82 / 82 Relevant items tagged with #Regulation

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Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

[Nov 13, 2022 3:00 PM] The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will…

Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange

[Nov 13, 2022 1:30 AM] India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the…

US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation

[Nov 12, 2022 11:30 PM] U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation and…

Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud

[Nov 12, 2022 9:30 PM] Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons…

Japanese Regulator Slaps FTX Japan With Business Suspension Order

[Nov 11, 2022 11:30 PM] Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business…

White House, US Senators Call for Proper Crypto Oversight

[Nov 11, 2022 9:30 PM] The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday…

SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’

[Nov 11, 2022 7:30 PM] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam…

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report

[Nov 11, 2022 11:00 AM] FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States.

California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’

[Nov 11, 2022 8:00 AM] After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published…

Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator

[Nov 11, 2022 6:15 AM] The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and…

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

[Nov 11, 2022 4:30 AM] The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing…

US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’

[Nov 10, 2022 9:00 PM] U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the law to protect consumers…

SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds

[Nov 10, 2022 5:00 PM] The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory…

White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX

[Nov 10, 2022 3:50 PM] According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.

FTX US resigns from the Crypto Council for Innovation

[Nov 10, 2022 2:45 PM] “The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.

Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

[Nov 10, 2022 1:30 PM] Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter.

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

[Nov 10, 2022 11:16 AM] “FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

Japan’s financial regulator requests FTX Japan halt operations

[Nov 10, 2022 10:10 AM] Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

[Nov 10, 2022 2:30 AM] Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to…

MiCA proponent cites FTX in advocating for regulation: 'Crypto assets are not play money'

[Nov 9, 2022 3:50 PM] "With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger.

Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

[Nov 9, 2022 1:34 PM] Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided.

US Investigating FTX Empire Over Handling Of Customer Funds: Report

[Nov 9, 2022 11:13 AM] US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations…

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

[Nov 9, 2022 10:45 AM] “People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.

Blockchain.com successfully secures registration in the Cayman Islands

[Aug 2, 2022 12:17 PM] Blockchain.com, the provider of crypto solutions for traders, funds, allocators, VCs, and crypto operators, announced today that it has secured registration in the Cayman Islands. The company can now provide regulated custodial services, operate an…