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Tag: Regulator
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse – Regulation Bitcoin News
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX whi...
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security – Bitcoin News
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and...
MyConstant issued desist and refrain order from California regulator
Investment platform MyConstant has been ordered by the California Department of Financial Protection & Innovation (DFPI) to desist and refrain from violating the California Securities Law and Cali...
UK tax regulator welcomes crypto service providers with new tax exemption
United Kindom’s tax regulator invited crypto service providers to operate in its jurisdiction by announcing the inclusion of cryptocurrencies in a tax exemption program. The Commissioners for His Maje...
UK ad regulator bans Crypto.com and Turtle United NFT advertisements
The UK’s Advertising Standards Authority (ASA) has ruled against advertisements by Crypto.com and Turtle United for their non-fungible token (NFT) promotions. The ASA determined that both companies di...
French regulator AMF blacklists only two crypto websites in the whole year
Financial regulators in France continue flagging illicit players on the foreign exchange (forex) and cryptocurrency markets, blacklisting a fresh batch of related websites. The French stock markets re...
UK Advertising Regulator Flags Crypto.com’s NFT Promotion
The Advertising Standards Authority (ASA) – UK’s advertising regulator – banned an NFT promotion by Crypto.com on December 21. According to the press release, ASA flagged a paid-for Facebook advertise...
UK advertising regulator bans Crypto.com, Turtle United NFT promotions
The UK’s advertising regulator has ruled against NFT promotions by Crypto.com and a project called Turtle United for failing to lay out the risks of investing in NFTs and not properly illustrati...
Global regulator approves new banking regulations for crypto
On Friday, the Basel Committee for Banking Supervision (BCBS) announced that its global crypto banking rules would be implemented as of January 1, 2025. Details on the global crypto banking rule This ...
New York financial regulator sets crypto guidelines for banks
The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operatio...
New York State Financial Regulator Issues Guidance for Banks That Want To Engage With Crypto
The New York State Department of Financial Services (NYDFS) is publishing new rules for banks planning to submit proposals to venture into crypto. Under the new guidance, New York-regulated banking or...
Crypto Guidance For Banks Published by New York Regulator
On Thursday, New York’s Department of Financial Services (DFS) released guidance for banks that want to engage with virtual currencies (VC). The information concerns all banking institutions within th...
New York Banking Regulator Rolls Out New Crypto Guidelines ⋆ ZyCrypto
Advertisement     The New York State Department of Financial Services has issued a new guideline to protect customers against the dangers of another cryptocurrency cra...
EU financial regulator braces up for tokenized securities pilot
The European Union’s financial regulators are laying out guidelines preparing market participants on how to operate in a tokenized securities sandbox. The EU will launch a pilot for market actors to e...
British Regulator FCA Claims Crypto Exchanges Aid Money Laundering
In the past few weeks, regulators all around the world have been ranting against Bitcoin and cryptocurrency in general, and their outlandish denouncements are becoming increasingly outrageous. The Fin...
Australian regulator sues Finder.com for crypto yield offering
The company disagrees with ASIC’s assertion that a crypto yield-bearing product from Finder’s registered exchange was operating illegally, but the company has not disclosed whether or not ...
Finder.com sued by Australian regulator over its crypto yield product
Financial product comparison website Finder.com is being sued by Australia’s financial services regulator for allegedly offering a cryptocurrency yield-bearing product without the required license. It...
Australian Securities Regulator Sues Platform for Crypto Product
The Australian finance watchdog has filed a lawsuit against Finder Wallet for violating consumer protection regulations. The Australian Securities and Investments Commission (ASIC) sued the unit of Fi...
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
New York Banks Now Need Approval Before Engaging with Crypto, Regulator Says
A New York financial regulator wants advanced notice before banks do anything involving digital assets. The New York State Department of Financial Services issued new guidance requiring state-re...
FTX ‘Co-CEO’ Warned Bahamas Regulator For Potential Misuse of User Funds
The FTX collapse raises thousands of unanswered questions regarding cryptocurrency; some call this a fraud and others call it a scam but what exactly happened is not clear yet. According to a media ou...
Next UK financial regulator calls for tougher crypto rules: FT
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. Speaking at a cross...
Bahamian securities regulator slams new FTX CEO over ‘misstatements’
The Securities Commission of Bahamas has slammed FTX’s new CEO for his statements regarding the ongoing investigation into the bankrupt crypto exchange. In a press release sent to Cointelegraph...
New York regulator and BitLicense proponent gets seat on federal counsel of agency leaders
Adrienne Harris, the leader of New York’s state banking and financial regulatory agency that oversees the state’s BitLicense, has been named to a non-voting seat on the Financial Stability...
Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX
The Securities Commission of the Bahamas has accused new FTX CEO John Ray of making “misstatements” in order to “advance questionable agendas” related to the exchange’s restructuring. Liquidatio...
Bahamian regulator rejects new FTX CEO’s bankruptcy coordination allegations
The Securities Commission of The Bahamas rejected recently appointed FTX chief John Ray’s allegations that Bahamian officials worked with former CEO Sam Bankman-Fried to shelter the failed crypt...
Canadian regulator bans crypto leverage
Crypto exchanges operating in Canada have to comply with new directives after the Canadian Securities Administrators (CSA) said it had updated its approach to the regulation of crypto trading in the c...
Canadian regulator tightens grip on crypto trading platforms
Canada’s financial regulator is expanding the provisions crypto trading platforms are expected to adhere to in light of the FTX exchange collapse last month. Licensing will also see tighter enforcemen...
Alameda Former CEO Caroline Ellison Hires SEC Ex-Top Regulator As Attorney For FTX Investigation
Former Alameda Research CEO Caroline Ellison will need all the help she can get from no other than a highly decorated former regulator of the US Securities and Exchange Commission when she faces grill...
China’s regulator sees FTX’s bankruptcy as a reason for tighter regulation
The China Securities Regulatory Commission (CSRC) believes FTX’s bankruptcy filing had far-reaching ramifications for the broader cryptocurrency ecology and showed the need to enact more stringent reg...