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Nalezeno "g7 regulation": 11702

SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate

5.6.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed...

Spot Ether ETF approvals will ‘take some time’ — Gary Gensler

5.6.2024
The SEC Chair spoke on CNBC on June 5, suggesting the commission could delay approving S-1 registration statements for exchanges listing spot Ether ETFs

Switzerland takes a ‘tech neutral’ approach to AI regulations

5.6.2024
As the world races to regulate high-level AI systems, Switzerland is taking a more “tech natural” approach focusing on sector-based use cases, while still having a major voice on the global stage

UAE central bank approves licensing system for stablecoins

5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens

Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release

5.6.2024
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay...

SEC to close regional office after judge dismisses DEBT box case

4.6.2024
A judge ordered the U.S. Securities and Exchange Commission to pay $1.8 million following “bad faith conduct” over a temporary restraining order to freeze DEBT Box’s assets

Sam Bankman-Fried is back in NYC prison for his appeal

4.6.2024
The former FTX CEO spent roughly a week at the Federal Transfer Center in Oklahoma City, with many speculating authorities planned to send him to a California prison

Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty

4.6.2024
Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services

Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation

4.6.2024
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative...

Binance prepares for MiCA rules, updates stablecoin strategy

3.6.2024
Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy

Elizabeth Warren: Crypto Prominent in the Global Fentanyl Trade Over the Last Decade

3.6.2024
Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to Warren and Cassidy, decentralized crypto exchange platforms are enabling...

Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect

3.6.2024
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits...

Crypto Voter Backlash: How Biden’s Veto May Have Cost Him the 2024 Election

2.6.2024
After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded funds (ETFs). However, President Joe Biden...

Nigeria seeks crypto clarity one year into Tinubu’s tenure

2.6.2024
Nigeria's young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry

Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules

1.6.2024
Following President Joe Biden’s veto of the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules in SAB 121, U.S. lawmakers in both the Senate and House of Representatives have intensified their efforts to pass the landmark crypto bill...

SEC Issues Investor Alert Highlighting 5 Common Crypto Scams

1.6.2024
The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated techniques, making fund recovery difficult....

New York Tightens Customer Service Regulations for Crypto Companies

1.6.2024
The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory...