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Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions
25.1.2022
The warning from the Financial Services Authority (OJK) comes on the heels of several calls for a crypto ban from Islamic NGOs in the country
Indonesian Regulator Warns About Cryptoasset Offers, Sales by Financial Services Companies
25.1.2022
As major crypto industry players are intensifying efforts to access the Indonesian market, the country’s regulator Financial Services Authority (OJK) has reminded market participants that financial services companies are not allowed to offer and facilitate sales of cryptoassets.
The agency said...
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets
25.1.2022
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into...
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler
24.1.2022
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone...
Russian Banks Begin Testing Digital Ruble Payments
22.1.2022
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble...
Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers
21.1.2022
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....
Japan’s Casino Regulator Is Changing the Rules in the IR Space
21.1.2022
Local governments & their integrated resort (IR) partner organizations in Japan will shortly send their completed proposals to the National Diet. The nation’s Casino Regulatory Commission (CRC) has issued a few regulation notifications before the deadline. In April of last year,...
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining
21.1.2022
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
EU securities regulator calls for proof-of-work crypto mining ban
19.1.2022
European regulators are concerned about crypto's risks to climate change goals
Time to Ban Proof-of-Work Mining in EU, Move to Proof-of-Stake, Says Securities Regulator
19.1.2022
A leading EU financial regulator wants the union to “ban” proof-of-work (PoW) crypto mining and force tokens into proof-of-stake (PoS) paradigms, while the EU itself and the traditional finance sector are reportedly less environment-friendly than Bitcoin (BTC) when it comes to electricity...
Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets
18.1.2022
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment....
Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds
16.1.2022
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to...
US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto
14.1.2022
Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting...
Crypto Tops Investor Threats for US Securities Regulators
11.1.2022
U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes...
Cash App Integrates Bitcoin Lightning Payments, LN Payments Company Gets UK Regulator's Approval
11.1.2022
Ex-CEO of Twitter Jack Dorsey's mobile payment service Cash App has integrated Bitcoin (BTC) Lightning Network, a layer 2 scaling solution on top of the Bitcoin network designed to tackle the flagship cryptocurrency’s scalability issues....
Read More: Cash App Integrates Bitcoin Lightning...
Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot
6.1.2022
ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime...
EU regulator calls for public input on DLT for trading and settlement
5.1.2022
Distributed ledger technology is increasingly gaining attention in Europe for its applications in securities trading and settlement
CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
4.1.2022
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based...
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
1.1.2022
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining...