62 / 65 Relevant items tagged with #Regulations

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Japan Regulator Flags 4 Crypto Exchanges Including Bybit for Operating Without Registration

[Apr 3, 2023 2:55 AM] Bitget, BitForex and MEXC Global were also named in the Financial Services Agency's warning letter.

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers

[Apr 1, 2023 1:30 PM] FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to…

U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

[Apr 1, 2023 6:49 AM] District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too much delay

Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025

[Apr 1, 2023 4:30 AM] Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized…

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

[Mar 31, 2023 4:30 PM] This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories…

U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members

[Mar 31, 2023 11:43 AM] In the absence of formal crypto rules from U.S. government agencies, the National Futures Association (NFA) is setting up standards for its members that deal in digital assets commodities.

Sushi Swap CEO Says He No Longer Feels 'Inspired' Amid U.S. Regulators' Crypto Crackdown

[Mar 30, 2023 6:05 PM] Sushi Swap Head Chef Jared Grey fielded questions from his community about an SEC subpoena he received during a Thursday call.

Visa and Bitcoin Rewards App Fold Expand Partnership to New Regions

[Mar 30, 2023 10:00 AM] Crypto rewards app Fold and Visa (V) have expanded their ongoing partnership to North America, Europe and Latin America and the Caribbean, an announcement said.

FTX Founder Sam Bankman-Fried Pleads Not Guilty to Latest Bribery Charge

[Mar 30, 2023 9:34 AM] FTX founder and former CEO Sam Bankman-Fried pleaded not guilty to charges of attempted bribery and campaign finance violations unveiled in two recent superseding indictments.

Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council advisor

[Mar 29, 2023 10:40 PM] Crypto Council for Innovation advisor Sean Lee said more education is needed for policymakers and financial regulators.

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

[Mar 29, 2023 2:09 PM] Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading…

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

[Mar 29, 2023 1:19 PM] Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier…

Crypto Exchange Beaxy Shut Down After SEC Lawsuit

[Mar 29, 2023 8:30 AM] Crypto platform Beaxy has officially closed its doors as the U.S. Securities and Exchange Commission (SEC) charged the company and its founder Artak Hamazaspyan with operating an unregistered exchange and brokerage, the agency said.

European Banking Regulator Calls Attention to Digital Ledger Technology

[Mar 29, 2023 4:04 AM] Draft guidance from the EU banking watchdog picks out crypto technology for scrutiny and proposes vetting procedures for senior staff.

What the Bank of England’s Stablecoins Regime Could Look Like

[Mar 29, 2023 3:21 AM] The Bank of England's upcoming crypto regime would try to ensure that funds are returned to customers when certain crypto firms enter a crisis.

FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed

[Mar 29, 2023 1:41 AM] A Delaware bankruptcy judge approved the sale of the bankrupt company’s assets to Abu Dhabi’s investment arm.

The Algorand Foundation Branches Out to India

[Mar 28, 2023 11:30 PM] Blockchain protocol Algorand (ALGO) has entered the world’s most populous country, India, with a project that aims to support the nation’s transformation from the back office of the Web2 world to the innovation hub of the Web3 world.

FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure

[Mar 28, 2023 4:07 PM] The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week – whether they have a new bank…

U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity

[Mar 28, 2023 1:25 PM] With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his…

UK Crypto Promotions Laws Hoped to Be in Place by Late 2023

[Mar 28, 2023 11:01 AM] The Financial Services and Markets Act amendment, which would enable the new rules, will soon be discussed in Parliament.

Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says

[Mar 28, 2023 8:57 AM] Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky

Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam

[Mar 28, 2023 8:46 AM] The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.

EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets

[Mar 28, 2023 5:58 AM] Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees

EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says

[Mar 28, 2023 2:53 AM] The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.

7 details in the CFTC lawsuit against Binance you may have missed

[Mar 27, 2023 11:29 PM] Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.

Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal

[Mar 27, 2023 5:51 PM] A federal judge paused Voyager's efforts to sell its assets to Binance.US in response to the U.S. government's filing for an emergency stay.

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

[Mar 27, 2023 12:46 PM] The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous…

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…

EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments

[Mar 27, 2023 8:41 AM] Anti-money laundering plans have slightly liberalized but are set to bring NFT platforms into the regulatory fold

Top 7 legal and compliance jobs in the crypto market

[Mar 27, 2023 7:07 AM] Explore essential skills for top legal and compliance jobs in the crypto market.