51 / 65 Relevant items tagged with #Regulations

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Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg

[Jun 23, 2023 8:19 AM] The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.

Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF

[Jun 23, 2023 4:17 AM] The IMF recommended that countries focus on addressing the drivers of crypto demand and unmet digital payment needs in a post.

Crypto.com Approved to Operate in Spain

[Jun 23, 2023 4:11 AM] The crypto exchange said it has registered as a virtual asset service provider with the country's central bank following a "comprehensive" compliance review.

Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access

[Jun 23, 2023 2:41 AM] Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.

SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid

[Jun 23, 2023 2:26 AM] The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.

CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

[Jun 23, 2023 2:17 AM] The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds.

Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says

[Jun 22, 2023 3:06 PM] Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday.

South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report

[Jun 22, 2023 5:29 AM] Earlier this month, Haru Invest halted withdrawals and deposits.

Crédit Agricole’s CACEIS Gains Crypto Custody Registration in France

[Jun 22, 2023 2:33 AM] The traditional finance giant has been rumored to be seeking the status for years.

Reviewing the Tether Documents

[Jun 21, 2023 2:45 PM] Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown…

Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins

[Jun 21, 2023 9:22 AM] Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says

[Jun 21, 2023 3:11 AM] Transforming a ‘smoldering heap of wreckage’ can cost good money, Katherine Stadler said.

Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced

[Jun 21, 2023 2:00 AM] A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant political skepticism about the purpose.

EU Commission’s Digital Euro Bill Back on Track for June 28, Lead Official Says

[Jun 20, 2023 11:47 AM] The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday.

EU Commission Brushes Off 'Data Act' Fears by Crypto Industry

[Jun 20, 2023 11:28 AM] New rules could kill off permissionless smart contracts, the industry worries.

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move

[Jun 20, 2023 7:13 AM] Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia.

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

[Jun 20, 2023 5:00 AM] “This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House

[Jun 19, 2023 8:39 AM] The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.

EU Legislation for Digital Euro Is Put on Hold: Source

[Jun 19, 2023 7:45 AM] A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed

Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case

[Jun 19, 2023 7:11 AM] The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.

UK Financial Watchdog Cancels Binance Permissions on Firm's Request

[Jun 19, 2023 7:06 AM] U.K.'s Financial Conduct Authority said Binance's local unit is no longer authorized to provide any regulated services in the country.

IMF Official Presents Blueprint for Cross-Border CBDCs

[Jun 19, 2023 7:00 AM] The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.

France's Markets Regulator Backs Global Rules for DeFi

[Jun 19, 2023 4:11 AM] The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks.

Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America

[Jun 19, 2023 2:27 AM] The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years.

Crypto Conglomerates Should Be Regulated, MiCA 2 Needed, Bank of France Governor Says

[Jun 18, 2023 10:30 PM] International cooperation is necessary to regulate crypto conglomerates, according to the head of the central bank of France. Speaking at a tech forum in Paris, Governor Villeroy de Galhau also suggested that a new version of the EU’s recently…

Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit

[Jun 17, 2023 3:00 AM] The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s…

Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore

[Jun 16, 2023 11:12 PM] Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.

CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress

[Jun 16, 2023 4:57 PM] The Commodity Futures Trading Commission will decide on June 26 whether to start a formal 90-day review of prediction market provider KalshiEX’s contract that allows users to bet on which party takes control of the U.S. Congress.

U.S. Banking Watchdog Makes Case for Tokenization, Just Not on Public Blockchains

[Jun 16, 2023 9:54 AM] Self-styled crypto skeptic Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), said tokenization of assets is a serious advance into the future of finance, but decentralized blockchains may be too problematic…