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Crypto community responds to US democrats backing SEC’s crypto authority
16.5.2023
One community member expressed their decision to part ways with the party, arguing that the Democratic Party is playing god with the “future of American innovation.“
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
12.5.2023
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause....
European Banking Authority May Veto Large Stablecoins During MiCA Approval Process
12.5.2023
The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
"Central banks should have the power to veto the widespread...
EU Could Veto Large Stablecoins During MiCA Approval Process, Regulator Signals
11.5.2023
The European Banking Authority doesn’t want private crypto initiatives to threaten monetary policy privileges
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
New York AG's office seeks additional authority over crypto firms
5.5.2023
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
5.5.2023
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat
Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
2.5.2023
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: Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois'...
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
1.5.2023
A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
29.4.2023
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures,...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
29.4.2023
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes...
Bermuda Premier David Burt: 'Nobody is Coming to Bermuda to Flee Regulation'
28.4.2023
Five years after the island jurisdiction passed its digital assets regulation, a steady stream of companies is coming to Bermuda to be regulated
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
28.4.2023
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks...
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
28.4.2023
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult
UK Tax Authority Proposes Legislative Change to Treatment of DeFi Lending, Staking
27.4.2023
The proposed framework, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...
Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says
27.4.2023
The EBA’s José Manuel Campa urged crypto players to start managing risks right away as new norms bed in
Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director
26.4.2023
From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the...
UK financial watchdog to crypto industry: ‘Let’s work together’
26.4.2023
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations
France mulls fast-tracking registered crypto firms to new EU rules
25.4.2023
France's financial regulator is weighing up “fast track” options for registered firms so they can be compliant with MiCA rules as soon as possible