Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
Tag: Regulation
FTX implosion has U.S. regulators on watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance. The Commodity Futures Trading Commi...
Bank of Russia Suggests NFT, Smart Contract Regulation
The bank of Russia also suggested including digital assets trading into the traditional stock market infrastructure. Rules of access to the digital assets market should be harmonized with the ones for...
US Announces ‘Historic $3.36 Billion Cryptocurrency Seizure’ as Silk Road Bitcoin Thief Pleads Guilty – Regulation Bitcoin News
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the ...
US Lawmakers ‘Deeply Concerned’ That SEC Is Enacting Rules Too Quickly, Without Sufficient Feedback – Regulation Bitcoin News
Two U.S. lawmakers have requested answers from the Securities and Exchange Commission (SEC) about its rulemaking process. Their request followed the latest SEC Inspector General report that “raises si...
New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’ – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro...
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
SEC wins suit against LBRY in major blow to crypto token issuance
The Securities and Exchange Commission has prevailed in a courtroom battle with decentralized publishing platform LBRY after arguing that its token was subject to regulatory oversight. The court...
UK asks public if minimal NFT regulation will suffice
UK Parliament has asked the public to weigh in on non-fungible token (NFT) regulation amid tanking sales and depreciating value. An inquiry was launched on Thursday by the Digital, Culture, Media and ...
CBDCs Could Need Global Regulation, EU Commissioner Says
“How do you avoid the risk of infringing the sovereignty of other jurisdictions through a digital currency… while developing a digital currency with global ambition, as the digital euro will be?” said...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
Would DeFi Have Fewer Failed Projects If It Had Better Regulation? (Opinion)
The decentralized finance industry has seen its fair share of incidents, either due to human error or otherwise. As a result, the call for regulation has never been louder, even if it may not necessar...
Rohit Chopra is cracking down on big banks and Big Tech. Is he out of control?
In March, Rohit Chopra was invited to give a virtual speech at the University of Pennsylvania, an Ivy League school known for churning out finance-minded graduates who fill the rosters of Wall Street ...
SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised mo...
Support for Ripple Grows in SEC Lawsuit Over XRP — CEO Says ‘It’s Unprecedented’ – Regulation Bitcoin News
Support for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It’s unprecedented,” Ripple CEO Brad Garlinghouse said,...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and block...
India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline
Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...
Polkadot backers say SEC should no longer treat token as a security
The Web3 Foundation that funds development of Polkadot said the blockchain’s token should no longer be considered a security subject to regulation by the U.S. Securities and Exchange Commission. R...
Find Here The Details of MiCA Bill for Crypto Regulation
The Markets in Crypto Assets (MiCA) regulation recently got approval from the Council of the European Union on October 05, 2022. The subject of the proposal is the regulation of the European Parliamen...
SEC charges Trade Coin Club in alleged $295 million bitcoin Ponzi scheme
The Securities and Exchange Commission filed a case against the operators of Trade Coin Club, which they allege to be a massive crypto Ponzi scheme. The SEC’s complaints outline a scheme ...
British Parliament Opens Inquiry Into NFTs and Blockchain Technology To Determine Regulation Needs
Members of the UK parliament are opening an official inquiry into blockchain and non-fungible token (NFT) technology in an effort to explore properly regulating the space. In a new announcement, the U...
CEO says regulation needed to keep firms in line on sustainability
The last few years have seen huge swathes of companies make net-zero commitments and other sustainability-related goals. Shansche | Istock | Getty Images Companies need regulation and greater accounta...
Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets – Regulation Bitcoin News
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organiza...
Can India lead the crypto regulation effort? Here’s what this industry expert thinks
After India’s finance minister announced that the cryptocurrency sector will be one of the country’s priorities during its future G20 presidency that begins in 2023, a crypto hedge fund CEO has offere...
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements – Regulation Bitcoin News
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain rep...
HashKey Capital obtains license from Singapore regulator
Singapore’s financial regulator granted HashKey Group’s investment arm a license to operate in the city state. The firm announced today that it has received approval for a Capital M...
JPMorgan, DBS Bank, SBI Complete Live Defi Trades on Public Blockchain – Regulation Bitcoin News
JPMorgan, DBS Bank, and SBI Digital Asset Holdings have completed their first lives trades on a public blockchain using decentralized finance (defi), tokenized deposits, and verifiable credentials und...
EU’s MiCA regulation vote deferred to February 2023: spokesperson
The European Union is now expected to adopt a benchmark framework for regulating crypto assets early next year. The European Parliament was to take its final vote on the Markets in Crypto-Assets...