Tag: regulations
News related to cryptocurrency regulations in different countries.
Russian FSB Agrees with Central Bank to Ban Crypto Transactions in Russia
Reading Time: < 1 minuteThe FSB has convinced the head of the Central Bank of the Russian Federation, Elvira Nabiullina, to support a complete ban on operations with cryptos in Russia.
US Banking Regulator Says Supervision Will Increase Confidence in Stablecoins
Reading Time: < 1 minuteBanking regulation can increase confidence in stablecoins, said Michael Hsu, acting head of the OCC at the US Treasury.
FTX CEO Calls on Regulators to Create Uniform Regulation for Cryptocurrencies
Reading Time: < 1 minuteSam Bankman-Fried has said regulators should create a unified global system for overseeing the crypto market.
A Division of Central Bank of India to Develop Law on Crypto Sphere
Reading Time: < 1 minuteA new division of the Reserve Bank of India is developing a regulatory framework for the blockchain industry and the national digital currency (CBDC).
SEC Files Suit Against Operator of $33M Crowd Machine ICO
Reading Time: < 1 minuteThe SEC has recently filed a suit against Australian Craig Derel Sproule for selling “digital asset securities.”
CFTC Fines DeFi Project Polymarket with $1.4 million
Reading Time: < 1 minuteThe US Commodity Futures Trading Commission (CFTC) has fined prediction platform Polymarket with $1.4 million.
Israel Allows Users to Transfer Crypto Profits to Banks
Reading Time: < 1 minuteThe 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 minuteThe 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 minuteUS 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 minuteBanks 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 minuteThe 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 minuteThe 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 minuteThe 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 minuteJoe 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 minuteThe 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 minuteThe 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 minuteThe 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 minuteUS 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 minuteCrypto 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 minuteThe 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 minuteThe 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 minuteThe 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 minuteThe 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 minuteFDIC 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 minuteThe US Securities and Exchange Commission (SEC) needs to work with crypto companies to create a “smart structure” for industry regulation.
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