The ongoing United States cryptocurrency sector regulation debate has significantly narrowed down to managing stablecoins, especially after the infamous Terra (LUNA) ecosystem collapse. Although the g...
Tag: Rules
Indonesia to Update Govt Rules for Crypto, Implement More local Control
Indonesia could see new rules for crypto asset exchanges. The South Asian country’s trade ministry is planning to issue new rules to govern crypto exchanges that will require two-thirds of the b...
Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules – Regulation Bitcoin News
Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are pre...
Cops Taking Property From The Innocent Is “Legitimate,” South Carolina Supreme Court Rules
In a major blow against government accountability, the South Carolina Supreme Court last week upheld the state’s civil forfeiture laws, which let police permanently confiscate cash, cars, and even hom...
Big Regional Banks Might Face New Rules for Dealing With a Crisis
WASHINGTON—A group of President Biden-appointed bank regulators are considering new rules to require large regional banks to add to financial cushions that could be called on in times of crisis. The s...
Chinese Court Rules Crypto as Virtual Property Protected by Law
Bitcoin News Wenjie is entitled to the protections accorded to the owner of virtual property. In its ruling on cryptocurrencies, the court said that although LTC is a “network currency.” According to ...
China Court Rules Crypto As Property Despite Trading Ban
Ruling in the instance of an outstanding loan case, a court in Beijing has found that cryptocurrency is protected by Chinese property laws. ‘LTC Is Not Currency’ The Beijing Number One Intermediate P...
Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules – Regulation Bitcoin News
A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulatio...
Court Rules Celsius Network’s Holdings to Be Probed by Independent Examiner: Report Court Rules Celsius Network’s Holdings To Be Probed by Independent Examiner: Report
An independent examiner will look into various aspects of Celsius Network’s digital asset holdings, a US Bankruptcy Court ruled. It indicates that the failed crypto lending platform will face more str...
Multiple crypto regulators could ‘undermine’ securities rules
Securities and Exchange Commission Chair Gary Gensler cautioned that multiple federal agencies overseeing securities could “undermine” market regulation, during a regular oversight hearing of his agen...
China Court Rules Crypto Can Be Traded Despite Digital Currency Ban
A court in China has ruled that crypto is an asset that can be traded between individuals as long as the asset is not used as a currency. The recent ruling by The Beijing Number One Intermediate Peopl...
Central Bank of Argentina Added New Compliance Rules for Digital Wallets
The Central Bank of Argentina granted the digital wallet companies three months to implement the rules. Digital money and crypto are becoming popular in Argentina, drawing regulators’ atte...
Central Bank of Argentina Issues New Compliance Rules for Digital Wallets – Regulation Bitcoin News
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as f...
Thailand SEC Announces New Rules For Crypto Operators
3 hours ago | 2 mins read Bitcoin News These safeguards are necessary to protect ordinary investors and traders as per SEC. The most recent event follows the liquidity issues that several exchanges ha...
India’s Tough Crypto Tax Rules Is Helping Binance A Lot, Here’s How
India’s crackdown on the cryptocurrency market over the last year is helping foreign exchanges at the cost of local exchanges. As per the latest reports, crypto exchange Binance is expanding its footp...
Russia To Finalise Rules On Cross Border Crypto Payments By The End Of 2022
Mikhail Mishustin, the Russian Prime Minister, has ordered the government to establish rules regarding crypto regulation by the end of this year. The date by which the Russian government is supposed t...
Russia aims to set rules for crypto cross-border payments by year’s end
Russian Prime Minister Mikhail Mishustin on Tuesday officially instructed the government to come to a consensus regarding crypto regulation in Russia by Dec. 19, 2022. The prime minister specifically ...
Regulators Tighten Crypto Market Rules in Thailand
The Thai SEC has tightened rules related to the crypto market, while the central bank is receiving more powers to regulate the market. Meanwhile, the country’s Gulf Energy Development is looking to la...
Thai Regulators Make Moves to Tighten Crypto Rules
Thailand’s Regulators have introduced tighter digital asset rules due to trading irregularities and the fall of a top acquisition involving a crypto exchange. This move has affected ThailandR...
Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules – Featured Bitcoin News
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the ...
Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says
“We plan to work with other bank regulatory agencies to ensure that crypto activity inside banks is well regulated, based on the principle of same risk, same activity, same regulation, regardles...
IMF: here are what would be the right rules for crypto
The International Monetary Fund (IMF) published a report titled “Regulating Crypto: The Right Rules Could Provide a Safe Space for Innovation” in the September edition of its flagship magazine Finance...
Banker making $200,000 salary was ‘oversensitive’ when she sued her firm over boss asking her to babysit his kids, judge rules
A banker’s bid to sue her employer for almost $1 million for discrimination was dismissed this week when a judge ruled she had been “oversensitive” to comments from her boss. Zhuofang Wei’s lawsuit ag...
Thai SEC Creates New Crypto Advertising Rules
Key Takeaways Thailand’s SEC has introduced a set of six rules for cryptocurrency companies who advertise services. Broadly, those rules will ensure that clear warnings are provided and will oth...
Thailand Tightens Crypto Advertising Rules after Crypto Zipmex Bankrupted
Thailand’s Securities & Exchange Commission (SEC) announced Thursday that it has tightened cryptocurrency firms’ advertising rules. In an emailed statement sent on Thursday, the SEC to...
Thailand Tightens Rules on Cryptocurrency Advertisement
The Securities and Exchange Commission (SEC) of Thailand has announced the strengthening of rules surrounding cryptocurrency companies in an effort to protect retail investors in the wake of the massi...
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry – Regulation Bitcoin News
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims ...
FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on Aug. 31, citing sources. According to th...
UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam
A Briton Christopher Hamilton will be extradited to the U.S. to face money laundering and wired fraud charges after being indicted in the $ 4 billion OneCoin scam, according to Law360. Hamilton and hi...
Why Japan Could Ease Crypto Rules To Revitalize Economy
Per a report from Bloomberg, crypto investors in Japan might soon benefit from a change in the country’s regulation. The Japanese Financial Service Agency (FSA) has filed a proposal that would grant b...
Court Rules Against the Purchase of Land and Citizenship With Central African Republic’s Crypto – crypto.news
The Constitutional Court, a top court in the Central African Republic (CAR) has ruled that it was unconstitutional to purchase land and citizenship with the government-backed crypto, Sango Coin. Purch...
Singapore may adopt tougher rules for retail crypto market
The Monetary Authority of Singapore may adopt stricter rules for retail crypto market participants, managing director Ravi Menon said Monday. The city-state’s de facto central bank sought to dif...