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International Regulators Struggle With How to Oversee DeFi
8.9.2022
Standard-setters want to sink their teeth into the growing world of decentralized finance, but aren’t sure how to do it
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
8.9.2022
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, plaintiffs allege in a new suit
Crypto Doesn't Need More Guidance, SEC Chair Gensler Says
8.9.2022
“Not liking the message isn’t the same thing as not receiving it,” Securities and Exchange Commission Chair Gary Gensler said in a new speech pushing back against calls for new rules for crypto
Israel's Markets Regulator Grants First Crypto License to Private Company: Report
8.9.2022
Hybrid Bridge Holdings Ltd. is reportedly the first company to receive a permanent license from the country's capital markets authority to engage in crypto-related business activities
ECB Hikes Interest Rate 75 Basis Points as Inflation Hits
8.9.2022
Crypto markets reacted calmly to the news, but it may presage further aggressive action by central banks
Taiwan Approves 24 Crypto Platforms, Including WOO Network, for AML Compliance
8.9.2022
Taipei is bringing crypto into its regulatory fold
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
8.9.2022
A bankruptcy court should appoint an independent examiner to investigate crypto lender Celsius’ financials, but not one working for the U.S. Trustee’s office, a group of Celsius borrowers said
Funcionarios de la UE afirman que el euro digital se enfocará en el uso personal y no en la Web3
7.9.2022
Los representantes del sector resaltaron que la CBDC podría fracasar si no ofrece algo más de lo que ya hacen el efectivo y las tarjetas de crédito
Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says
7.9.2022
Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities in his first speech since taking office
A Stablecoin Law May Not Happen This Year
7.9.2022
Hey folks. Monday was a federal holiday in the U.S. so we’re taking it easy today. Reporting from my colleague Jesse Hamilton suggests that stablecoin legislation we expected to see released this month may not be coming after all. Plus, a few other stories that caught my eye over the past week
South Korea Is Gearing Up to Institutionalize Security Tokens
7.9.2022
The country's financial regulators plan to publish guidelines for security token issuance and distribution towards the end of 2022
Love Island Twins’ Crypto Instagram Posts Misled Viewers, UK Ad Authority Says
7.9.2022
Instagram influencers must explain related risks when promoting crypto investments, the country’s advertising regulator said
US Bank Watchdog Says He’s Not Budging on Crypto Distrust
7.9.2022
U.S. regulators have largely fenced off the banking system from heavy involvement in the crypto industry, and that’s a status that the acting head of the Office of the Comptroller of the Currency intends to maintain
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
7.9.2022
Vermont's Department of Financial Regulation alleged that crypto lender Celsius boosted its balance sheet by counting its CEL token holdings as assets, boosting those tokens' value and "artificially inflating" its net value
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
7.9.2022
The central bank digital currency could fail if it doesn't offer something more than cash and credit cards do, industry representatives remarked
New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear
6.9.2022
While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021
UK’s Truss Picks Kwasi Kwarteng to Be Finance Minister
6.9.2022
Kwasi Kwarteng is currently the U.K.'s secretary of state for business, energy and industrial strategy
Russia Exploring Stablecoin Settlements With Friendly Nations: Report
6.9.2022
President Vladimir Putin had signed a law banning digital payments earlier this summer
With Crypto’s Blowups, TradFi Boasts Its Legal Rigor
6.9.2022
Standard-setters say existing rules for lending securities should apply to crypto, too, noting they could’ve prevented Celsius-style messy breakups
Nigerian Presidential Candidate Says Fixed Exchange Rate Regime ‘Has to End’ — Touts Success of Fintech Unicorn Flutterwave
6.9.2022
A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said...