage Central Bank
FATF agrees on roadmap for implementation of crypto standards
[Feb 24, 2023 11:00 AM] Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K
[Feb 24, 2023 6:00 AM] This week regulators joined hands to highlight the crypto sector’s inherent risk, but pro traders fought back by adding leverage to their long positions.
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case
[Feb 23, 2023 9:15 AM] Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4…
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
[Feb 23, 2023 9:06 AM] The indictment against the former FTX CEO included an additional charge for conspiracy to commit bank fraud and details on his alleged unlawful political contributions.
Stablecoins Market Cap Continues To Slump – Here’s Why
[Feb 23, 2023 8:37 AM] Stablecoins are cryptocurrencies built to withstand the market’s volatility as it is backed by a specific asset. In the case of most stablecoins, the US dollar backs the cryptocurrency, pegging the coin’s value to one USD. Investors use stablecoins…
New York Attorney General Sues Crypto Exchange Coinex — Claims Trading Platform Offers Unregistered Securities
Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness Campaign
[Feb 22, 2023 9:30 PM] Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people…
Rep. Maxine Waters says all US regulators 'better get together on crypto'
[Feb 22, 2023 3:30 PM] According to Representative Maxine Waters, the crypto market crash and bankruptcies gave U.S. lawmakers an opportunity of “getting accountability” in the space through legislation.
FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto
[Feb 22, 2023 12:15 PM] In an objection to Voyager’s proposed restructuring plan, the commission argued some of the involved parties should not be exempt from certain financial claims in the future.
US lawmaker introduces bill aimed at limiting Fed's authority on digital dollar
[Feb 22, 2023 10:15 AM] If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone”, as well as bar the bank from implementing monetary policy based on a CBDC.