34 / 82 Relevant items tagged with #Regulation
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China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update
[Jan 31 6:00 PM] As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first since 2007, aims to plug the…
Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
[Jan 31 2:00 AM] A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different…
US Representative French Hill Optimistic on Progress of Crypto Legislation
[Jan 30 6:30 PM] During a panel discussion at the recent Foundation for Defense of Democracies event, Arkansas Republican French Hill shared a positive update on the trajectory of the Financial Innovation and Technology for the 21st Century Act and the Clarity for…
Argentine Government Drops Crypto Legalizing Opportunity From Omnibus Bill
[Jan 30 2:30 PM] The Argentine government, presided by Javier Milei, has resolved to drop the tax opportunities for crypto in the omnibus bill presented to Congress. The bill allowed taxpayers to declare the ownership of some previously undeclared assets, with…
New Zealand Police Seize Residential Property and Cash Owned by Fugitive Former Luxembourg Spy and Onecoin Adviser
[Jan 30 5:00 AM] A residential property in Wellington, New Zealand and more than $282,000 belonging to an adviser of Onecoin mastermind Ruja Ignatova was recently seized by the police. Detective Inspector Christiaan Barnard said his organization has no reason to…
Hong Kong’s SFC Issues Warning on Floki’s ‘Highly Risky’ Staking Programs
Hong Kong to Strenghten OTC Crypto Market Regulation
[Jan 29 11:30 AM] Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks…
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
[Jan 29 5:30 AM] A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a…
AI Hype: CFTC Urges Investors to be Wary of AI-Created Crypto-Asset Arbitrage Algorithms
[Jan 28 2:30 AM] The Commodities Futures Trading Commission has urged investors to be wary of artificial intelligence-created algorithms which promise dubious returns on crypto asset investments. The commission said investors should conduct background research on…
SEC Crypto Enforcement Reached New High in 2023
[Jan 27 10:30 PM] U.S. Securities and Exchange Commission (SEC) crypto enforcement skyrocketed in 2023, with more than a 50% increase in crypto-related enforcement actions compared to 2022, according to a new report. The securities regulator “continues to view…
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
[Jan 27 4:30 AM] The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the…
SEC Delays Spot Ethereum ETF Decisions
[Jan 26 8:00 PM] The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world’s largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its…
South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’
[Jan 25 10:00 PM] The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applicants in the coming weeks. The watchdog stated that from the more than 100…
Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
Crypto Lender Abra to Return Assets to Texas Investors
[Jan 25 2:30 PM] Following regulatory scrutiny, crypto lender Abra has agreed to a settlement. The settlement, which focuses on Abra’s alleged unregistered securities offerings, will see the company returning assets to Texan investors. Abra Agrees to Refund…
Crypto for Advisors: Unlocking Crypto Custody
[Jan 25 10:22 AM] As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
[Jan 24 11:30 PM] Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23…
Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA
[Jan 24 10:45 AM] From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different.
Report: US Crypto Startup Seeks to Launch an Interest-Bearing Stablecoin
[Jan 24 6:30 AM] A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such…
Crypto Lender Nexo Seeking $3B in Damages From Bulgaria
[Jan 24 5:32 AM] Nexo has accused the country of making "wrongful and politically motivated actions...involving unjustified and oppressive criminal investigations."
Maxine Waters Questions Meta’s Digital Asset Ambitions
Bailing DeSantis May Leave Deafening Crypto Silence in 2024 Presidential Race
[Jan 22 12:57 PM] Florida Governor Ron DeSantis may not have been a crypto authority, but he embraced digital assets as a political tool and ensured his influential state made moves to support the industry while he still had his eyes on the White House. His absence…
Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive
[Jan 22 1:00 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is…
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC
[Jan 20 9:00 PM] Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer options on its spot bitcoin exchange-traded fund (ETF). The SEC has opened a comment period for a proposed rule…
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership
Thai Securities and Exchange Commission Lifts Restrictions on Digital Asset Investments
[Jan 19 4:30 AM] Thailand’s securities regulator has removed investment restrictions on retail investors who invest in real estate-based digital tokens. The Thai Securities and Exchange Commission (SEC) said digital asset entities that want to diversify to…
Circle CEO Jeremy Allaire at Davos Tokenization Panel: ‘It’s Coming on in a Significant Way’
[Jan 19 2:30 AM] Jeremy Allaire, CEO of Circle, the stablecoin company, stated that tokenization adoption will keep growing after the spot Bitcoin ETF approval and the endorsement of Blackrock. He believes that financial companies might be issuing tokenized…