Bitcoin (BTC) is recovering after a plunge amid the troubles at Silicon Valley Bank and Silvergate that caused investor panic. As US regulators announced support to help customers recover lost funds, ...
Tag: Watchdogs
Silvergate’s Big Crypto Losses Feed Watchdogs’ Worst Fears
(Bloomberg) — For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could someday suffer serious losses. They may have b...
Silvergate’s Worsening Crypto Losses Feed Watchdogs’ Worst Fears
(Bloomberg) — For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could someday suffer serious losses. They may have b...
US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
Ad U.S. regulators issued a joint statement to banks on Feb. 23 warning of liquidity risks stemming from cryptocurrency-related clients and their deposits, Reuters reported. The letter was issued by t...
Jesse Powell Blasts Watchdogs Over Alleged Regulation Strategies
It’s only been a few days since Kraken, one of the largest exchanges in the U.S., shut down its staking services and paid a $30 million settlement over selling – according to the SEC – unlicensed secu...
Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams
The Australian government is bolstering its market regulator’s digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto ...
Singapore financial watchdog’s chairman questions if regulating crypto legitimizes speculation
Chairman of the Monetary Authority of Singapore (MAS), Tharman Shanmugaratnam, spoke at the WEF23 and stated a controversial take on crypto regulations and questioned if regulating crypto could legiti...
Regulatory Clarity? Financial Watchdogs Could Not Be More Clear
What is meant by regulatory clarity? The U.S. Congress has the power to draft and pass laws that direct government agencies such as the SEC and DOJ to issue rules, supervise entities and conduct enfor...
Paxos freezes FTX funds following a US watchdogs directive – crypto.news
Over the weekend, Paxos announced the freezing of PAXG tokens in the FTX crypto exchange following a government directive. Several other networks also froze FTX and its leaders’ accounts in the past f...
US financial watchdogs ask Congress to okay further oversight on Bitcoin
The Financial Stability Oversight Council (FSOC) in its latest report on cryptocurrencies suggests the digital assets market needs a lot more policing to help curb potential risks likely to crop up gi...
South Korean Watchdogs Request Interpol’s Red Notice against Do Kwon
The controversy surrounding Do Kwon’s whereabouts continues to grow, given that South Korean prosecutors asked Interpol to issue a red notice against the Terraform Labs’ founder. The Seoul Southern D...
US watchdogs order Voyager Digital to stop making misleading insurance claims
The U.S. Federal Reserve (FED) and Federal Deposit Insurance Corp (FDIC) have ordered Voyager Digital to desist from making false and misleading claims about its insurance status to customers. In a jo...
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors – Regulation Bitcoin News
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies ar...
South Korea to Establish Guidelines for Crypto Exchanges as Watchdogs Probe Terra Collapse
TerraUSD and its sister token LUNA Classic’s (LUNA) dramatic collapse have pushed the South Korean policymakers to call for swift crypto regulations. Call for Draft Regulation According to a new repor...
Circle CEO Urged Watchdogs to Accept That People Want Digital Cash
The Circle CEO continued to push the adoption of digital currencies as he viewed cash’s features, including portability, privacy and role in securing individual sovereignty, are what could make digita...
Global Watchdogs to Regulate Stablecoins Following TerraUSD (UST) Fiasco
The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following t...
EU Watchdogs Issue Joint Warning Against Risks
The European Union’s watchdogs for securities, banking, and insurance have issued a collective warning that consumers could lose all their money invested in crypto assets. “Consumers face the very rea...
Thailand’s Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability
With the year newly shaping up, more regulators are beginning to explore avenues to regulate the digital currency ecosystem. Accordingly, Thailand’s top regulators have issued a statement to regulate ...
Thailand’s Market Watchdogs Suggest to Regulate Crypto, Avoid Threatening from Financial Stability
With the year newly shaping up, more regulators are beginning to explore avenues to regulate the digital currency ecosystem. Accordingly, Thailand’s top regulators have issued a statement to regulate ...
Expert: UAE watchdogs are paving the way for crypto and blockchain adoption
Kokila Alagh, the founder and CEO of Karm Legal Consultants, says the financial regulators in the United Arab Emirates (UAE) are trying to foster the adoption of cryptocurrencies and blockchain techno...