87 / 92 Relevant items tagged with #Regulation
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US Financial Stability Oversight Council urges congressional action on crypto
[Dec 16, 2022 3:00 PM] According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
Basel Committee Finalizes Policy Suggesting 2% Bitcoin Exposure Cap For Banks
[Dec 16, 2022 2:36 PM] The BIS’ Basel Committee introduced a finalized proposal for limits to the amount of Tier 1 capital banks can hold in bitcoin.The Bank for International Settlements' (BIS) Basel Committee on Banking Supervision has finalized a proposed policy that…
FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
[Dec 16, 2022 11:00 AM] According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
[Dec 16, 2022 6:30 AM] San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the…
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
[Dec 15, 2022 8:30 PM] The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the…
US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users
Dutch central bank says KuCoin is not licensed and 'illegally offering services'
[Dec 15, 2022 4:10 PM] "This may increase the risk of customers becoming involved in money laundering or terrorist financing," says De Nederlandsche Bank.
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
[Dec 15, 2022 12:31 PM] The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people.
Time for Serious Global Crypto Regulation, Germany Says
[Dec 15, 2022 6:30 AM] Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector…
FCA’s incoming chair calls for further crypto regulation
[Dec 15, 2022 3:35 AM] The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023.
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
[Dec 14, 2022 3:57 PM] Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Here is why Bitcoin price gave back all its intraday gains
[Dec 14, 2022 3:08 PM] BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike.
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
[Dec 14, 2022 2:15 PM] "Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat T
Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill
[Dec 14, 2022 10:32 AM] U.S. Senators have introduced a bill that would have a direct impact on the categorization and regulation of bitcoin miners, wallets and nodes.Senators Elizabeth Warren (D-Mass) and Senator Roger Marshall (R-Kan) have introduced the “Digital Asset…
Russia Cracking Down on Crypto Miners Minting in Residential Areas
[Dec 14, 2022 6:30 AM] Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to…
US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures
'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment
[Dec 13, 2022 2:58 PM] Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests.
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity'
[Dec 13, 2022 11:48 AM] Some members of the U.S. House of Representatives questioned whether Sam Bankman-Fried’s actions at FTX and Alameda may have been willful or due to gross incompetence.
'Old money has all but fled,' Huobi co-founder discusses challenges of running $400M VC fund
[Dec 13, 2022 9:48 AM] Jun launched the fund amidst the bear market this year and continues to invest in Web 3.0 companies.
CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud
[Dec 13, 2022 8:59 AM] According to the federal regulator, SBF and FTX companies "used FTX customer funds for a variety of personal expenditures" including real estate and private jets.
Fugitive Do Kwon Now Staying in Serbia Report Says — Terraform Labs CEO Suggests SBF Is to Blame for UST Depeg
[Dec 12, 2022 4:30 PM] A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently staying in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam…
FTX was an 'utter failure of corporate controls at every level of an organization', says new CEO
[Dec 12, 2022 4:05 PM] Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report
[Dec 12, 2022 11:30 AM] During Eric Adams’ time in office, the NY state government passed a law which will implement a two-year moratorium on proof-of-work mining, and the crypto market turned bearish.
Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says
[Dec 11, 2022 12:30 AM] Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…
FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
[Dec 10, 2022 1:30 AM] The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert…
Data shows the Bitcoin mining bear market has a ways to go
[Dec 9, 2022 4:30 PM] The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.
Who’s expected to testify before Congressional hearings on FTX?
[Dec 9, 2022 3:30 PM] FTX CEO John Ray, actor Ben McKenzie and law professor Hilary Allen have been confirmed, while SBF, Kevin O'Leary, and Alameda CEO Caroline Ellison could still testify.