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Swiss regulator FINMA targets stablecoin issuers in new proposal
28.7.2024
As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions
Is government oversight non-negotiable for the future of crypto?
26.7.2024
Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Italy ramps up crypto oversight, introduces tough fines
21.6.2024
According to the draft decree seen by Reuters, Italy is looking forward to introducing new rules to govern the new sector. These regulations, which are expected to be endorsed by the cabinet, will come with huge penalties for anyone who engages in the manipulation of the market or exploitation...
US appeals court says SEC exceeded authority with fund rule
6.6.2024
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto?
US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support
23.5.2024
The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry.
The post US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support appeared...
SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight
22.5.2024
The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday
India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban
16.5.2024
The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator approach to oversee cryptocurrency trading. In contrast, the Reserve Bank of India (RBI) seeks a stablecoin ban.
The post India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban appeared first...
India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
16.5.2024
The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents
US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight
11.5.2024
The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm...
SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle
11.5.2024
The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last month, Coinbase sought appellate review after...
UK gov't calls for action on AI copyright, market competition
3.5.2024
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards
UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023
2.5.2024
The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses, according to a report released on May 1.
The post UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023 appeared first on Cryptonews
DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections
16.4.2024
The Department of Justice is reportedly reconsidering its selection of a prominent New York law firm to handle a critical assignment related to Binance, due to the firm's prior work for rival exchange FTX.
The post DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing...
Is This Final Fantasy VII Rebirth Detail An Oversight Or Incredible Foreshadowing?
2.4.2024
Final Fantasy VII Rebirth is the second game in the trilogy of games reimagining the landmark 1997 RPG, and it spends a lot of its runtime setting up plotlines it will presumably wrap up in the third entry. Some of these are worldbuilding details, such as establishing the nation of Wutai as a major...
Singapore’s MAS Expands Regulatory Oversight to Include Crypto Custody and Fund Transfer Firms
2.4.2024
Singapore has taken steps to expand its digital asset regulations by including the custody of tokens and firms involved in fund transfers.
The post Singapore’s MAS Expands Regulatory Oversight to Include Crypto Custody and Fund Transfer Firms appeared first on Cryptonews
U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight
22.3.2024
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with "new and emerging issues," according to the regulator's annual budget pitch. Much of that office's recent, emerging workload has come from the agency's pursuit...
Estonia Approves Bill to Regulate Crypto Service Providers
22.3.2024
Estonian government has passed a legislation that shifts crypto oversight to the Financial Supervision Authority (FSA) starting 2026.
The post Estonia Approves Bill to Regulate Crypto Service Providers appeared first on Cryptonews
Nonprofit Focused On “Corporate Wrongdoing” Empower Oversight Launches Lawsuit Against SEC Amidst Reports of Conflicts of Interests
19.3.2024
Empower Oversight filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, claiming the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency.
The post Nonprofit Focused...
House Panel Chairman Tells CFPB to “Go Back to the Drawing Board” Over Stringent Crypto Oversight Proposal
14.3.2024
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB), telling the independent government agency to “go back to the drawing board” regarding an oversight proposal that would...