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Nalezeno "EU regulation": 11720

Rep. French Hill Estimates Crypto Legislation to Pass in Early 2024

1.12.2023
Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures...

Treasury Asks Congress for More Authorities to Go After Illicit Actors in Digital Asset Space

1.12.2023
The U.S. deputy secretary of the Treasury has revealed that the Treasury Department has asked Congress for more tools and authorities “to go after illicit actors in the digital asset space.” Moreover, he stressed: “We need to update our illicit finance authorities to match...

Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns

1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...

European Central Bank Official Warns: Crypto Entities to Face Stringent Banking Oversight

30.11.2023
Source: Adobe / nmann77 Andrea Enria, Chair of the supervisory board at the European Central Bank (ECB), has emphasized the need for rigorous regulation when crypto entities start resembling banks. In a recent interview with Germany’s Handelsblatt, Enria pointed to the challenges in supervising...

Today in Crypto: $343,038,810 was Lost to Hacks and Fraud in November, a 15x Increase from October

30.11.2023
Source: Immunefi Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news Major bug bounty and security services platform Immunefi found that $1,753,707,812 was lost to hacks and rug pulls...

Philippines Securities Regulator Says Binance Is Operating Without a License

30.11.2023
Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in...

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

30.11.2023
Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to...

Brazilians may soon need to stump up taxes on crypto held abroad

30.11.2023
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income

US Deputy Treasury Secretary calls for additional tools to sanction crypto firms

29.11.2023
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority

Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

29.11.2023
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin

Xbox Exec Says AI Can 'Take Care Of' All Sorts Of Game Dev Problems

29.11.2023
Xbox’s chief financial officer, Tim Stuart, recently shared how excited he was about AI technology being used in game development. During a November 28 summit, Stuart told audience that it can now translate and localize games, handle coding, and even test games, too, which begs the question:...

Crypto Regulation News Weekly Digest: CZ’s Guilty Plea and Grayscale’s Bitcoin ETF Prospectus

29.11.2023
Crypto regulation evolves through CZ plea deal, Grayscale Bitcoin ETF application, Singapore bans, and Lagarde’s personal experience. Image by Titiwoot Weerawong, Vecteezy Last week brought several major developments on the crypto regulation front. Binance founder Changpeng Zhao pleaded...

US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

29.11.2023
The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools

Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes

29.11.2023
Image Source: Pixabay The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines. In a Wednesday announcement, HM Revenue and Customs (HMRC) asked crypto users to make a “voluntary disclosure of any unpaid tax” relating...

Philippines Security Regulator Warns Binance Is Operating Without a License

29.11.2023
The regulator is also seeking to have the platform blocked in the country

UK City Minister Asks Regulators to Embrace Some Risk-Taking in Financial Markets

29.11.2023
Source: AdobeStock / Mary The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy. Bim Afolami, who recently assumed his position as part of a ministerial reshuffle...

Former SEC Chair Discusses ‘Appropriate Way’ to Regulate Crypto — Says Classification Issues Are ‘Overblown’

29.11.2023
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a commodity...