Three months after being elected into power, the Australian Labor party has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “to...
Tag: Regulation
Warren Buffett’s Berkshire Hathaway Cleared to Buy as Much as Half of Occidental’s Shares
Warren Buffett’s Berkshire Hathaway has the green light from regulators to purchase as much as 50% of Occidental Petroleum Corp.’s shares, after seeking approval for such a transaction in July. In a r...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
Crypto regulation: what has happened in the past year
Starting in September 2021, crypto regulation around the world has evolved, although there are still plenty of countries without specific cryptocurrency regulation. The latest in crypto regulation Th...
Grayscale CLO on taking their bitcoin ETF rejection to the courts
Episode 78 of Season 4 of The Scoop was recorded remotely with The Block’s Aislinn Keely and Craig Salm, Chief Legal Officer at Grayscale. Listen below, and subscribe to The Scoop on Apple, Spot...
Ethereum’s Buterin Throws Jab At XRP As He Propels Fight Against Canada’s New Crypto Regulation ⋆ ZyCrypto
Advertisement     The co-founder of Ethereum, Vitalik Buterin, is again criticizing XRP and its proponents. In a recent tweet, Buterin asserted that XRP has no right t...
Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors – Regulation Bitcoin News
The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authori...
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges – Regulation Bitcoin News
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entit...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Federal Reserve governor pumps the brakes on US CBDC in favor of FedNow
A leader at the Federal Reserve is pumping the brakes on speculation surrounding crypto engagement from the regulator. In an August 17 speech, Federal Reserve Governor Michelle Bowman took issue with ...
‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’ – Regulation Bitcoin News
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks v...
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers – Regulation Bitcoin News
The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present...
ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services – Regulation Bitcoin News
The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the Euro...
Tornado Cash Sanctions Prove DeFi Regulation Is Inevitable
– Advertisement – Last week’s decision by the U.S. Treasury Department’s Office of Foreign Assets Control to sanction the cryptocurrency mixer Tornado Cash was the first major action again...
Senator claims the FDIC is stonewalling banks that try to work with crypto
Senator Pat Toomey, R. PA, is calling the Federal Deposit Insurance Corporation to account for its work in crypto. In an August 17 letter to FDIC acting chairman Martin Gruenberg, Toomey says the age...
Inflation Reduction Act promises tax credits for EVs — here’s how to claim them
Your new electric car may land you a $7,500 tax credit now that the Inflation Reduction Act — designed to fight climate change and inflation — has been signed into law by President Biden. But the new ...
Aztec Co-founder on Web3 Regulation After Tornado Cash Sanctions
Aztec co-founder discussed the future of Web3 privacy after tornado cash sanctions. He also stated that the Tornado Cash Ban would be seen as an act of “self-harm.” Zac Williamson, who is the co-found...
British Fintech Revolut Granted Crypto License in Cyprus – Regulation Bitcoin News
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow...
Ryan Cohen Signals Intent to Sell Bed Bath & Beyond Stake
Text size Activist investor Ryan Cohen, pictured here, signaled in a regulatory filing his intent to sell a stake in Bed Bath & Beyond. C.M. Guerrero/Miami Herald/TNS/Alamy Live News Bed Bath &...
SEC files suit against Dragonchain over $16.5 million ICO
The Securities and Exchange Commission has hit yet another 2017 initial coin offering with legal action. On August 16, the SEC filed a complaint against several business entities surrounding Dragoncha...
Tencent Q2 2022 Financial Report Falls Short of Revenue Forecasts for First Time Due to Covid Resurgence, Gaming Regulation
Tencent ascribed its disappointing Q2 2022 report due to a number of macroeconomic factors. These include Covid resurgence-induced lockdowns and tighter gaming laws for minors Tencent recently posted ...
Best Buy to sell OTC hearing aid devices after FDA regulation
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said Wednesday that it will offer an expanded collection of hearing p...
Crypto.com eyes security via regulation as it secures UK FCA approval amid global compliance tour
Major crypto exchange Crypto.com secured approval from the U.K. Financial Conduct Authority (FCA) in its most recent addition to its list of newly confirmed territories. While Crypto.com services were...
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion – Regulation Bitcoin News
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made b...
TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’
Blockchain analytics firm TRM Labs says that the Tornado Cash sanctions present new problems for crypto firms trying to comply with US regulations. TRM Labs provides information to crypto entities suc...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...