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Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

[Sep 26 8:49 PM] According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts. 

Consumer watchdogs call for EU action on in-game digital money

[Sep 13 4:21 AM] Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.

Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges

[Oct 5, 2023 12:00 PM] Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve…

Binance Withdraws Its Crypto License Application in Germany

[Jul 28, 2023 5:30 AM] The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic…

UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites

[Jul 11, 2023 3:30 PM] The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against…

Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration

[Jun 25, 2023 1:30 AM] A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two…

EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings

[May 27, 2023 10:00 PM] The European Securities and Markets Authority (ESMA) has issued a warning regarding investments in assets like cryptocurrencies. They will remain unregulated in most countries until the EU’s Markets in Crypto Assets (MiCA) law is enforced across…

Tax Authority Slated to Become Main Crypto Regulator in Russia

[May 17, 2023 4:25 AM] Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service…

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

[Mar 11, 2023 11:30 PM] Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new…

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

[Mar 10, 2023 5:30 PM] Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing…

Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps

[Jan 12, 2023 6:30 AM] The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in…

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…

Time for Serious Global Crypto Regulation, Germany Says

[Dec 15, 2022 6:30 AM] Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector…

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…

Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

[Dec 2, 2022 10:30 PM] The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract…

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

[Nov 26, 2022 11:00 PM] Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital…

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

[Nov 21, 2022 12:30 AM] A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the…

Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

[Nov 16, 2022 6:30 AM] The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been…