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Spanish Crypto Firms will Have to Run their Campaigns Past Regulator
16.6.2021
A leading Spanish financial markets regulator is set to begin policing crypto firms’ advertising campaigns – in direct response to a recent “aggressive” campaign that saw Madrid billboards plastered in crypto advertisements.
According to Finanzas, the nation’s National Securities Market Commission...
Italy’s Financial Watchdog Raises Concerns Over Unregulated Cryptocurrency Market
16.6.2021
The chairman of Italy’s financial regulator has raised concerns over the cryptocurrency market without proper regulation. “Without proper oversight there could be a worsening in market transparency, the basis of legality and rational choice for (market) operators,” he said....
Tell Us the Altcoins You Want to Delist, Regulator Orders Korean Exchanges
16.6.2021
The top South Korean financial regulator has demands to know about crypto exchanges’ token delisting policies and wants to compile a list of high-risk altcoins – in a move likely connected to the trading platform Upbit’s recent decision to delist up to 30 tokens.
According to Asia Kyungjae,...
Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months
15.6.2021
South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead.
The nation’s first piece of crypto-specific...
Lack of crypto regulations alarming, says Italy's stock market regulator
14.6.2021
Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency
Regulator interest is good for the crypto ecosystem, says BlockFi CEO
11.6.2021
Regulatory clarity enables crypto companies to continue to innovate, Zac Prince says
Texas regulator allows state-chartered banks to hold Bitcoin
11.6.2021
The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month
South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme
10.6.2021
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses...
Ontario securities regulator takes action against Kucoin
8.6.2021
The OSC published a statement of allegations against Mek Global Limited and PhoenixFin Pte. Ltd. on Monday for allegedly violating local securities laws
Global banking regulator plans to hold consultation on crypto exposure
7.6.2021
The group has previously warned of "financial stability concerns" and risks faced by banks when it comes to cryptocurrencies
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
S Korean Regulator Holds ‘Significant’ Meeting with 20 Crypto Exchanges
4.6.2021
The South Korean government finally appears to be ready to move to address criticism regarding its “inertia” over the formation of new crypto regulation. And to do so, it appears to have begun communicating directly with exchanges it believes stand a chance of meeting regulatory guidelines in time...
UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules
4.6.2021
Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their...
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’
1.6.2021
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared...
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
31.5.2021
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital...
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...
Another US Regulator Wants Agencies to Join Hands to Regulate Crypto
31.5.2021
The Joe Biden administration seems to be filled with regulators distrustful of bitcoin (BTC) and other cryptoassets - as there are new signals that the US regulators are aiming to 'rein in' the crypto industry by establishing collaborations between agencies.
US financial authorities have set their...
SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors
28.5.2021
The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat...
Ontario Securities Commission Snuffs out Crypto Exchanges, Poloniex Targeted for Flouting Compliance
26.5.2021
The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions. Poloniex meets the OSC’s jurisdiction because the trading platform operates trading...