What Reddit’s IPO Filing Says About Crypto Regulation
[Feb 23 2:40 PM]
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Argentina to Regulate Cryptocurrency Exchanges With Executive Order
[Feb 22 6:30 PM] The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray list, putting crypto…
Beyond Bitcoin: Ripple CEO Says Approval of Multiple Crypto ETFs ‘Inevitable’ — Embraces Idea of Spot XRP ETF
Charles Hoskinson Signals Alert of Legacy Finance’s Creeping Influence in Crypto
[Feb 21 5:00 AM] In a video address, Charles Hoskinson casts a spotlight on the advance of traditional financial mechanisms into the realm of cryptocurrency, warning that the essence of digital currencies is at stake. Charles Hoskinson Warns of Crypto’s…
Major Party in South Korea Proposes to Defer Cryptocurrency Taxation
[Feb 21 1:00 AM] The People Power Party, a major political party in South Korea, has proposed to defer cryptocurrency taxation for up to two years as part of a general election pledge. The Korean government has already postponed establishing cryptocurrency taxation…
Blockchain Basics Act Introduced in Ohio, South Carolina, and Mississippi
[Feb 19 6:30 AM] The Blockchain Basics Act, a series of regulations aimed at safeguarding people’s cryptocurrency rights at a state level, has been introduced in three more U.S. states: Ohio, South Carolina, and Mississippi. With this move, similar…
Peter Schiff Warns SEC Could Change Definition of ‘Security’ — Expects Lots of Investors to Be Retroactively Fined
Peter Brandt Warns Against Trusting SEC Chair Gary Gensler — Says He Has Long History of Not Protecting Investors
[Feb 17 4:30 PM] Veteran trader Peter Brandt has warned that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler should not be trusted. He stressed that Gensler “has a long history of not looking out for the interests of investors.”…
Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’
Deutsche Börse Group’s Crypto Subsidiary Granted Four Licenses by the German Regulator
[Feb 15 6:30 AM] A subsidiary of the German multinational company Deutsche Börse Group has been granted four licenses by the German Federal Financial Supervisory Authority or Bafin. The licensing of the subsidiary helps to distinguish its product offering “as…
South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
SEC Chair Gary Gensler Outlines ‘Very Real Economic Difference’ Between Bitcoin and US Dollar
SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation
[Feb 12 9:30 PM] The U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules…
US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
[Feb 7 9:30 PM] Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital…
SEC Delays Decision on Invesco and Galaxy Digital’s Spot Ether ETF
[Feb 7 5:30 PM] The United States Securities and Exchange Commission (SEC) has delayed its ruling on the Invesco Galaxy ether exchange-traded fund (ETF), and has now been pushed to potentially July 2024 after opening the proposal to public comments. Invesco and…
DeFi Shouldn't Have to Worry About the SEC’s Expanded Broker Rule
[Feb 7 2:59 PM]
Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
[Feb 7 12:30 AM] Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent…
US and UK Financial Regulators Discuss Effective Crypto Oversight
[Feb 6 11:00 PM] The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets. US-UK Financial…
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe
[Feb 6 12:32 PM] The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.
Hong Kong Securities Regulator Issues Warning to Unlicensed Virtual Asset Trading Platforms
[Feb 6 5:30 AM] The region’s securities regulator has said that Hong Kong crypto investors must only use or trade on approved virtual asset trading platforms. The regulator urged crypto investors using platforms not featured on its two lists to close…
Janet Yellen Calls for Crypto Regulation in Congressional Testimony, Citing Financial System Risks
[Feb 6 2:00 AM] Treasury Secretary Janet Yellen, in her forthcoming appearance before the House Financial Services Committee, is set to emphasize the potential dangers the cryptocurrency industry presents to financial stability, advocating for legislative action…
Blockchain Basics Act Reaches Tennessee, 16 Legislatures Working on Similar Bills
[Feb 5 6:30 AM] The Blockchain Basics Act, a bill that seeks to secure the rights of state citizens regarding cryptocurrency ownership, self-custody, and mining, has reached Tennessee. The bill, supported by the Satoshi Action Fund, was introduced to the State…
Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures
[Feb 5 1:30 AM] The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is…
DOJ Charges Belarusian National With Money Laundering Conspiracy and Operating Unlicensed Crypto Exchange
[Feb 4 6:30 AM] The United States Department of Justice (DOJ) has charged the Belarus national Aliaksandr Klimenka with money laundering conspiracy and the operation of an unlicensed money services business. Most of these criminal activities were perpetrated via…
DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX
[Feb 3 11:30 PM] The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam…
El Salvador Stands Firm on Bitcoin, Defying IMF’s Renewed Call to Drop BTC as Legal Tender
[Feb 3 5:30 PM] El Salvador has reaffirmed its commitment to embracing bitcoin despite the International Monetary Fund’s repeated calls for the country to drop the cryptocurrency as legal tender. The Salvadoran vice president emphasized that not only will…
EU Regulator Proposes Stricter Rules for Foreign Crypto Firms
[Feb 2 8:30 PM] The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has proposed stricter rules for crypto firms based outside the EU, limiting their ability to directly serve customers within the bloc to ensure fair…
House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
[Feb 2 12:30 AM] Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule…
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg
[Feb 1 11:05 AM] The largest crypto exchange in the world stopped offering its services to U.K. customers in October after it failed to comply with a rule change made by regulators last year.