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Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator
18.8.2024
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose...
Russian Banking Association Launches ‘Digital Assets Council’
1.2.2024
Russia’s biggest securities and banking association has launched a “council” for the self-regulation of “digital assets.” Per RBC and an official National Association of Stock Market Participants (NAUFOR) announcement, the NAUFOR’s Board of Directors created the council on January 30. NAUFOR is...
Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving
18.10.2023
In 189 days or 27,000 blocks, Bitcoin’s block reward is anticipated to halve. Within this period, around 13 adjustments in Bitcoin’s difficulty are expected. The network’s difficulty indicates the complexity of finding a hash below a particular target, essentially representing...
Crypto Self-Regulatory Organization Plan Floated in US House Hearing
10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.
Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...
Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry
21.3.2023
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should...
How Self-Regulation Can Help Crypto Thrive
25.1.2023
Successfully implementing self-regulation in the blockchain ecosystem is imperative, no matter what decisions and laws external forces might make
New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning
25.1.2023
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer...
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Japan to Relax Cryptocurrency Listing Rules
21.10.2022
The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to allow crypto trading platforms to list coins without going through a lengthy screening process. “We hope the latest measure will help revitalize Japan’s crypto assets market,” said the vice chairman of...
Anchorage co-founder to US regulators: ‘What we want is clarity’
7.10.2022
There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica
Bittrex, Merkle Science, Bitgo Join Crypto Market Integrity Coalition
30.9.2022
Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity...
Japan's crypto self-regulation 'experiment' not working
20.7.2022
Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout
Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal
15.7.2022
South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.”
Terraform, the company behind the LUNAC token, the UST stablecoin, and the new LUNA coin, shuttered its South Korean businesses back in April. But per...
Hoskinson pitches software-enabled crypto self-regulation to Congress
24.6.2022
Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory authorities
Law Decoded: Best regulation is self-regulation, Oct. 11–18
18.10.2021
As the crypto space gets all worked up by the impending launch of Bitcoin exchange-traded funds, the captains of the industry take it upon themselves to offer sketch the designs of future regulatory regimes
Crypto Exchange Self-Regulation Kicks In as Regulators Start to Kick
26.7.2021
Source: Instagram, Binance
It appears that the crypto industry is increasingly turning to self-regulation as the rope of regulators threatens to tighten firmly around it - and the trend hasn't missed a major decentralized exchange either.
Major crypto derivatives exchange FTX CEO Sam Bankman-Fried...
Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’
27.4.2021
South Korean media outlets have suggested the nation’s crypto exchanges are beginning to “self-regulate” as pressure mounts from the government – with the Upbit trading platform capping crypto deposits to a daily maximum of just under USD 450,000.
Per Donga Ilbo, one of the country’s biggest...
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
24.8.2020
Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports...
Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny
12.10.2019
Crypto exchanges in different countries are exploring ways to pursue effective self-regulation in the face of tougher government laws
Japan Security Token Offering Association: The Way of Self-Regulation
10.10.2019
The emergent Japan Security Token Offering Association aims to renovate the STO market via self-regulation, promising to create a standard for others to follow. But are there any drawbacks to this novel approach?