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Nalezeno "EU watchdog": 427

UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs

5.5.2023
The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

1.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog...

Bahamas securities watchdog presents comprehensive new draft digital assets act

26.4.2023
After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul

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

EU data watchdog warns of ‘hell on Earth’ scenario for US AI companies

25.4.2023
Europe's Data Protection Supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR

Italy ChatGPT ban: Data watchdog demands transparency to lift restriction

13.4.2023
Italian regulator sets strict guidelines for OpenAI's ChatGPT, mandating increased transparency and age verification measures to protect user privacy to lift restrictions

U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members

31.3.2023
In the absence of formal crypto rules from U.S. government agencies, the National Futures Association (NFA) is setting up standards for its members that deal in digital assets commodities

National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

28.3.2023
National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution...

BlockFi to provide over $100K in refunds to California clients

28.3.2023
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents

Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

21.3.2023
Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of...

Taiwan watchdog FSC to assume authority on crypto regulation

20.3.2023
Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest

Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator

15.3.2023
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership...

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

12.3.2023
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume...

CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman

11.3.2023
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products...

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...