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New York State issues guidance for banks seeking to engage in activities with crypto
15.12.2022
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup
California AG issues warning-ladened guidance for public interested in buying crypto
15.11.2022
In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness
Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%
25.10.2022
The miner now sees year-end computing power at 5.5 exahash per second (EH/s)
Celsius judge says court may look to UK consultation paper in absence of US guidance
17.10.2022
Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy
Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities
13.10.2022
The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which...
GitHub unbans Tornado Cash repositories following OFAC guidance
23.9.2022
Ethereum developer Preston Van Loon encouraged GitHub to fully restore Tornado Cash’s repositories after partial unbanning
US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations
17.9.2022
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much...
SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
16.9.2022
The guidance suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks
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
Crypto Banks Are One Step Closer to Reality Under New Fed Guidance
23.8.2022
The Federal Reserve published guidance detailing how crypto banks can secure master account access, something several have wanted for over a year. While the guidance stops short of true transparency, potential applicants now have a roadmap of sorts they can follow, while the Fed has indicated that...
It Doesn't Matter If They're Wrong, Central Bankers Set Guidance for Crypto, Too
19.8.2022
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
European Central Bank addresses guidance on licensing of digital assets
17.8.2022
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
17.8.2022
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending
Bakkt's Q2 Loss Narrows to $27.6M, Tones Down Yearly Guidance
11.8.2022
The firm lowered its yearly net revenue guidance to $57 million- $62 million
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
10.8.2022
U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming...
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
9.8.2022
The miner noted a $29.3 million loss for the fiscal quarter, driven by the reclassification of its energy assets
BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
13.7.2022
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology
International Standard Setters Publish Guidance on Stablecoin Regulations
13.7.2022
The guidelines from the international organization of securities regulators and BIS’ global payments group set out arrangements for systemically important stablecoins
Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO
13.7.2022
The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements.
In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...