61 / 66 Relevant items tagged with #Regulations

Posts

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

[Apr 17, 2023 2:31 AM] South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall.

Shaquille O'Neal Finally Served FTX Lawsuit: Lawyers

[Apr 17, 2023 12:42 AM] Legendary Basketballer Shaquille O'Neal has finally been served a class-action lawsuit against FTX founder Sam Bankman-Fried, lawyers of the plaintiffs tweeted on Sunday.

UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy

[Apr 14, 2023 8:55 AM] The department will explore economic growth, investment and business opportunities in these areas along with implications on regulation.

U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations

[Apr 14, 2023 8:00 AM] The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on…

Bitcoin Should Be Central to Regulation of Digital Assets

[Apr 13, 2023 11:23 AM] U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, says John Rizzo.

London Stock Exchange Group Unit to Clear Bitcoin Index Futures, Options

[Apr 13, 2023 6:54 AM] LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class

EU’s MiCA Vote Likely Delayed by One Day Without Further Changes

[Apr 13, 2023 4:35 AM] The landmark crypto licensing framework and funds transfer rules will likely be rubber-stamped next week as last-minute upsets now seem unlikely.

Zambia to Wrap Crypto Regulation Tests by June: Report

[Apr 13, 2023 2:47 AM] The country is also exploring issuing a central bank digital currency.

High Hopes for EU’s MiCA Law With Final Vote Imminent

[Apr 13, 2023 1:00 AM] EU member nations are already jostling to hold the crypto crown as the bloc becomes the first major global jurisdiction to regulate the sector.

FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’

[Apr 12, 2023 2:20 PM] Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”

Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Rules

[Apr 12, 2023 9:55 AM] The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame.

Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says

[Apr 12, 2023 9:03 AM] The central bank governor also said regulators can't rule out central bank digital currencies.

SEC Advisory Group Backs Gensler’s Crypto Efforts but Asks for Industry Guidance

[Apr 12, 2023 8:22 AM]

FTX Free to Explore Sale of Europe Arm, Swiss Court Decides

[Apr 12, 2023 7:06 AM] The firm said FTX Europe AG, the holding company of its European business, filed a petition for a Swiss moratorium proceeding, which was granted on Tuesday.

EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets

[Apr 12, 2023 2:48 AM] Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU's monitoring body for drugs concluded.

G-7 Will Focus on Helping Developing Nations Introduce CBDCs

[Apr 12, 2023 12:34 AM] The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs).

Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements

[Apr 11, 2023 11:52 PM] If DeFi activity falls within the scope of the Securities and Futures Ordinance, it will be subject to the same regulatory requirements as traditional financial activity, says SFC official.

US needs to regulate stablecoins to keep a strong dollar: Stellar CEO

[Apr 11, 2023 10:34 PM] The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation's chief has claimed.

World Regulators Are Looking at DeFi

[Apr 11, 2023 5:02 PM] Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi…

Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB

[Apr 11, 2023 3:54 PM] Sen. Elizabeth Warren (D-Mass.) and Congresswoman Alexandria Ocasio-Cortez (D-New York) want to know why crypto companies, like bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank.

France Publishes Metaverse Consultation, Seeking Alternative to Dominance by Web Giants

[Apr 11, 2023 10:34 AM] The economy ministry is interested in the virtual worlds' impact on privacy, health and the environment

Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit

[Apr 11, 2023 9:51 AM] The state of Wyoming is taking umbrage at the Federal Reserve Board’s insinuations that its regulatory framework for special purpose depository institutions (SPDIs) – state-chartered banks that can handle digital assets – are not up to snuff.

Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'

[Apr 11, 2023 8:30 AM] FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report

SEC Is Adding Attorneys to Crypto Enforcement Unit

[Apr 11, 2023 6:53 AM] The Securities and Exchange Commission said in March that it was planning to add additional staff to the unit.

DeFi Could Be Forced to Incorporate and Certify, French Central Bank Says

[Apr 11, 2023 4:47 AM] Regulators are seeking to extend EU laws to cover more diffuse and decentralized structures.

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

[Apr 9, 2023 3:30 AM] Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector…

Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report

[Apr 7, 2023 5:16 AM] South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

[Apr 7, 2023 2:38 AM] The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.

U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money

[Apr 6, 2023 8:00 AM] The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.

EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers

[Apr 6, 2023 6:48 AM] The European Commission raises risks to privacy, openness, cybersecurity and equality in online virtual worlds