In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 a...
Tag: Regulation
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say – Regulation Bitcoin News
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect invest...
What possible credit-card legislation could mean for Visa, Mastercard — and you
Credit-card companies look to be under a political microscope once again as senators announced a new bill that would target Visa Inc. and Mastercard Inc. Sen. Dick Durbin, an Illinois Democrat, and Se...
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid SEC Lawsuit Over XRP – Regulation Bitcoin News
Ripple’s general counsel has urged U.S. lawmakers to pass “sensible crypto legislation” amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. “Rather than providing regulatory ...
Boeing Clears Hurdle for Resuming 787 Dreamliner Deliveries
U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people fa...
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. “I’ve asked our staff to work direc...
Crypto Miners Get Leverage From Iran Regulation: Access To Renewable Power
9 hours ago | 2 mins read Market News Each country focuses on crypto regulations, some have strengthened the rules but revising and making minor changes is constant. Similarly, the authorities of Iran...
Crypto Firm Lost $300 Million, Is This The Last Straw To Regulation?
The calls for crypto regulation intensified as reports revealed that Babel Finance lost a huge sum to proprietary trading using customer funds. The Asian crypto platform that recently suspended its wi...
Intel Shows Limits of Chips Act
There is a rich irony to the notion that U.S. lawmakers rescued a giant subsidy package for the semiconductor industry just as the country’s largest chip maker proved the limits of such measures. On T...
Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims – Regulation Bitcoin News
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter ...
Time To Abolish Zoning? New Book Makes The Case
Close-up Of A Businesspeople Analyzing Cadastre Map On Computer In The Office getty In many U.S. cities housing is too expensive. Housing prices in coastal cities such as New York and San Francisco ar...
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline
The much talked-about but never resolved stablecoin bill still is not ready to see the light. With this Congress coming to a close and August recess beginning in days, the bill’s odds of becomin...
U.S. Bank workers opened fake accounts to meet sales goals, feds say
NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...
Inflation Reduction Act: What to Know About the Democrats’ Latest Economic Package
The bill Sen. Joe Manchin (D-W.Va.) and Majority Leader Chuck Schumer agreed to aims to address climate change, healthcare, taxes, and more. Photo by Kevin Dietsch/Getty Images Text size Build Back Be...
UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’ – Regulation Bitcoin News
According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reform...
Senate Reconciliation Bill Would Close Carried Interest Loophole. What It Means for Private Equity.
Text size Sen. Joe Manchin wants to eliminate a provision giving favorable tax treatment to the private-equity industry. Alex Wong/Getty Images In a surprise, Senate Democrats reached a deal on a bill...
UK National Crime Agency Seizes $33 Million in Cryptocurrency – Regulation Bitcoin News
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” th...
What The Kraken Investigations Mean For Crypto Regulation
Kraken, a cryptocurrency exchange based in the U.S., is reportedly the subject of an investigation launched by the country’s Treasury Department, with the investigation said to have been ongoing...
Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP – Regulation Bitcoin News
Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an...
Ripple’s General Counsel Slams SEC’s Regulatory Approach, Calls for “Sensible Cryptocurrency Regulation From Washington”
– Advertisement – Stuart Alderoty, the General Counsel at Ripple, has once again slammed the Securities and Exchange Commission (SEC) for its cryptocurrency regulation stance. According t...
Crypto exchange Kraken under investigation for violating US sanctions: NYT
The US Treasury Department has been investigating Kraken since 2019 and is expected to impose a fine on the cryptocurrency exchange, according to a New York Times report. The firm may have violated US...
‘I Don’t Believe in Any Kind of “Gotcha” Regulation,’ CFTC Commissioner Says on SEC Insider Trading Case
“I believe that anything that might impact or implicate the CFTC’s jurisdiction, it’s our job to go in there to enforce the law, and to make sure that we’re prosecuting wrongdoing,” Pham said on CoinD...
Will Regulation Navigate DeFi and NFTs To Go Mainstream?
6 hours ago | 2 mins read Editors News As per popular predictions, the NFT sector would attain $210 billion by 2030. Overall TVL of the DeFi sector is under $90 billion, at press time. Last week, the ...
Public pension hole now $11,000 per U.S. worker
Top state and local pension funds lost $250 billion on the markets during the month of June and are down more than $600 billion for the year, according to a new study. The 100 biggest public sector pe...