36 / 65 Relevant items tagged with #Regulations

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Indian Police Arrest 8 More in $300M Crypto Scam: Report

[Nov 6, 2023 11:37 AM] As many as 18 people, including four cops, have been arrested so far, while the alleged kingpin, Subhash Sharma, remains at large.

UK Financial Watchdogs Publish Plans to Regulate Stablecoins

[Nov 6, 2023 3:27 AM] The U.K. government published plans for regulating crypto last week.

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

[Nov 6, 2023 12:30 AM] Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

[Nov 3, 2023 12:03 PM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a rule change Friday on how customer funds should be invested by firms the agency oversees – futures commission merchants (FCMs) and derivative clearing organizations (DCOs).

Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab Them for Treasury

[Nov 2, 2023 4:11 PM] Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.

Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing

[Nov 2, 2023 1:29 PM] Despite a raging online debate discrediting the scale of crypto support for terrorist groups, the story continues to resonate in important places. Most recently on Thursday, the ranking Democrat at a hearing in the U.S. House of Representatives…

Will Hashdex's 'Undeniable' Distinctions Help Win Bitcoin ETF Race? Some Analysts Think So

[Nov 2, 2023 11:18 AM] ETF analysts watching the spot-bitcoin ETF race appear to be backing Hashdex's modified application more than any other.

Hong Kong Will Allow Some Tokenized Securities-Related Activities

[Nov 2, 2023 6:34 AM] The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub.

UK Regulator Publishes Guidance for Crypto Marketing Regime

[Nov 2, 2023 5:07 AM] The Financial Conduct Authority’s new ad regime took effect in October.

UK's National Crime-Fighting Agency Seeks Six Crypto Investigators

[Nov 2, 2023 5:02 AM] A crime bill passed last week gives law enforcement agencies more powers to seize and freeze crypto.

PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

[Nov 2, 2023 4:47 AM] Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.

Genesis’ New Liquidation Plan Is a Material Swerve, U.S. Government Says

[Nov 2, 2023 2:44 AM] The bankrupt crypto lender appears to be no longer seeking to reorganize, after a lawsuit from the New York Attorney General dimmed hopes of a deal.

Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024

[Nov 2, 2023 1:30 AM] The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of…

Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

[Nov 1, 2023 4:42 PM] Prediction market Kalshi is suing the U.S. Commodity Futures Trading Commission (CFTC) for denying its effort to list derivatives for betting on the outcome of political events – specifically which party will control each chamber of the U.S…

PayPal UK Unit Registers as Crypto Service Provider

[Nov 1, 2023 7:33 AM] The payments firm will now be able to offer services and approve crypto-related communications in the country.

FTX, Alameda Wallets Move More Than $78 Million in Crypto to Exchanges: Spotonchain

[Nov 1, 2023 7:00 AM] Just over $13 million in crypto were moved to Binance and Coinbase overnight, data from Spotonchain show.

CFTC Awards $16M to U.S. Whistleblowers; Most Tips Were Crypto-Related

[Nov 1, 2023 4:28 AM] Crypto continues to have pervasive fraud and other illegality, Commissioner Christy Goldsmith Romero said.

BitGo Granted German Crypto Custody License by BaFin

[Nov 1, 2023 2:23 AM] BitGo had already been storing crypto assets under the regulator's supervision since 2019 as part of a transitional regime, the firm said.

'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion

[Nov 1, 2023 1:55 AM] Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.

Turkey in "Final Stage" of Bringing Crypto Legislation as Last Step to Get off FATF's Grey List: Minister

[Nov 1, 2023 1:14 AM] Turkey is in the "final stage" of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force's (FATF) "grey list.

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

[Oct 31, 2023 1:11 PM] The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens…

Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000

[Oct 31, 2023 9:00 AM] A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.

Sam Bankman-Fried Needs Better Answers on the Stand

[Oct 31, 2023 7:30 AM] There was a moment on Monday where an assistant U.S. attorney needed to ask FTX founder Sam Bankman-Fried if he was the chairman and sole board member of Alameda Research, while showing him a document that he signed, which literally identified him…

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

[Oct 31, 2023 6:56 AM] Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report

[Oct 31, 2023 4:52 AM] Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea.

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure

[Oct 31, 2023 4:00 AM] The government hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities

[Oct 30, 2023 1:04 PM] The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further.

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

[Oct 30, 2023 10:54 AM] Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

[Oct 30, 2023 6:23 AM] A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said.

Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas

[Oct 30, 2023 5:02 AM] OPNX voluntarily dropped its defamation suit against the venture investor and crypto personality.