Tag: regulations
News related to cryptocurrency regulations in different countries.
Israel Allows Users to Transfer Crypto Profits to Banks
Reading Time: < 1 minute The Bank of Israel has allowed the country’s citizens to transfer the profits received from legal operations with cryptos to financial organizations.
Canadian Regulator Warns Binance is Operating Without a License
Reading Time: < 1 minute The Ontario Securities Commission (OSC) has announced crypto exchange Binance lacks the necessary license to operate in the country.
US Senator Cynthia Lummis to Present Crypto Regulation Bill
Reading Time: < 1 minute US Senator Cynthia Lummis plans to introduce legislation in 2022 to provide clarity on crypto regulation.
US Banking Regulator Reminds of Risks of Introducing Cryptocurrencies
Reading Time: < 1 minute Banks should be wary of adopting such tools, as warned by the OCC of the US Treasury in its semi-annual risk report.
SEC Says No to WisdomTree’s Application to Launch a Spot Bitcoin ETF
Reading Time: < 1 minute The Securities and Exchange Commission (SEC) has rejected an application from management company WisdomTree to register its own spot Bitcoin-ETF.
South Korea Delays Introduction of Tax on Bitcoin Traders
Reading Time: < 1 minute The National Assembly of South Korea has recently passed an amendment to the legislation, which implies the introduction of taxation of cryptocurrencies from January 1, 2023.
Central Bank of China to Develop a System for Tracking Crypto Transactions
Reading Time: < 1 minute The director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China has called for the creation of a cryptocurrency transaction tracking system to strengthen the regulation in the country.
Hillary Clinton Warns Against Possible Manipulation of Crypto Market By Russia and China
Reading Time: < 1 minute Joe Biden’s administration needs to strengthen the regulation of cryptocurrencies in the face of manipulation by individual states and non-governmental players.
US Banking Regulators Will Prepare a Crypto Guide in 2022
Reading Time: < 1 minute The Fed, the FDIC and the OCC under the US Treasury Department have identified a number of areas related to digital asset regulation that require further clarification.
Fidelity Receives Green Light to Work in Canada as Bitcoin Custodian
Reading Time: < 1 minute The IIROC has recently allowed Fidelity Investments to launch an institution-focused Bitcoin trading and custodian platform in the country.
India Will Regulate Cryptocurrencies as Assets
Reading Time: < 1 minute The Indian government intends to ban the use of cryptocurrencies to make payments, however, it will allow them to be traded and held as assets like stocks, gold or bonds.
US President Joe Biden Signs Infrastructure Plan Without Crypto Amendments
Reading Time: < 1 minute US president Joe Biden has signed a bipartisan bill to raise $1.2 trillion to upgrade infrastructure without amendments in favor of representatives of the cryptocurrency industry.
Accounts Chamber of Russia Announces Limitation of Cryptos as a Means of Payment
Reading Time: < 1 minute Crypto investors should assess the high risks of their investments, since the value of digital assets depends only on the optimism of market players.
US Congressmen Urge SEC to Approve Bitcoin Spot ETFs
Reading Time: < 1 minute The launch of an ETF based on Bitcoin futures in the US market took place last month.
US Treasury Releases Report on the Risks of Stablecoins
Reading Time: < 1 minute The US Treasury has published a report on the risks associated with stablecoins.
Experts Point to Risks for DeFi in Final Version of FATF Regulations
Reading Time: < 1 minute The text of the final version of the FATF guidelines for the crypto industry does not contain clear and narrow restrictions on supervisory functions.
The CFTC Wants to Expand its Power on Crypto Regulation
Reading Time: < 1 minute The candidate for the post of head of the CFTC has proposed giving the department the status of the main federal regulator in the crypto market.
FDIC Head: US Regulators Create Conditions for Banks to Work with Cryptocurrencies
Reading Time: < 1 minute FDIC chairwoman Jelena McWilliams said at the Money 20/20 conference US regulators are focused on creating “clear guidelines” governing how banks interact with the crypto industry.
Hester Peirce Urges SEC to Engage with Crypto Industry
Reading Time: < 1 minute The US Securities and Exchange Commission (SEC) needs to work with crypto companies to create a “smart structure” for industry regulation.
New York State Attorney’s Office Bans 2 Crypto-Lending Platforms
Reading Time: < 1 minute New York State Attorney General Laetitia James has ordered two crypto lending platforms to cease operations in the state.
Estonian Regulator Denies it Plans to Revoke All Licenses From Crypto Companies
Reading Time: < 1 minute The Estonian Money Laundering Data Bureau (RAB) has said it is not exploring the possibility of automatically canceling licenses previously issued to crypto-related companies.
Coinbase Proposes Creation of New Cryptocurrency Oversight Body
Reading Time: < 1 minute Brian Armstrong, CEO of US-based crypto exchange Coinbase, has suggested that the US authorities create an agency with powers in the field of digital assets at the federal level.
The IMF Points to Risks Posed by Cryptocurrencies
Reading Time: < 1 minute The management of the International Monetary Fund regularly points out the risks posed by the cryptocurrency industry.
SEC Speaks Out Against Creation of “Safe Haven” for ICOs
Reading Time: < 1 minute SEC Commissioner Caroline Crenshaw has opposed calls for a “safe haven” that would protect initial coin offerings (ICOs) projects from being held accountable to the regulator.
US FDIC May Extend $250,000 Insurance Coverage to Stablecoin Deposits
Reading Time: < 1 minute Certain stablecoins may be listed on the FDIC’s $250,000 end-to-end coverage.
