Shares in Raiffeisen Bank International AG dropped in early trade Monday after it disclosed that it had received a request for information from the Office of Foreign Assets Control, the U.S. Treasury ...
Tag: Regulation
Commissioner Peirce on the SEC’s ‘unimaginative’ approach to regulation
Policy • February 20, 2023, 5:00AM EST Episode 13 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and SEC Commissioner Hester Peirce. Listen below, and subsc...
The Block: SEC planting its regulatory flag as Congress still to pick a regulator: SEC’s Peirce
Policy • February 20, 2023, 5:00AM EST The Securities and Exchange Commission is attempting to “plant its regulatory flag,” while Congress is still mulling which agency will be police crypto, sa...
Zambia tests technology for crypto regulation
Bank of Zambia and the country’s securities regulator are “testing technology” to enable the regulation of cryptocurrencies, said Technology and Science minister Felix Mutati on the ...
Al Gore’s Firm Sells Alibaba Stock, TSMC, and Shopify. It Bought TI.
Generation Investment Management, chaired by former Vice President Al Gore, recently made big changes in its portfolio, reshuffling its holdings in the semiconductor business as its money managers cit...
At 55 years old, I will have worked for 30 years — what are the pros and cons of retiring at that age?
Dear MarketWatch, I currently own one home, no mortgage with rental income. I own another home that will be paid off the year I turn 55. Both valued at $750,000. I have a 401(k) and other stocks and...
EU Crypto Regulation Outlook – The Cryptonomist
Europe wants to become crypto’s global standard setter (and they might well succeed) 2022 was a big year for crypto, although probably not in the sense that most people were initially hoping for. The ...
Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry – Regulation Bitcoin News
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog ...
US Crypto Regulation Outlook by APCO
Washington meets the wild west of Crypto By Jeff Zelkowitz It’s an odd sight to watch Congressional Democratic and Republican politicians in violent agreement with each other and working together to a...
How the US Will Pay the Price for Greater Crypto Regulation
As U.S. regulators set their sights on crypto companies, does this mean that other countries are in with a chance at becoming a crypto hub? The United States Securities and Exchange Commission (SEC) i...
Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status – Regulation Bitcoin News
Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and oth...
SEC’s Crypto Regulation Proceedings Reach to Custody Services
US SEC looking for expansion of existing custody services to include crypto Earlier it took actions against crypto staking services and barred a crypto exchange from it The tightening of regulatory gr...
U.S. investigation into Do Kwon and his infamous stablecoin unveils several new revelations
The collapse of supposed stablecoin TerraUSD last May wiped out more than $40 billion of market value held by investors who bought into the story that creator Do Hyeong Kwon and his firm Terraform Lab...
Hester Peirce Calls for Immediate Crypto Regulation
Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce – who’s often dubbed the “crypto mom” thanks to her open-minded nature towards bitcoin and crypto – is calling for strict regulat...
SEC warns celebrities after charging NBA Hall of Famer over crypto promotion
Policy • February 17, 2023, 11:30AM EST NBA Hall of Famer Paul Pierce settled charges brought by the U.S. Securities and Exchange Commission for unlawfully touting tokens sold by EthereumMax. ...
Gate.io integrates with Copper’s ClearLoop network amid fresh focus on custody
Crypto exchange Gate.io is partnering with digital asset custody firm Copper.co to fully integrate with its ClearLoop solution in a move that will allow users to quickly execute trades while maintaini...
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asse...
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers – Regulation Bitcoin News
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have...
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations – Regulation Bitcoin News
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transf...
SEC charges Terraform and Do Kwon post Terra collapse
Policy • February 16, 2023, 5:01PM EST The Securities and Exchange Commission charged Terraform Labs and its CEO Do Hyeong Kwon over its algorithmic stablecoin Terra USD, which collapsed dramatically ...
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework – Regulation Bitcoin News
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory...
The Block: US regulators may spell Armageddon for crypto, but they’re not wrong: Compound’s Leshner
Recent crackdowns by U.S. regulators in the crypto industry are a “planned set of product takedowns” and risk annihilating the young market, Compound Labs founder Robert Leshner said. They’re not wron...
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’ – Regulation Bitcoin News
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lendin...
US crypto regulation on track despite recent SEC enforcement actions
Ad Despite recent SEC enforcement actions against Kraken and Paxos, Jeff Zelkowitz, Executive Vice President at APCO Worldwide, said there is appetite and willingness among U.S. lawmakers to “get some...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
Banks limit deals with crypto firms amid rising regulation
As per an S&P report, banks have started limiting their interactions with crypto firms. However, firms like Coinbase will continue operations as normal. Banks in the traditional finance sector ar...
US lawmakers and experts debate SEC’s role in crypto regulation
The United States Securities and Exchange Commission and its chair Gary Gensler were the targets of many lawmakers and witnesses at a hearing exploring the crash of the crypto market. In a Feb. 14 hea...
Senate Republican drafting proof-of-reserve legislation
Policy • February 15, 2023, 10:46AM EST Published 16 hours and 30 minutes earlier on Sen. Thom Tillis, R-N.C., is drafting legislation to require digital asset exchanges and custodians operating in th...
SEC to vote on rule that would tighten crypto custody requirements
The Securities and Exchange Commission will vote on a rule that would raise requirements for how registered investment advisers custody assets — including crypto. The agency will vote on propo...