Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
Tag: Regulation
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’ – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on w...
U.S And U.K To Collaborate On Crypto Regulation: FCA
The financial Conduct Authority (FCA) intends to enhance collaboration to explore crypto regulations. Nikhil Rathi, CEO at FCA, reveals the regulator is in talks with the U.S. In recent months, FCA ha...
Rethinking approaches to regulation of the Fourth Industrial Revolution
Mass adoption of technologies of the Fourth Industrial Revolution (4IR) potentially could trigger an even larger than projected transition to a new taxonomy of regulation concerning various fields of ...
SEC could tailor disclosures for crypto firms
The US Securities and Exchange Commission (SEC) could tailor disclosures to suit crypto companies, Chair Gary Gensler said Thursday, offering new insight into the commission’s future rulemaking. “I...
Aussie FPA supports ‘crypto rule book’ and regulation of exchanges
The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book” idea and called for regulating exchanges instead of crypto assets. In May, the Australian Law Ref...
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework f...
Without Proper Regulation, Crypto Assets Are At Major Risk ⋆ ZyCrypto
Advertisement     The Bank of England, in a report, has made claims that the sharp volatility of crypto assets gives the asset class the potential to pose a “systemic ...
Putin Signs Law Prohibiting Payments With Digital Assets in Russia – Regulation Bitcoin News
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating ...
US and UK set to ‘deepen ties’ on crypto regulation, says British watchdog
United Kingdom financial regulator, the Financial Conduct Authority (FCA), has announced plans to enhance collaboration with the United States in exploring crypto regulations. In a speech on July 14, ...
Stablecoin Regulation Ramps Up Across the Globe With New BIS Guidance
Stablecoins generally must follow the same settlement rules as traditional finance, BIS said In the wake of UST, clear rules are essential, international governments agree As regulators around the wor...
Members Of Congress Push Back On EPA’s Threat To The Permian Basin
WASHINGTON, DC – APRIL 21: Rep. August Pfluger (R-TX) speaks to the media with members of the … [+] Republican Study Committee about Iran on April 21, 2021 in Washington, DC. The group has...
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds – Regulation Bitcoin News
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal ...
Ukraine seizes $3 million in cash, other assets from crypto traders accused of funneling Russian funds
Ukrainian authorities have broken up what they say was a crypto trading desk that illegally funneled money for Russians. The Ukrainian Prosecutor General’s office on July 12 announced the seizu...
Bank of England Governor on Crypto Regulation: ‘People Don’t Fly for Long on Unsafe Airplanes’
The Bank of England has again urged regulation of cryptocurrencies, with the central governor today stating that “technology does not change the underlying risks in economics and finance.” In a speech...
ECB says crypto regulation needed MiCA yesterday — it’ll take years to enact
The European Central Bank (ECB) has sounded the alarm on crypto and stablecoins in its latest bulletin, calling on the urgent enactment of proposed crypto regulation measures known as MiCA — which wil...
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban – Coinotizia
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi...
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban – Regulation Bitcoin News
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi...
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’ – Regulation Bitcoin News
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recent...
SARB to Introduce Crypto Regulation
The South African Reserve Bank (SARB) announced on Wednesday plans to introduce a regulatory framework for cryptocurrencies, Kuben Naidoo, the Deputy Governor of the Central Bank, revealed. After year...
BIS Committee and IOSCO issue guidance for regulation of stablecoin arrangements
The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for...
UK Lawmakers Seek Inputs On Regulation Of Digital Assets
To investigate the opportunities and hazards that crypto assets present for consumers and businesses, UK Lawmakers Treasury Select Committee has opened an investigation into them. UK Lawmakers Launch ...
Crypto: In Regulation We Trust
The crash of the digital asset markets, accelerated by the failure of two multi-billion-dollar DeFi initiatives, has once again left users questioning whether crypto can be trusted. The short answer i...
Recession Fears Are Top Of Mind, But We Should Be More Worried About America’s Weak Economic Growth
WASHINGTON, DC – MAY 04: U.S. President Joe Biden speaks during an event at the Roosevelt Room of … [+] the White House on May 4, 2022 in Washington, DC. President Biden delivered remarks ...
US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets – Regulation Bitcoin News
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidator...
FSB labels crypto as an ‘unreliable store of value’ needing ‘robust regulation’
Although the cryptocurrency sector is expanding and digital assets like Bitcoin (BTC) are becoming more accepted, some financial regulators are distrustful and are seeking ways to impose more control ...
Tech can’t remove all financial risks, crypto regulation needed: BOE
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governo...
Europe Reveals Brutal Plans on Crypto, with DeFi DAOs & Holders About to Face Regulation
Gamza Khanzadaev European Central Bank has very hawkish view on crypto; even DeFi holders can get regulated The European Central Bank unveiled a fresh macroprudential review that paints a picture of E...
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, deno...