As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license that allows FTX to make preparations to service...
Tag: Regulator
Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. In a stateme...
Bahamas’ Regulator Explains Why it Made the Right Call to Seize FTX Assets
In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breac...
Australian Regulator Sues Block Earner Over Unlicensed Cryptos
The Australian finance regulator is suing fintech firm Block Earner over its unregistered crypto services. The Block Earner CEO countered, calling out the lack of clarity in crypto-related regulations...
Bahamas Securities Regulator Blasts ‘Inaccurate’ Accusations Made by FTX
Sam Bankman-Fried’s collapsed crypto enterprise, under new leadership, has kicked off insolvency proceedings in the U.S. Bankruptcy Court for the District of Delaware. Shortly after the company ...
Bahamas regulator defends FTX actions as bankruptcy tensions mount
The Bahamas’ financial regulator has defended its treatment of FTX in the face of allegations it gained unauthorized access to the failed crypto exchange’s systems. The Securities Commission of...
Australian regulator sues fintech company over alleged unlicensed crypto services
Australia’s financial regulator has sued Sydney-based Block Earner, citing concerns that the fintech company offered unlicensed crypto products. Block Earner offers several tiers of products tha...
Ukraine regulator drafting crypto tax rules – crypto.news
The resounding calls for crypto regulations have led to creating a special council under Ukraine’s securities (NSSMC). The new council is set to coordinate and draft crypto taxation regulations accord...
$500 Million Hack Against FTX Turns Out to Be Bahamas’ Regulator Seizing Assets
The cryptocurrency industry saw the spectacular collapse of one of its giants earlier this month, which ultimately resulted in FTX filing for Chapter 11 bankruptcy. Shortly after, though, there were s...
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme – Regulation Bitcoin News
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It fel...
Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Securities Commission of the Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors – Bitcoin News
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary t...
Bahamian Securities Regulator Confirms Ordering Transfer of FTX Funds
On November 15, FTX filed for bankruptcy in a court in New York to pursue US acknowledgment of the Bahamian liquidation processes. Just when you thought FTX’s drama couldn’t be any more interesting, i...
Ripple seeks license from Irish regulator: CNBC
Crypto payments company Ripple is seeking a virtual asset service provider license from the Irish regulator as it expands its operations in Europe, according to CNBC. When new laws on crypto re...
Was FTX Hack Fake? Bahamas Regulator Take U-Turn
FTX HACK NEWS: As the FTX contagion is expanding, the regulators are taking U-turn from their prior claims. According to a media release shared by the Securities Commission of The Bahamas, the watchdo...
Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets
“Mr. Bankman-Fried, the co-founder, and controlling owner of all of the Debtors and of FTX DM, appears to be supporting efforts by the JPLs to expand the scope of the FTX DM proceeding in the Ba...
Bahamas seized FTX Digital Markets’ assets on Nov. 12, regulator now says
The Securities Commission of the Bahamas on Nov. 12 transferred FTX Digital Markets’ assets to a digital wallet it controls, the regulator said on Twitter Nov. 17, further complicating a legal s...
Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankrup...
Aussie Regulator Terminates FTX Australia’s License
The Australian Securities & Investments Commission (ASIC) suspended the FTX Australia license until May 15, 2023, following the exchange’s recent fiasco. The crash has affected around 30,000 Aussi...
UAE regulator adopts blockchain to speed up commercial judgments
A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments. ADGM Cour...
US national crypto laws should look like New York’s, says state regulator
The superintendent of the New York Department of Financial Services (DFS) joined a nationwide regulatory discussion in the aftermath of the FTX collapse with a fresh take. Adrienne Harris believes tha...
Paradigm writes off FTX investment; UK regulator investigating Binance on FTX’s demise
The biggest news in the cryptoverse for Nov. 15 includes UK lawmakers probing Binance over FTX collapse, on-chain sleuth ZachXBT calling out Gate.io for covering up 2018 hack, and Three Arrows Capita...
NY regulator warns against Congress overriding state crypto regimes
New York’s head financial services regulator wants Congress to look at her state’s rules around crypto when thinking about a national model and warned against federal laws overriding state...
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator – Bitcoin News
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional ...
Singapore regulator says FTX doesn’t operate in the city-state
The Monetary Authority of Singapore, the city-state’s central bank and financial regulator, clarified that FTX — which filed for Chapter 11 bankruptcy protection — does not operate in the countr...
Bahamas Securities Regulator Says It Didn’t Order FTX to Reopen Local Withdrawals
Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday. The Securities Commission of the Bahamas (SCB) published a sta...
Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
The Securities Commission of the Bahamas (SCB) did not require failed crypto exchange FTX to allow withdrawals for users in the country, according to a statement shared on the financial regulator̵...
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
The Securities Commission of The Bahamas (SCB) has denied instructing or authorizing crypto exchange FTX to prioritize withdrawals of Bahamian clients. In a statement on Nov. 12, the securities commi...
Indonesia Proposes New Crypto Regulator Amid Market Volatility
Bitcoin News The amendment was recommended by Finance Minister Sri Mulyani Indrawati. The minister brought up the recent volatility in the cryptocurrency market at the meeting. It has been announced b...
Japanese Regulator Slaps FTX Japan With Business Suspension Order – Regulation Bitcoin News
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered t...
California Finance Regulator Revokes BlockFi’s Lending License
“BlockFi’s announcement, made on November 10, 2022, from its Twitter account @BlockFi, acknowledged that it cannot ‘operate business as usual’ given the ‘lack of clarity on the...