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SEC Ramps up Crypto Oversight With New Examination Priorities for 2025
25.10.2024
The U.S. Securities and Exchange Commission (SEC) is ramping up its scrutiny of crypto assets in 2025, intensifying examinations of firms involved in offering, trading, and advising on these assets. The agency will focus on how these assets are handled as securities, ensuring compliance with...
American Conference Institute Is Excited to Announce the 3rd Forum on Digital Assets: Compliance, Enforcement and Regulatory Oversight.
15.10.2024
PRESS RELEASE. New York, NY – October 15th, 2024 – With digital assets rapidly transforming the financial landscape, the importance of understanding the regulatory and compliance challenges cannot be overstated. ACI’s 3rd Forum on Digital Assets: Compliance, Enforcement & Regulatory Oversight...
South Korea plans to regulate cross-border stablecoin transactions
8.10.2024
South Korea’s Financial Services Commission plans to consult with other jurisdictions, such as Japan and the European Union, on stablecoin rules.
South Korea plans to regulate cross-border stablecoin transactions
8.10.2024
South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
7.10.2024
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does...
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
5.10.2024
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory...
IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
3.10.2024
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021
Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’
26.9.2024
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study...
How will SEC Crypto Oversight Hearing Affect Market?
23.9.2024
The much-anticipated crypto oversight hearing of SEC Chair Gary Gensler before Congress is drawing intense attention from both…
US House Republicans probe SEC’s Gensler on political hiring claims
12.9.2024
Three GOP lawmakers asked SEC Chair Gary Gensler to turn over information on his agency’s hiring process, claiming they had found evidence of a political ideology-driven hire
Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight
10.9.2024
A second company, tZero Group Inc., said it's achieved status as a fully registered U.S. broker dealer under a rule allowing for crypto firms to join those ranks, following a path previously blazed by Prometheum Inc
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
India’s crypto future hinges on DEA’s September consultation paper
22.8.2024
The DEA’s paper is expected to be a watershed moment for India’s crypto regulation, potentially setting the stage for comprehensive legislation
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
8.8.2024
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in...
Swiss regulator FINMA targets stablecoin issuers in new proposal
28.7.2024
As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions
Is government oversight non-negotiable for the future of crypto?
26.7.2024
Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Italy ramps up crypto oversight, introduces tough fines
21.6.2024
According to the draft decree seen by Reuters, Italy is looking forward to introducing new rules to govern the new sector. These regulations, which are expected to be endorsed by the cabinet, will come with huge penalties for anyone who engages in the manipulation of the market or exploitation...
US appeals court says SEC exceeded authority with fund rule
6.6.2024
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto?
US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support
23.5.2024
The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry.
The post US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support appeared...