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Industry Group Says Hong Kong’s Proposed Crypto Rules Could Drive Traders Underground
15.2.2021
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance
Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce
15.2.2021
Regulatory clarity in the crypto industry is needed now more than ever, per one official
FinCEN Further Extends Comment Period for Controversial Crypto Rules
26.1.2021
The Financial Crimes Enforcement Network (FinCEN) is further extending a comment period for a controversial proposed rule that would require crypto exchanges to gather and store counterparty information for transactions to unhosted wallets. FinCEN announced the move Tuesday, saying all comments...
'Shortsighted' FinCEN Crypto Rules Passed to Joe Biden Administration
14.1.2021
Controversial proposals by the Financial Crimes Enforcement Network (FinCEN) have apparently been passed to the incoming administration of president-elect Joe Biden. “This was shortsighted” and “not in good faith,” Benjamin Weiss, Co-founder and Chief Operating Officer of a major Bitcoin...
FinCEN’s Crypto Rules Aren’t as Unfair as Jack Dorsey Says
12.1.2021
Crypto companies complain about FinCEN's new "unhosted wallets" proposal. But the rules aren't unreasonable, says our columnist
Andreessen Horowitz joins push against FinCEN's 11th-hour crypto rules
5.1.2021
The venture capital firm has taken issue with U.S. regulators latest move against crypto
FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges
1.1.2021
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN,...
Coinbase seeks extended feedback deadline to FinCEN’s new crypto rules
22.12.2020
Coinbase says that a 15-day notice-and-comment period for FinCEN’s new crypto rules is not enough
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
20.11.2020
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules...
SEC Commissioner Peirce Says Regulations Should Be Slow, Though Crypto Rules Could Be Faster
9.11.2020
New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk's Bitcoin for Advisors conference
EU Plans New Crypto Rules By 2024, Expects EUR 55bn in Added Value
21.9.2020
By 2024, the EU reportedly aims to introduce new rules to make cross-border payments quicker and cheaper through the use of blockchain and cryptoassets and hopes that it might increase potential added value in the sector by EUR 27bn-EUR 55bn.
The EU executive will present a draft law to clarify...
Gibraltar Updates Distributed Ledger Guidance to Match FATF Crypto Rules
17.9.2020
The Gibraltar Financial Services Commission has updated its guidance for virtual asset service providers to include clarity on risk management, token issuance, and more
An EU Committee Calls for Crypto Rules w/ International Standards
13.4.2020
A committee of the European Parliament calls for the end of crypto-related regulatory arbitrage - a way to use loopholes in regulatory systems to avoid unfavorable regulations - proposing that crypto regulation should be made at the international level.
Though various countries have tackled...
Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules
13.2.2020
Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday
US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin
12.2.2020
U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity
Subhash Chandra Garg on the Future of Crypto
5.1.2020
India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards. Also...
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
31.12.2019
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized...
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
17.12.2019
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...
New Crypto Rules in New York + More News
11.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The New York Department of Financial Services (NYDFS) issued their 'Proposed Guidance Regarding Adoption or Listing...