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Russia Starts Developing Mechanism for International Crypto Payments
25.9.2022
Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments....
Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator
24.9.2022
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto...
UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster
24.9.2022
The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that...
Upbit Exchange Executive Welcomes Talk of Fresh Crypto Regulations
24.9.2022
One of the top executives at Upbit, South Korea’s market-leading crypto exchange, has spoken out in favor of new crypto regulations both at home and abroad – and has suggested that while they may cause the markets more short-term pain, the industry is set to benefit in the long term....
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Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision
23.9.2022
A bill based on the proposed framework banning crypto investments could help to "restore the public's faith and trust in their public officials," according to Zoe Lofgren
A Former CFTC Chair Thinks There is No Need For New Laws on Stablecoins: Here’s What He Said
23.9.2022
Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC) and a current research fellow at Harvard's Kennedy School of Government, argued that regulatory progress on stablecoins can be made immediately by utilizing the current laws....
Read More: A Former CFTC Chair Thinks...
Lawyers for Celsius investors file motion to have interests represented in court
23.9.2022
The legal team requested the court appoint a committee representing certain shareholders or the case could end up "inappropriately and inequitably skewed in favor of the customers."
Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News
23.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Bahrain's EazyPay Partners with Binance Pay, Compute North Files for Bankruptcy, Tornado Cash Returns to GitHub + More News
Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved
23.9.2022
The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country....
Binance Creates Global Advisory Board to Tackle Regulatory Challenges
23.9.2022
An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto...
FTX Met With UK Regulator Over Licensing but Ended Up 'Surprised' by the Warning, According to Reports
23.9.2022
Major crypto exchange FTX has reportedly been discussing its licensing with the UK Financial Conduct Authority (FCA) - before the latter issued a statement against it.
As reported, the chief financial regulator in the United Kingdom issued a warning against Bahama-based crypto exchange, claiming...
Indonesia to Tighten Crypto Regulation With Stricter Rules for Exchanges
23.9.2022
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residing in the country. Indonesia Plans to Tighten Crypto Regulation Indonesia is preparing to issue...
CTFC slammed for 'blatant regulation by enforcement' over Ooki DAO case
23.9.2022
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics
UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze and recover' crypto
22.9.2022
King Charles announced the bill in May to both houses of the U.K. Parliament, saying it was aimed at tackling illicit finance, reducing economic crime and helping businesses grow
Russian officials approve use of crypto for cross-border payments: Report
22.9.2022
Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements
Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon
22.9.2022
Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial...
Indian Government Working on How GST Tax Could Be Applied to Crypto
22.9.2022
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local...
Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators
21.9.2022
Officials with Indonesia’s Commodity Futures Trading Regulatory Agency could implement a rule for two-thirds of directors and commissioners at crypto firms to be citizens
Tornado Cash is the latest chapter in the war against encryption
21.9.2022
Government disdain for end-to-end encryption is nothing new. The effort to kill Tornado Cash is just the latest chapter in this age-old war
Stablecoins Regulation Looms Large in Bill Before US Congress – Algo Versions Face Ban
21.9.2022
While its final version is still very much unclear, the draft stablecoin bill in the United States House of Representatives would reportedly place a two-year ban on algorithmic stablecoins for two years, while allowing banks and nonbanks to issue stablecoins.
According to Bloomberg, the latest...