AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and milestone p...
Tag: Regulation
Turning 72 or 73 this year? Here’s what to do about your required minimum distributions
Anyone turning 72 years old in 2023 is getting a birthday present from Congress – one more year to push back their required minimum distributions from their retirement accounts. As part of the Secure...
Crypto Is Here to Stay and ‘Becoming More Legitimate’ – Regulation Bitcoin News
A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with cry...
Bank of France Head Stresses the Need for Strict Crypto Regulation
Bank of France’s Governor stressed the need for strict regulatory frameworks for crypto firms. Francois Villeroy de Galhau made this statement before the voting of MiCA regulation. The MiCA regulation...
Celsius ruling shines light on crypto user agreement fine print
Experts say a judge’s recent ruling that assets in a yield-bearing account belong to Celsius, not investors, highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms....
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets – Regulation Bitcoin News
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 chan...
US Government Seizes Robinhood Shares Linked to FTX Founder Sam Bankman-Fried – Regulation Bitcoin News
The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets a...
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that ...
Ripple CEO Brad Garlinghouse Says He’s Optimistic on Crypto Regulation ‘Breakthrough’ in 2023
The CEO of blockchain-based cross-border payments network Ripple is expecting the US to see positive developments in crypto regulation this year. As the 118th Congress opens on Tuesday, Brad Garlingho...
ECB calls for crypto regulation, expedited CBDCs deployment
European Central Bank (ECB) Executive Board member Fabio Panetta published a post in the ECB blog emphasizing the need for regulations in the crypto industry. “We can’t afford to leave cryptos unregul...
Senator who spearheaded SBF-backed crypto bill to retire
Sen. Debbie Stabenow, D-Mich., will not seek reelection in 2024. “Inspired by a new generation of leaders, I have decided to pass the torch,” she said in an announcement, with plans to se...
US Regulators and the Fed Jointly Issue Crypto Warnings – Regulation Bitcoin News
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations....
Bahamas Regulator Disputes FTX’s Claim About Value of Seized Cryptocurrencies – Regulation Bitcoin News
The Securities Commission of the Bahamas has disputed FTX’s claim that the value of the cryptocurrencies it seized from the bankrupt crypto exchange was not $3.5 billion. The new FTX chief’s “continue...
What Does Ripple CEO Said on The US Crypto Regulation?
Brad Garlinghouse, the CEO of financial technology company Ripple Labs, supports cryptocurrency regulation in the United States. In recent times, Ripple CEO, noted in his Twitter thread that, “I am ca...
Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License – Regulation Bitcoin News
The Nigerian crypto exchange Roqqu recently announced that it obtained a virtual currency license that allows it to offer its services in 28 European countries. According to Israel Ololade, the head o...
Indonesia to set up cryptocurrency exchange to reform crypto regulation
Indonesia plans to launch a national cryptocurrency exchange in 2023 as part of its regulatory reform adopted by the Indonesian House of Representatives on December 15, according to a report from Bloo...
Israel regulator wants law amended for better crypto regulation
The Israel Securities Authority (ISA) has forwarded draft amendments on crypto. It aims to protect citizens from the risks associated with trading digital assets. ISA is responsible “for safeguarding ...
Alibaba Stock Is Soaring. What’s Driving Its Big Move.
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a bu...
Coinbase to pay $100 million over failure to scale AML as business boomed
Coinbase reached a $100 million settlement with the New York Department of Financial Services following investigations into failures in its compliance program. The NYDFS fined Coinbase $50 milli...
Indian Government Launching Crypto Awareness Campaign – Regulation Bitcoin News
The government of India is launching a crypto awareness campaign that will educate investors about the legality of cryptocurrencies in the country while highlighting the risks of investing in crypto a...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. Starting Jan. 1, California and Washington state will require employers to include pay ranges with their ...
Bahamas regulator fires back in ongoing feud with new FTX leadership
Heated exchanges between authorities in The Bahamas and FTX’s new management have spilled over into the new year. The Securities Commission of The Bahamas (SCB) released a statement late on Jan....
118th Congress Should Confront Biden Administration On Overdue Regulatory Cost Benefit Reports
Not later than February 5, 2001, and on the first Monday in February of each year thereafter, the President, acting through the Director of the Office of Management and Budget, shall prepare and submi...
Nvidia CEO Jensen Huang Curbed Stock Sales When Shares Slipped
Nvidia stock tumbled in 2022, and as shares of the chip maker slid into the red early in the year, CEO Jensen Huang stopped selling. Nvidia stock (ticker: NVDA) lost half its market value in 2022. In ...
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that F...
Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency – Regulation Bitcoin News
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked ...
Leased electric vehicles now qualify for $7,500 tax break that kicks in Jan. 1
The U.S. Treasury Department will now allow electric vehicles that are leased to qualify starting Jan. 1 for up to $7,500 in clean vehicle tax credits. The law allows for a conditional $4,000 tax cred...
Opinion: 11 predictions for money, technology, stocks and crypto for 2023
Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early ...
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX – Regulation Bitcoin News
The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrenci...
Opinion: Crypto insurance is nearly nonexistent, so you’ll have to rely on common sense
If only your bitcoin could catch on fire — literally — then it might have a chance of being covered by insurance. For property, fire is a straightforward hazard. But it’s probably the one big thing th...