32 / 65 Relevant items tagged with #Regulations

Posts

Turkey’s Banking Giants Go Big on Crypto as Legislation Looms

[Dec 13, 2023 9:28 AM] This week, two of the country’s largest banks announced crypto initiatives.

Three Arrows Co-Founder Su Zhu Faces Questioning in Singapore Court in Hunt for Assets: Bloomberg

[Dec 13, 2023 5:29 AM] Zhu is expected to be released from jail this month for good behavior, Bloomberg reported.

SEC Hasn't Met Legal Requirements to Sue, Binance Says in Latest Bid to Dismiss Lawsuit

[Dec 12, 2023 9:29 PM] Binance, Binance.US and Changpeng Zhao argued that the U.S. Securities and Exchange Commission did not meet the requirements of the "Howey Test" in its suit against the two companies and their founder in a new filing Tuesday.

Binance P2P Trading Platform Halts Ruble Support Following Russia Exit

[Dec 12, 2023 9:41 AM] Customers are free to withdraw or transfer funds and continue trading with Binance Russia's new owner CommEX, the company said Monday.

Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity

[Dec 12, 2023 8:52 AM] Q Protocol, which provides blockchain governance as a service to Web3 and decentralized autonomous organizations, will use the rules laid out by the International Chamber of Commerce (ICC)'s arbitration court to resolve disputes and enforce awards.

FTX Disputes IRS's 'Alice in Wonderland' Tax Claim

[Dec 12, 2023 7:03 AM] The U.S. government's claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.

FCA Slow to Take Crypto Enforcement Action, UK's Public Spending Watchdog Says

[Dec 11, 2023 12:01 PM] Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.'s National Audit Office said.

Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says

[Dec 11, 2023 10:34 AM] The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.

South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users

[Dec 11, 2023 10:33 AM] The rules are scheduled to take affect on July 19 next year.

Crypto VC C1 With Coinbase Lineage Eyes Acquisition in Australia: Report

[Dec 11, 2023 12:27 AM] Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund…

U.S., South Korea, Japan Discuss North Korean Crypto Thefts in Trilateral Meeting

[Dec 8, 2023 11:01 PM] National security officials with the U.S., South Korean and Japanese governments discussed North Korea's crypto thefts and other efforts to work on its nuclear and ballistic missile programs, the White House announced Friday night.

Crypto Provisions Dropped From 2023 U.S. Defense Bill

[Dec 8, 2023 4:31 PM] The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.

Binance Founder Changpeng 'CZ' Zhao Stuck in U.S. Until Sentencing

[Dec 7, 2023 7:47 PM] Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday.

Basel Committee Seeks to Consult on Stablecoins Risk Treatment

[Dec 7, 2023 12:41 PM] Regulators have been looking to regulate crypto and mitigate against the risks posed by banks exposure to crypto.

Asset Tokenization on Blockchains Could Increase Systemic Risks: BOE

[Dec 7, 2023 11:19 AM] Banks are becoming more positive about using crypto technologies for the tokenization of money and assets, the BoE said in its bi-annual report.

Craig Wright's Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules

[Dec 7, 2023 9:59 AM] The hearing, scheduled to take 15 days, will also seek to determine whether the hack occurred.

India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Tells CoinDesk

[Dec 7, 2023 2:50 AM] India is unlikely to bring a crypto or Web3-specific legislative bill anytime soon and perhaps all the way up to mid-2025, said one of the most senior politicians in India's government overseeing the financial evolution of the nation.

CZ's Guilty Plea Accepted by Judge, Has Yet to Decide If Binance Founder Can Go Home

[Dec 6, 2023 4:11 PM] A federal judge accepted Binance founder Changpeng "CZ" Zhao's guilty plea to one count of violating the Bank Secrecy Act, but has not yet weighed in on whether Zhao can go back to the United Arab Emirates before he is sentenced in February.

Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge

[Dec 6, 2023 3:59 PM] Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter. Bitzlato was sanctioned by the U.S government in January.

Pro-Blockchain Bill Clears Hurdle in U.S. House

[Dec 6, 2023 3:32 PM] Another crypto bill has cleared the goal posts of a committee in the U.S. House of Representatives, with the unanimous approval of legislation that would direct the U.S. Secretary of Commerce to support blockchain technology.

JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto

[Dec 6, 2023 1:57 PM] JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to…

Binance and CZ Settle With the DOJ and Other Federal Agencies

[Dec 6, 2023 4:00 AM] On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges…

The Most Influential Folks in Crypto Regulations

[Dec 6, 2023 12:15 AM] CoinDesk published its annual Most Influential list (it's not a ranking, except for the top 10 being maybe more influential than the other 40). I wrote a few pieces (I had nothing to do with the art and didn't know about it when I wrote the…

House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally

[Dec 5, 2023 11:19 AM] Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.

Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson

[Dec 5, 2023 9:34 AM] Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation."

Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Says

[Dec 5, 2023 6:58 AM] The regulator has brought enforcement actions against Coinbase and Robinhood.

Patrick McHenry Is Dragging Crypto Bills Through Congress

[Dec 4, 2023 7:12 AM] The bowtied chairman of the House Financial Services Committee has shown persistence in the face of increasing partisanship on crypto issues.

Crypto.com Receives UK Authorization as an Electronic Money Institution

[Dec 4, 2023 7:10 AM] The exchange said it plans to use the license to offer e-money products in the U.K.

Crypto Regulation And Compliance: Navigating The Evolving Regulatory Landscape For Bitcoin

[Dec 1, 2023 8:00 AM] Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to…

UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say

[Nov 30, 2023 10:46 AM] The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.