The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
Tag: Regulation
White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space
The White House is weighing in on the recent crypto meltdown with pro-regulatory comments in a recent press briefing. On Thursday, White House press secretary Karine Jean-Pierre responded to questions...
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’ – Regulation Bitcoin News
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Fina...
Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin News
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisiona...
Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight – Regulation Bitcoin News
The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of re...
‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions
A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...
US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’ – Regulation Bitcoin News
U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the ...
Indonesia Plans to Tighten Crypto Regulation Following FTX’s Insolvency
Indonesia plans to give its Financial Services Authority (OJK) the power to regulate cryptocurrency investments and market oversight. The country’s Trade Ministry currently polices the digital asset...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer fun...
Romance scams and ‘pig butchering’ play key role in growing crypto complaints
The lovelorn among us are prime candidates for crypto scammers, a new bulletin from the U.S. Consumer Financial Protection Bureau (CFPB) shows. CFPB data show that fraud and scams were the focus...
Bahamas securities regulator freezes FTX assets
The Securities Commission of the the Bahamas said it has taken action to freeze assets of FTX Digital Markets and related parties. “The Commission is aware of public statements suggesting that c...
European G20 leaders call for urgent regulation of ‘crypto conglomerates’
Central bankers and financial regulators making up the Financial Stability Board’s European arm discussed the urgent need to regulate crypto given “recent developments,” and endorsed their October rep...
White House is monitoring FTX implosion, calls for more crypto regulation
The Biden administration has renewed its call for more rules around cryptocurrencies in the U.S. “The administration has consistently maintained that without proper oversight cryptocurrencies ri...
Bahamian regulator investigating problems at FTX: Tribune
A Bahamian regulator is investigating problems at crypto exchange operator FTX, local newspaper The Tribune reported citing unnamed sources. FTX Digital Markets, an FTX unit, is licensed in the...
Wall Street sees tightening of regulatory screws after FTX crypto catastrophe
Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Gensler pressed on FTX failure, warns investors to ‘be careful, beware.’
Securities and Exchange Commission Chair Gary Gensler continued to raise red flags about the crypto industry, and responded to questions about whether his agency has failed to go after large actors in...
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro – Regulation Bitcoin News
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital eu...
Current crypto legislation ‘undermines’ the SEC, Gensler says
Current legislation undermines the authority of the Securities and Exchange Commission, Chairman Gary Gensler said in an address to the Healthy Markets Association today. “As Congress loo...
Gensler says FTX collapse is ‘part of a pattern’ in crypto markets
Gary Gensler, chairman of the Securities and Exchange Commission, said that Tuesday’s sudden FTX collapse is part of a wider trend in digital assets. “What we’ve seen in the last tw...
Japanese Web 3 Lawmaker Urged To Make The Crypto Regulation More Easier
Once known as a hub for crypto verse, specifically in the first decade of Bitcoin’s inception, Japan started to put regulations around the crypto sphere in 2018. Not eager to stifle innovation in the ...
Bettors doubting big time that Binance, FTX deal will close, prediction platform shows
A blockchain-based predictions market is showing increasing skepticism that Binance will complete its non-binding deal to acquire the non-U.S. assets of rival exchange FTX as due diligence gets underw...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
How the Fall of Washington’s Favorite Crypto Billionaire Will Change Regulation
In a major setback for its regulatory future, the crypto industry has lost what likely was its biggest and most-connected cheerleader in Washington. FTX CEO Sam Bankman-Fried, who charmed the interne...
FTX’s Fall Might Hurt CEO’s Crypto Regulation Lobby
The mid-term election in the US is playing a role in influencing and reshaping the regulatory landscape of the crypto industry amid the turmoil brought about by the collapse of the crypto exchange FTX...
FTX ‘s Collapse Might Fail SBF to Lobby Crypto Regulation
Meanwhile, the mid-term election in the US is also influencing and reshaping the regulatory landscape in terms of cryptocurrency amid the turmoil of the collapse of FTX in the crypto market. With a c...
Sen. Lummis points to FTX-Binance as catalyst for her crypto legislation
At least one senator is calling on Congress to reconsider crypto legislation following Binance’s bailout of FTX earlier today. “Market manipulation, lending activity, and whether cus...
Nvidia Can Outperform Its Peers, Analyst Says. Earnings Are Coming.
Restrictions on chip sales to China and falling demand for PCs are problems for Nvidia right now, but Piper Sandler wants investors to focus on growth in its key data center business in 2023. The chip...