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US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system
17.12.2021
"The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets," says the FSOC
Australia to Regulate Crypto Sector as Part of Payments Reform
8.12.2021
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple...
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
7.12.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought...
Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers
3.12.2021
Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information....
Eurosystem Approves New Oversight Framework Concerning Crypto Services
23.11.2021
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure...
ECB Publishes New Oversight Framework, Set to Include Stablecoins
23.11.2021
The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European...
Congressman Threatening Violence With Attack on Titan Sees Actual Consequences
17.11.2021
Nine days after Rep. Paul Gosar tweeted a now-deleted Attack on Titan-themed video of himself and his Republican colleagues killing Rep. Alexandria Ocasio-Cortez and President Joe Biden, the House of Representatives voted to censure Gosar and remove him from his two House committee appointments....
Indian Parliament Committee Discusses Crypto Regulation With Industry Experts
15.11.2021
India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated”...
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
2.11.2021
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish...
Tether Trials Solution to Comply With FATF Travel Rule
27.10.2021
Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID and travel...
Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations
16.10.2021
Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch....
IMF reiterates more oversight for crypto in latest report on financial stability
12.10.2021
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility
Countries Should Prevent 'Regulatory Arbitrage' for Stablecoins – FSB
7.10.2021
ecoin space.The emergence of global stablecoins (GSCs) would pose greater risks to financial stability than existing stablecoins, said the report, and it may also "challenge the comprehensiveness and effectiveness of existing regulatory, supervisory and oversight approaches."The FSB re
US Senators Introduce Bill Requiring Treasury to Report on Cryptocurrencies and Their Use Globally
29.9.2021
Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well...
Another Potential Unfriendly Crypto Regulator, Mercedes FTX + More News
23.9.2021
pto-big-bank-critic-to-run-wall-street-watchdog?sref=3REHEaVI">reported. She may be tapped as soon as this week, and she’s expected to pursue tougher oversight and stricter rules, the outlet’s sources added.Marketing newsMajor crypto exchange
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
16.9.2021
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small...
US Treasury Department Officials Discuss ‘Risks and Benefits Posed by Stablecoins’ With Players From Financial Industry
13.9.2021
The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins...
Hong Kong securities official proposes stricter oversight of crypto trading
7.9.2021
Investing in Bitcoin and other cryptocurrencies could become more restrictive for residents of Hong Kong as local regulators look to clamp down on the asset class for various reasons
Government Watchdog Investigates Conflicts of Interest Involving SEC Officials, Crypto, XRP, Ripple Lawsuit
18.8.2021
Government watchdog Empower Oversight has requested internal documents from the U.S. Securities and Exchange Commission (SEC) on cryptocurrency that potentially show conflicts of interest at the commission involving former high-level officials. This affects the commission’s lawsuit against...
Commissioner Criticizes SEC for Taking Enforcement-Centric Approach to Crypto Regulation
11.8.2021
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner...