2 / 2 Relevant items tagged with #Rules
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Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
[Mar 30, 2023 1:30 PM] Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense…
Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules
[Mar 27, 2023 10:30 AM] The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange…
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
[Mar 21, 2023 12:00 PM] The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the…
Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA
[Mar 19, 2023 4:00 AM] The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and…
Investment Fund Focused on Crypto Mining to Be Created in Russia
[Mar 3, 2023 1:30 AM] The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition…
Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading
[Feb 28, 2023 5:30 PM] Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated…
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
[Feb 16, 2023 3:00 PM] The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the…
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
[Feb 1, 2023 4:00 PM] The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory…
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
[Jan 30, 2023 12:30 AM] Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a…
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
[Jan 26, 2023 2:30 AM] Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to…
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
[Jan 15, 2023 4:30 PM] The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the…
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
[Jan 14, 2023 11:30 PM] A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns…
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
[Jan 12, 2023 3:00 AM] The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official…
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
[Jan 8, 2023 1:30 AM] France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
[Jan 6, 2023 2:30 AM] The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of…
Bill on Digital Ruble Submitted to Russian Parliament
[Jan 1, 2022 1:00 AM] A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to…
Apple to allow third-party app stores in windfall for NFTs and crypto
[Dec 13, 2022 8:41 PM] In a win for crypto app developers, incoming EU laws will force Apple to permit alternative app stores and apps without the need to go through its App Store.
Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says
[Dec 11, 2022 12:30 AM] Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…
Brussels Wants All Crypto Service Providers to Report Transactions of Europeans
[Dec 9, 2022 6:30 AM] The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are…
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
[Dec 8, 2022 1:00 AM] Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry…