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UK Financial Watchdog Limits UK Crypto ETNs to Professional Investors Only
11.3.2024
The UK's financial regulator will allow recognized exchanges to launch crypto asset exchange-traded notes. Only professional investors, like investment firms and authorized credit institutions, will have access to these products.
The post UK Financial Watchdog Limits UK Crypto ETNs to Professional...
SEC Chairman Gensler Comments on Bitcoin and Ethereum; Avoids Ethereum Security Classification
7.3.2024
Chairman of the U.S Securities and Exchange Commission (SEC) Gary Gensler has refrained from publicly disclosing the SEC's classification of Ethereum as either a security or a commodity. The SEC’s position on Ethereum could be a defining factor in whether or not the regulator would approve Ethereum...
Spain Halts Sam Altman’s Worldcoin Eyeball-Scanning Venture Over Data Concerns
6.3.2024
Spain's data regulator, the Agencia Española de Protección de Datos (AEPD), has instructed Sam Altman's cryptocurrency project, Worldcoin, to halt its operations in the country. This includes stopping the collection of private data through eye scans and ceasing the use of previously gathered data...
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Hong Kong's Markets Regulator Issues Warning Against Crypto Exchange BitForex
4.3.2024
Hong Kong's regulator for securities and futures markets has warned the public about cryptocurrency exchange BitForex for suspected fraud, it announced Monday
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
4.3.2024
The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech...
Finoa Integrates Centrifuge’s Anemoy Tokenized T-Bill Fund into Custodial Wallet System
28.2.2024
Finoa, a crypto custodian with a license from German regulator BaFin, has integrated Centrifuge's Anemoy tokenized T-Bill fund into its custodial wallet system.
The post Finoa Integrates Centrifuge’s Anemoy Tokenized T-Bill Fund into Custodial Wallet System appeared first on Cryptonews
Matrixport Files Virtual Asset Trading License Application with Hong Kong SFC
28.2.2024
Matrixport applied for a virtual asset trading license with Hong Kong's securities regulator on Feb. 26. A roster published on the Securities and Futures Commission website showed that the platform's Hong Kong-based branch is called Flying Hippo Technologies.
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Spain’s Regulator Flags 3 Crypto Firms Over Unregistered Status
27.2.2024
Spain’s financial regulator warned investors of 18 companies offering services in the country despite registration issues.
The post Spain’s Regulator Flags 3 Crypto Firms Over Unregistered Status appeared first on Cryptonews
U.S. Banks Push SEC For Key Changes In Crypto Regulation Following Spot-Bitcoin ETF Exclusion
16.2.2024
U.S. Banks are pushing for the United States Securities and Exchange Commission (SEC) to change its controversial Staff Accounting Bulletin 121 (SAB 121) after they were excluded from serving as asset custodians for spot-Bitcoin exchange-traded funds (ETFs), according to a February 14th letter from...
ZK Proofs Enable Defi Platforms to Meet Regulatory Requirements Without Compromising User Data, Says Ex-FCA Regulator
16.2.2024
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that,...
Deutsche Börse Group’s Crypto Subsidiary Granted Four Licenses by the German Regulator
15.2.2024
A subsidiary of the German multinational company Deutsche Börse Group has been granted four licenses by the German Federal Financial Supervisory Authority or Bafin. The licensing of the subsidiary helps to distinguish its product offering “as one of the few to meet these exceptionally high...
SEC Obtains Investigative Subpoena Against NovaTech Crypto Investment MLM Promoters
15.2.2024
The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. In a recent press release, the financial regulator disclosed updates in its investigation against...
FCA Reviewed 44 Crypto Firms Registered in UK For Anti-Money Laundering Purposes
14.2.2024
The Financial Conduct Authority (FCA) has conducted internal reviews on 44 cryptocurrency firms registered in the country to tackle money laundering concerns. In a Feb 14 release, the regulator highlighted key areas in the UK markets including digital assets regulations. Last year, the FCA carried...
Japan’s FSA Urges Tighter Scrutiny on Crypto Transfers, Citing Risk of Unlawful Activity
14.2.2024
Japan’s leading financial regulator, the Financial Services Agency (FSA), is urging institutions to place tighter scrutiny on crypto transfers, according to an official note published today. The joint note by the FSA and the country’s National Police Agency (NPA) refers to a high number...
Japanese Financial Regulator Proposes Stricter Measures For P2P Crypto Transactions
14.2.2024
Japan’s principal financial regulator has unveiled a series of proposed measures that could negatively impact the peer-to-peer (P2P) transactions market. In a Wednesday announcement, the Financial Services Agency (FSA) issued a formal request to Japanese banks, noting that a high number...
Deutsche Börse’s Subsidiary Crypto Finance Gets BaFin License
13.2.2024
BaFin, Germany’s financial regulator, has issued four licenses to Crypto Finance, a firm operated by leading stock exchange Deutsche Börse. The key licenses will allow Crypto Finance to carry out regulated digital asset trading, settlement, and custody services in Germany. The Swiss Financial...
Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner
12.2.2024
An Australian court has given a split decision in a case brought by Australia's markets regulator against Sydney-based crypto start-up Block Earner
Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup
11.2.2024
The Australian Securities and Investments Commission (ASIC) recently prevailed in its case against Block Earner after a court ruled that the crypto startup’s product offering violated the country’s Corporations Act. The judge ruled that the ASIC had “succeeded in establishing...
Hydro Crypto Token Price Manipulation Convict Gets Jail Term
8.2.2024
A Florida federal jury convicted Hydrogen Technology Corp’s former head of financial engineering over crypto price manipulation conspiracy. The convict, Shane Hampton, allegedly orchestrated a months-long scheme to manipulate the price of Hydrogen Tech’s native crypto token – Hydro. The beleaguered...