35 / 66 Relevant items tagged with #Regulations

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CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat

[Nov 15, 2023 10:11 AM] U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam.

Germany's Commerzbank Wins Crypto Custody License

[Nov 15, 2023 7:16 AM] It's the first German full-service bank to be granted the custody license, according to a statement.

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

[Nov 15, 2023 6:58 AM] The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

[Nov 15, 2023 4:43 AM] The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

Crypto Custodian Hex Trust Obtains Full Dubai Operating License

[Nov 14, 2023 11:00 PM] This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai.

India's Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines

[Nov 14, 2023 7:18 PM] India's Supreme Court has turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies.

'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud

[Nov 14, 2023 2:03 PM] The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S…

Delaware, We Need to Talk

[Nov 14, 2023 12:30 PM] Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch…

Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

[Nov 14, 2023 5:06 AM] Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols.

Crypto.com Wins Digital Asset License in Dubai

[Nov 14, 2023 12:08 AM] Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai.

Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest

[Nov 13, 2023 2:20 PM] While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday…

FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'

[Nov 13, 2023 10:48 AM] The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead-up to its November 2022, bankruptcy filing.

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

[Nov 13, 2023 7:30 AM] The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto…

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License

[Nov 13, 2023 5:52 AM] BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

[Nov 13, 2023 4:59 AM] The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC.

International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up

[Nov 10, 2023 7:36 AM] Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

[Nov 10, 2023 6:31 AM] Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year.

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

[Nov 10, 2023 1:17 AM] The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients.

EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision

[Nov 9, 2023 9:36 AM] The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

[Nov 9, 2023 5:28 AM] India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.

Competition in Digital Markets Hits G7 Nations' Radar

[Nov 9, 2023 3:16 AM] Policymakers from the Group of Seven advanced nations agreed to collectively coordinate scanning for early warning signs that may tip competition in digital markets.

India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets

[Nov 9, 2023 1:49 AM] India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.

U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

[Nov 8, 2023 5:58 PM] As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses.

Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says

[Nov 8, 2023 3:29 PM]

U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push

[Nov 8, 2023 2:51 PM] The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person…

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

[Nov 8, 2023 11:11 AM] For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

[Nov 8, 2023 9:50 AM] The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through…

EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

[Nov 8, 2023 7:09 AM] Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.

Swiss Crypto Bank SEBA Wins Hong Kong License

[Nov 8, 2023 6:47 AM] The bank's Hong Kong unit can now deal in and distribute securities, including virtual assets-related products.

CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says

[Nov 8, 2023 4:18 AM] Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group's general manager Agustín Carstens said.