61 / 65 Relevant items tagged with #Regulations

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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

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

[Apr 6, 2023 4:25 AM] Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

Japan Approves Web3 White Paper to Promote Industry Growth in the Country

[Apr 6, 2023 3:51 AM] The white paper proposes more tax reform, clearer accounting standards and a DAO law.

Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg

[Apr 6, 2023 12:43 AM] Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.

ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot

[Apr 5, 2023 11:59 PM] Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot.

Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says

[Apr 5, 2023 9:21 AM] The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the EU’s planned MiCA

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

[Apr 5, 2023 9:14 AM] Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”

Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned

[Apr 5, 2023 5:19 AM] Judges at the High Court in London said they didn’t have the resources to explore the issue fully.

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

[Apr 4, 2023 3:30 PM] According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key…

The SEC's Beaxy Suit Looks Like a Coinbase Case Preview

[Apr 4, 2023 9:45 AM] The SEC took pains to note the Beaxy exchange did a lot of illegal trading. Is this a preview of its action against Coinbase?