53 / 65 Relevant items tagged with #Regulations

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FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say

[Jun 13, 2023 1:14 AM] A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says

[Jun 13, 2023 12:23 AM] The FTX founder’s lawyers argue that a new Supreme Court judgment shows that he has not committed fraud.

SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims

[Jun 12, 2023 2:56 PM] A Securities and Exchange Commission (SEC) Monday effort to freeze Binance.US's funds is a "draconian and unduly burdensome" move, the U.S. affiliate of the global crypto exchange argued Monday.

Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown

[Jun 12, 2023 11:08 AM] The company is excited to expand globally and wants to build in Abu Dhabi, Canada, Singapore, and get authorized with the U.K. under its upcoming crypto regime Tom Duff-Gordon Vice President of International Policy at Coinbase said.

SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan

[Jun 12, 2023 4:01 AM] Without a more solid legal framework, cryptocurrency activity will probably continue moving outside the U.S. and into decentralized entities, the report said.

Binance's Nigeria Unit Ordered to Halt 'Illegal' Operations by Securities Watchdog

[Jun 10, 2023 6:19 AM] The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.

UK Bans ‘Refer a Friend’ Bonuses With Tougher Crypto Marketing Rules

[Jun 9, 2023 9:30 PM] Businesses marketing crypto assets to U.K. consumers will have to abide by stricter advertising rules presented by the country’s financial watchdog. These include prohibiting ‘refer a friend’ bonuses for the industry as well as introducing a…

CFTC Wins Lawsuit Against Ooki DAO

[Jun 9, 2023 3:33 PM]

Mt. Gox's Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment

[Jun 9, 2023 9:04 AM] The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.

EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says

[Jun 9, 2023 4:38 AM] A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.

Hong Kong Monetary Authority to Prepare for Retail CBDC

[Jun 9, 2023 4:26 AM] The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.

EU’s Landmark Crypto Law MiCA Published in Official Journal

[Jun 9, 2023 12:34 AM] The procedural move means landmark licensing, stablecoin and anti-money laundering rules apply as of December 30, 2024.

New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats

[Jun 8, 2023 10:08 PM] The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers.

SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Heat Was Coming

[Jun 8, 2023 10:30 AM] U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.

Providing Regulatory Clarity (Binance and Coinbase Edition)

[Jun 8, 2023 8:00 AM] The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

[Jun 8, 2023 6:17 AM] Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity.

Social Media Targeted in EU Consumer Group Complaint About Crypto Ads

[Jun 8, 2023 2:58 AM] BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto

Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection

[Jun 8, 2023 2:21 AM] If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.

SEC Actions in US May Affect Binance in Other Regions, Hong Kong Lawyer Says

[Jun 7, 2023 11:30 PM] The crackdown initiated by the U.S. Securities and Exchange Commission (SEC) may affect Binance in other regions and its license application in Hong Kong, according to a crypto-compliance lawyer. The expert believes the regulator wants the largest…

UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules

[Jun 7, 2023 5:01 PM] The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.

Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted

[Jun 7, 2023 12:09 PM] With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought…

U.S. SEC Enforcement Could Boost Europe's Crypto Chances, Officials Say

[Jun 7, 2023 8:57 AM] EU officials are hoping to tempt crypto innovators as Binance and Coinbase complain of regulation by enforcement in the U.S.

Kim Kardashian EMAX Suit to Proceed as Court Considers Updated Complaint

[Jun 7, 2023 5:34 AM] A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.

U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules

[Jun 7, 2023 2:39 AM] Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.

SEC’s Binance.US Probe Started in 2020, Court Filings Show

[Jun 7, 2023 1:44 AM] The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as they seek to freeze assets of the company.

Stablecoin Issuer Circle Receives Digital Token License in Singapore

[Jun 7, 2023 1:16 AM] The issuer of USDC received in-principle approval in November last year.

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

[Jun 6, 2023 2:32 PM] The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US on Tuesday.

Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition

[Jun 6, 2023 9:26 AM] The market study may be the first of its kind to examine Web3 competition dynamics.

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

[Jun 6, 2023 8:16 AM] Gensler's comments follow landmark suits filed this week against Binance and Coinbase.