58 / 65 Relevant items tagged with #Regulations

Posts

New York Attorney General Seeks New Crypto Powers for State Regulators: Report

[May 5, 2023 7:01 AM] The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

[May 5, 2023 3:19 AM] The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

[May 5, 2023 2:04 AM] The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.

Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters

[May 4, 2023 7:45 PM] Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas.

3% Tax on Crypto Transfers Part of Kenya's Proposed Budget: Bloomberg

[May 4, 2023 6:20 PM] Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.

Wrapping Up Consensus 2023

[May 4, 2023 3:39 PM] Missed Consensus 2023? Catch up on some of the most important conversations here.

North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State

[May 4, 2023 5:43 AM] The U.S. state's House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.

Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

[May 4, 2023 2:02 AM] The policy announcement makes no mention of crypto, which the government cracked down on in 2021.

Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board

[May 4, 2023 1:42 AM] Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets

[May 3, 2023 4:37 PM] The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

[May 3, 2023 3:48 PM] Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.

Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case

[May 3, 2023 3:15 PM] Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.

RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race

[May 3, 2023 1:33 PM] Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden.

Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide

[May 3, 2023 9:18 AM] The law on promotions is set to come into effect around four months from now, the finance ministry has said.

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

[May 3, 2023 6:00 AM] Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.

Allow Influencers to Promote Registered Crypto Firms, French Senators Say

[May 3, 2023 3:52 AM] Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions

UK Set to Ban Cold Calls Selling Financial Products, Including Crypto

[May 3, 2023 3:26 AM] The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.

White House Pushes for Punitive Tax on Crypto Mining

[May 2, 2023 3:58 PM]

3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

[May 2, 2023 4:12 AM] The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange.

Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’

[May 2, 2023 1:36 AM] Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

[May 1, 2023 12:22 PM] Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.

Coinme, Subsidiary and CEO Fined $4M by SEC Over UpToken Offering

[May 1, 2023 3:08 AM] The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting "unregistered offers and sales of securities."

Nigeria's SEC Mulls Allowing Tokenized Equity, Property But Not Crypto: Bloomberg

[May 1, 2023 1:49 AM] The regulator is considering applications for digital asset exchanges on a trial basis.

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

[Apr 30, 2023 10:00 PM] Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing…

U.S. House Will Have Crypto Bill in 2 Months: McHenry

[Apr 28, 2023 4:32 PM] AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry…

Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say

[Apr 28, 2023 11:35 AM] "It's not good to put crypto all in the same basket and look at it in a vacuum," said Marianne Bechara, senior counsel at the IMF.

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

[Apr 28, 2023 11:00 AM] The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.

ECB Probes Decentralized Settlement for Wholesale Financial Markets

[Apr 28, 2023 2:56 AM] Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

[Apr 28, 2023 1:54 AM] Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.