Crypto companies were put on notice on Monday when New York regulators issued a new warning about how to properly handle their customers’ digital assets. In an open letter addressed to the indus...
Tag: regulators
Crypto Shouldn’t Wait for Regulators to Fix Issues
SEC Commissioner Hester Peirce recommended against disregarding crypto in a speech at the Duke Conference. She believes that the industry must also self-regulate to a degree. United States Securities ...
Regulators in New York Taking Aim at Crypto Firms That Mishandle Customer Funds: Report
The New York state financial regulator is preparing to release new guidelines aimed at preventing another co-mingling crypto collapse like FTX. According to a new report from Reuters, the New York Sta...
global regulators stepping up their efforts, Genesis Global is bankrupt
Last week saw a notable increase in crypto-focused global regulatory efforts and a corresponding uptick in government interest across the board. The Gemini and DCG case saw some updates, with Genesis ...
Nexo confirms to pay a total of $45M in settlement to U.S. regulators
On 19th Jan, the security regulators of the U.S. North American Securities Administrators Association and Securities and Exchange Commission (SEC), announced that Nexo capital had to pay almost $45 mi...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product – Bitcoin News
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing ...
US Regulators Strike Down Bitzlato for a $700M Crypto Crime
$700 million worth of cryptos moved via Bitzlato were linked to illicit trades. Bitzlato is a not-so-famous exchange with just 1.5k Twitter followers. Hong Kong-origin crypto exchange Bitzlato is shut...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight – Regulation Bitcoin News
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion...
BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt – Regulation Bitcoin News
Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can n...
Treat Crypto like Banks: Japanese regulators
The Japanese financial watchdog has urged countries to bring tougher rules for crypto. Demands have been forwarded to the Financial Stability Board. Recent events in crypto have highlighted the need...
Deaton Says People Predicting SEC Win Over Ripple Are Overstating Regulator’s Chances
– Advertisement – Attorney Deaton comments on the SEC’s common enterprise argument. Prominent cryptocurrency lawyer John Deaton said people predicting an outright SEC win over Ripple in th...
Japanese regulators want crypto treated like traditional banks
Financial regulators in Japan have urged global regulators to treat crypto the same way as they do banking, calling for tougher rules for the sector. According to the deputy director-general of the Fi...
Japanese regulators push for crypto to be treated like banks – Cryptopolitan
In a call to standardize crypto regulations across different countries, Japanese financial regulators are pleading for global counterparts to handle digital assets like traditional banking systems. To...
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’ – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered ...
Tyler Winklevoss Responds to SEC’s Charges Against Gemini, Says Regulator’s Actions Are ‘Counterproductive’
The chief executive of Gemini is calling the U.S. Securities and Exchange Commission’s (SEC) actions against the crypto exchange “counterproductive.” In response to the SEC recently charging Gemini wi...
Regulators delayed Gemini Earn action despite knowing about it ‘for over a year’
As the newest scandal in the cryptocurrency field continues to unravel, the former chief of the Enforcement Department at the United States Securities and Commission Exchange (SEC) is mystified as to ...
Thai regulators want to know more about Zipmex accounts
Thailand’s Securities and Exchange Commission is looking into Zipmex’s local branch over its earn program due to suspicions that appear to include how the business represented the interest payments it...
Binance secures its 7th approval in Europe with Swedish regulators
The Swedish Financial Supervisory Authority registered Binance, the world’s largest cryptocurrency exchange, as a financial institution for virtual currency management and trading in Sweden. This is t...
Crypto Industry Hopes Turn to French Legislators as Regulators Back Mandatory License
His worry is that, under Maurey’s plans and until MiCA is up and running, crypto firms based in other EU member states could have to seek a duplicate license in France – despite the fact that MiCA is ...
South Korean regulators target Bithumb in new probe
South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10, tax agents reportedly raid...
Nepal Regulators Orders ISPs To Cease Crypto Websites
Nepal’s telco regulators have ordered internet service providers to ban all cryptocurrency-related services in their recent notification released on January 8. Nepal’s stance on crypto has previously ...
Crypto.com Under UK Regulators’ Scrutiny for False Advertising
Crypto.com is in legal trouble with UK’s watchdog for misleading advertisements, while crypto companies are parting ways with sports partnerships. The UK Advertising Standard Authorities (ASA) have ac...
Google is using CoinMarketCap data even as regulators scrutinize Binance
Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange by trading volumes and client count, Binance, in a tweet on Jan. 7, said Google uses CoinMarketCap (CMC) data streams. In recent...
The Joint Crypto Warnings Issued by The US Regulators and FED
The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the age...
ECB Board Member Urges Regulators To Treat Crypto Like Gambling Activities
– Advertisement – Crypto community members are not pleased with the latest blog post from the ECB. Crypto community members yesterday and today took to Twitter to express their views on a ...
Shares of Robinhood Worth $450M Seized by Regulators From FTX
3 hours ago | 2 mins read Exchange News The next court date involving FTX, and the Robinhood shares is set for January 20, 2023. FTX’s creditors and BlockFi stake a claim to the shares. While FTX was ...
$1 billion inflows Coinbase (COIN) market cap as it settles with NY regulators
The stock of cryptocurrency exchange Coinbase (NASDAQ: COIN) rallied 12% on Wednesday, January 4, with the equity attracting increased buying pressure. In particular, as of January 5, Coinbase had a ...
US Regulators and the Fed Jointly Issue Crypto Warnings – Regulation Bitcoin News
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations....
Coinbase Stocks Rise 12% Following $100M Settlement With US Regulators
Cryptocurrency exchange Coinbase reached an agreement to pay a $50 million penalty to New York state’s Department of Financial Services to settle accusations that it enabled customers to open accounts...