Binance’s regulatory woes don’t seem to scare crypto investors

The Commodities Futures Trading Commission (CFTC) filing against Binance represented the culmination of increased regulatory pressure on the crypto industry.  On March 27, the CFTC sued the company, its CEO Changpeng Zhao (CZ), and its compliance lead Samuel Lim for violating commodities regulations in the United States The market reacted switftly to the filing, with Bitcoin […] The post Binance’s regulatory woes don’t seem to scare crypto investors appeared first on CryptoSlate.

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SEC chief Gary Gensler to face Congress grilling over crypto policy

The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States.

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Ripple CEO advises U.S. to embrace crypto regulations

Ripple (XRP) CEO Brad Garlinghouse said the United States lags behind several countries with pro-crypto regulations due to its hardline stance toward the industry. The post Ripple CEO advises U.

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UK corporate law is too weak for crypto scammers, report shows

A recently released investigative report compiled by the Bureau and the Observer reveals that organized criminal groups use the United Kingdom as a virtual base for their scamming activities due to the country’s lenient company laws.

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Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’

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UAE hosts 4% of FTX clients, tighter regulations ahead

FTX, a fallen crypto trading giant, was among the biggest shareholders of the crypto market. According to reports, at least 4% of the clients of this exchange were based in the United Arab Emirates region.

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EU Commissioner urges lawmakers to hurry up with crypto regulations

During her visit to the United States, the official highlighted the importance of a truly global regulatory effort.

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California Is Leaving No Stone Unturned To Protect Residents Engaging In Digital Financial Asset Business Activities

The state of California, in the United States (US), plans to streamline the playing field by putting regulations for crypto players in place. The bill introduced by Assemblymember Timothy Grayson, titled “Digital financial asset businesses”, aims to set the regulatory framework for crypto businesses operating in California.

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Boris Johnson resignation may halt U.K. crypto regulations

United Kingdom’s Prime Minister and the leader of the Tory Party, Boris Johnson, announced his resignation from the party leadership on July 7. The post Boris Johnson resignation may halt U. K.

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Ripple CEO criticizes SEC for 'contradictions' on crypto regulations

“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States," said Brad Garlinghouse.

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SEC commissioner criticizes crypto bailouts as ECB president calls for staking regulations

United States SEC Commissioner Hester Peirce criticized crypto bailouts in a recent Forbes interview and said the current market crash could set the foundation for a more sustainable future for the industry.

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New US bill looks to incorporate crypto into the traditional financial system

Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the United States senate.   According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the United States financial system.

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US crypto regulations should be ‘tech neutral,’ says Janet Yellen

The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.

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U.S. crypto regulations should be ‘tech neutral,’ says Janet Yellen

The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.

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Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations

The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets.

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FTX becomes the first exchange to be licensed under the new Dubai crypto regulations

FTX, a global cryptocurrency exchange, has become the first exchange to be licensed under the new Dubai Virtual Asset Regulation Law. The license will allow the exchange to extend its operations into the United Arab Emirates (UAE).

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Bitfury CEO acknowledges the benefits of the US executive order on crypto

The crypto regulatory framework for digital assets in the United States has shifted following the executive order signed by the US president. The executive order addresses regulations in the cryptocurrency industry and the development of a central bank digital currency (CBDC).

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President Biden could sign crypto executive order this week

Amidst the pressures on crypto companies to discontinue their services in Russia, the President of the United States, Joe Biden, will soon sign an executive order that’ll pave the way for crypto regulations, according to a Bloomberg report.

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What happened to the BitMEX founders in New York federal court?

BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to breaking anti-money laundering (AML) regulations in the United States Southern District Court of New York. The post What happened to the BitMEX founders in New York federal court? appeared first on CryptoSlate.

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Reports Show Government Intends To Imply Stricter Regulations On Cryptocurrency ATMs

In a press release yesterday, the federal agency stated that crypto kiosks, or cryptocurrency ATMs, played a major role in the increasing crimes. The United States GAO (Government Accountability Office) blames crypto kiosks for increasing drug trafficking and human trafficking.

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UAE regulators pave way for crypto and blockchain adoption, says legal expert

Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates.

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Former U.S. official criticizes SEC crypto regulations

In their bid to better understand the crypto industry and its operations, US lawmakers invited the chief executive officers (CEO) of some leading crypto exchanges to a major hearing tagged “Digital Assets and the Future of Finance: Understanding Innovation in the United State.

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CFTC commissioner discourages enforcement actions without regulations

Cryptocurrencies are being celebrated by investors but the lack of regulations has put them in a fix. In the United States, there have been actions taken against crypto businesses for lack of complianThe post CFTC commissioner discourages enforcement actions without regulations appeared first on AMBCrypto.

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FTX exchange offers its suggestions as the US moves towards crypto regulations

The United States’ regulators have finally decided that it is time for the country to get some laws regarding the ever-growing cryptocurrency industry. However, while many in the industry are willing to accept any kind of rules, crypto exchange FTX seems to have come up with its own idea of what the regulated crypto industry […] The post FTX exchange offers its suggestions as the US moves towards crypto regulations appeared first on Invezz.

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'Federal agencies should answer questions' about crypto regulations, says U.S. Senator

Pressure is mounting on the United States Securities and Exchange Commission [SEC]. Since, not just fintech stakeholders, but even senators call on Congress to clear the muddied waters of crypto laws The post 'Federal agencies should answer questions' about crypto regulations, says U.S. Senator appeared first on AMBCrypto.

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Hillary Clinton Urges Governments to Set Stronger Regulations for Cryptocurrency Market

The former United States Secretary of State Hillary Clinton has called on governments to regulate cryptocurrency. She said that the crypto market faces technological manipulation from China, Russia, and other nations.

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Ethereum Overtook XRP As Second-Largest Crypto With SEC’s Help, Claims Ripple Chief

Ripple Chief Brad Garlinghouse has stated that the United States Securities and Exchange Commission (SEC) assisted Ethereum to surpass XRP as the second-largest asset on the crypto leaderboard. SEC Helped Ethereum Surpass XRP: Garlinghouse Garlinghouse of blockchain firm Ripple and the XRP token has been sharing his insights regarding the current state of regulations in […]

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Bank Of England Seeks To Strengthen Cryptocurrency Regulations

John Culifferthe, Bank of England’s Deputy Governor, discouraged crypto’s use in the UK’s finance system. He announced earlier that although cryptocurrencies are becoming more supported within United Kingdom’s financial system, they aren’t a significant threat.

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Resistance Grows to Big Bank and Cryptocurrency Critic for the OCC Chair

Cryptocurrency regulations continue to stall in the United States, with regulators and industry players seemingly unable to reach a consensus. At the same time, the Biden administration appears to be having trouble with its latest financial regulatory candidate.

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Stronger crypto regulations in US won't necessarily help prevent fraud, says Okcoin CCO

Megan Monroe said an "incubator" approach might be one possible solution to the current “patchwork of financial regulations” in the United States.

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Jack Dorsey has a 'workable simplification' for crypto tax provision

The lack of regulations in the field of cryptocurrencies once again emerged as a pain point when the United States government released its proposed tax provisions, as part of the Infrastructure Bill.

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Gary Gensler: Clear Regulations Needed for Mainstream Crypto Adoption

The United States Securities and Exchange Commission’s (SEC) Gary Gensler has declared during an interview on August 3, 2021, that proper investor protection and clear-cut regulations are some of the key catalysts needed for mainstream crypto adoption.

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Proposed U.S. Bill Seeks to define Crypto Under Securities Act

The United States has often been criticized for its slow pace in enacting much-needed cryptocurrency regulations. Perhaps the biggest issue that has yet to be resolved is whether or not cryptocurrencies are securities.

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U.K's crypto-users are growing in number, but do they even understand the asset class?

The United Kingdom’s approach to cryptocurrency regulations has been measured, but it has matured in the post-Brexit financial landscape. Even though the U. K didn't ban the whole crypto-sector, therThe post U.

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U.S. SEC Commissioner Hester Peirce Speaks Out Against Stringent Cryptocurrency Regulations

Hester Peirce, a Commissioner of the United States Securities and Exchange Commission, also known as “Crypto Mom”, has said that any attempt by the U. S. regulators to impose strict regulatory policies on the crypto industry could stifle innovation in the country.

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Bitcoin Gains Steam With U.S. Politicians, Will It Become A National Movement?

Politicians in the United States seem to be embracing Bitcoin. In the last two weeks, various states across the U. S. territory have pushed regulations, resolutions, and statements that acknowledge BTC as an asset on the path to gain broader adoption.

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Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19. Dimon seems to have changed his […]

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UK Crypto Taxation Guidelines Issued by Revenue and Customs Agency

The United Kingdom’s tax collection body, Her Majesty’s Revenue and Customs (HMRC) has issued a new document that explains taxation guidelines for cryptocurrency. UK Crypto Regulations The Cryptoassets Manual defines the tax rates for crypto transactions that involve businesses and companies.

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Blockchain.com Enlists Former White House Deputy Chief of Staff

United States Deputy Chief of Staff under the Obama administration, Jim Messina, has joined blockchain giant, Blockchain. com. He is now part of the board of directors of the London-based firm. With Messina aboard, the company signals its intention to remain a major force in the industry despite impending regulations.

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US lawmakers propose a bill to clarify cryptocurrency regulations

The United States lawmakers proposed a bill to provide clear regulations for the country’s… The post US lawmakers propose a bill to clarify cryptocurrency regulations appeared first on Coin Journal.

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President Biden Temporarily Suspends FinCEN’s Proposed Crypto Wallet Rule

President Joe Biden has mandated all federal agencies in the United States to temporarily suspend all in-process regulations pending when they have been thoroughly reviewed by members of his cabinet.

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Bitcoin Is ‘Highly Speculative’ And Used In ‘Reprehensible Money Laundering’ Says ECB President

ECB President Christine Lagarde further called on cooperation amongst global regulators for united Bitcoin regulations The post Bitcoin Is ‘Highly Speculative’ And Used In ‘Reprehensible Money Laundering’ Says ECB President first appeared on BitcoinExchangeGuide.

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FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies

The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury shared its intent to amend the FBAR for cryptocurrencies. The official document “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency” notes that currently, FBAR regulations do not define a foreign account holding virtual currency […] The post FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies first appeared on BitcoinExchangeGuide.

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Lack of stablecoin regulations could be 'dangerous,' says Cardano's Hoskinson

The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on WedneThe post Lack of stablecoin regulations could be 'dangerous,' says Cardano's Hoskinson appeared first on AMBCrypto.

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UK Authorities Get Serious with Stablecoins, Set to Unveil Regulatory Framework 

The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020.

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UK drafting stablecoin regulations and researching a CBDC

The United Kingdom has announced forthcoming regulatory proposals for stablecoins and ongoing research into CBDC.

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Why Ripple is Considering Leaving the US for Singapore

The United States is a minefield when it comes to crypto regulations, and that lack of clarity could result in one of its largest crypto firms, Ripple, moving overseas. According to recent reports, Ripple executive chairman Chris Larsen has warned that the fintech and blockchain firm is close to moving its headquarters overseas in response […] The post Why Ripple is Considering Leaving the US for Singapore appeared first on BeInCrypto.

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CFTC charges BitMEX with illegally operating an unregistered trading platform

The United States Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures.

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Crypto regulations in the United Kingdom: Are we there yet?

For the U.K. to remain attractive to the crypto industry, it should strive to provide more clarity and certainty around compliance.

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