50 / 65 Relevant items tagged with #Regulations

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Prime Trust Is Having a Bad Month

[Jun 29, 2023 12:46 PM] Prime Trust may be taken over by the state of Nevada, and the situation seems alarming.

UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law

[Jun 29, 2023 8:13 AM] The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity.

Canadian Lawmakers Call for National Blockchain, Crypto Strategy

[Jun 29, 2023 7:21 AM] The government should recognize blockchain as an emerging industry with "significant" long-term economic and job creation opportunities, a lawmaker committee on industry and tech said.

Slovakian Crypto Tax-Cutting Bill Passes National Parliament

[Jun 29, 2023 6:18 AM] Lawmakers wanted to see a 7% rate for crypto held longer than a year

Binance Crypto Custody License Application Denied by German Regulator BaFin: Report

[Jun 29, 2023 3:33 AM] Binance said it is continuing to comply with BaFin requirements in "a detailed and ongoing process."

ECB to Start Wholesale CBDC Settlement Trials in 2024

[Jun 29, 2023 3:04 AM] The central bank wants to see innovative interventions in financial markets – but under existing rules.

SEC Has No Jurisdiction Over Cryptos on Coinbase's Platform, Exchange Claims in Response to Regulator's Lawsuit

[Jun 28, 2023 10:50 PM] U.S. crypto exchange Coinbase claimed that digital assets listed on its platform fall outside the U.S. Securities and Exchange Commission's (SEC) purview in its first legal response to the regulator's lawsuit. The SEC sued Coinbase at the beginning…

Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets

[Jun 28, 2023 10:30 PM] Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to…

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

[Jun 28, 2023 2:51 PM] FTX's lawyers allege Daniel Friedberg allowed its executives' criminal activities to fly under the radar for years.

Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges

[Jun 28, 2023 9:26 AM] Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme.

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue

[Jun 28, 2023 4:42 AM] Australia's Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation.

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

[Jun 28, 2023 4:29 AM] Officials want a digital payment system available to “everyone, everywhere, for free.”

‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate

[Jun 28, 2023 1:53 AM] Creditors accuse CEO Zac Prince of defrauding customers and the company of “mischief” in delaying a wind-up.

EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators

[Jun 27, 2023 11:22 PM] Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry.

UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

[Jun 27, 2023 5:01 PM] The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

[Jun 27, 2023 11:23 AM] Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday.

Judge Rejects FTX Founder Sam Bankman-Fried's Motions to Dismiss Criminal Charges

[Jun 27, 2023 10:01 AM] U.S. Judge Lewis Kaplan denied several of Sam Bankman-Fried's motions to dismiss criminal charges against him. He had previously denied the FTX founder's remaining motions to dismiss charges.

EU Seals Deal on Crypto Bank-Capital Rules

[Jun 27, 2023 12:46 AM] Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system

Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill

[Jun 26, 2023 1:31 PM] The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators.

U.S. Judge Rejects Binance.US Complaint Over SEC Press Release

[Jun 26, 2023 1:27 PM] A federal judge has rebuffed Binance’s request to curtail the U.S. Securities and Exchange Commission's (SEC) use of language pertaining to Binance.US’ management of customer funds in press releases, arguing the statements could hurt the company at…

Singapore's MAS Proposes Design Framework for Interoperable Digital Asset Networks

[Jun 26, 2023 5:26 AM] Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across financial asset classes.

Bybit Gains Crypto License in Cyprus

[Jun 26, 2023 4:00 AM] The Dubai-based crypto exchange will gain now a foothold in the European Union after its exit from Canada and the U.K.

Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies

[Jun 26, 2023 3:57 AM] Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens.

CFTC Kicks Off Review of Kalshi's Congressional Control Prediction Markets

[Jun 23, 2023 8:59 PM] The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi's proposed contracts to bet on who will control Congress.

2020 Twitter Hacker Sentenced to 5 Years on Crypto Theft, SIM Swapping Scheme

[Jun 23, 2023 3:11 PM] Joseph O'Conner, a British man who made roughly $900,000 in an elaborate Twitter hack and a separate crypto-related SIM-swapping scheme, received a 5 year sentence from a federal judge on Friday, Inner City Press reported.

Binance Ordered to Halt Offering Crypto Services in Belgium by Markets Regulator

[Jun 23, 2023 10:50 AM] The crypto exchange is accused of serving Belgian customers from countries outside the European Economic Area in violation of the law, the FSMA has said.

Sam Bankman-Fried Can't Subpoena Law Firm Fenwick & West for Documents, U.S. Judge Rules

[Jun 23, 2023 10:13 AM] The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was "at the core" of the government's criminal allegations against him.

Leveraged Bitcoin Futures ETF to Start Trading Tuesday, Sponsor Says

[Jun 23, 2023 9:24 AM] Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective on Friday, an executive at the company told…

Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit

[Jun 23, 2023 9:05 AM] Crypto exchange Coinbase won a reprieve from the U.S. Supreme Court on Friday, after the high court ruled that a lawsuit filed by one of the exchange's users couldn't proceed until Coinbase defends an appeal of a lower court ruling.

Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says

[Jun 23, 2023 9:02 AM] The global anti-money laundering watchdog FATF said North Korea is using digital assets to fund weapons of mass destruction