South Korea Wants Companies to Disclose Crypto Holdings

Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules. дальше »

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China Draws up AI Rules to Align With Core Socialist Values

China's Cyberspace Administration wants organization to register censored generative products within 10 days of their launch. The post China Draws up AI Rules to Align With Core Socialist Values appeared first on BeInCrypto. дальше »

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Report: China to tighten rules around releasing generative AI tools

Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems. дальше »

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Implementing tokenized securities for regulatory compliance

Since they are programmable, tokenized securities enable the implementation of automated compliance rules and the execution of complex financial transactions. дальше »

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CFTC Investigators Conclude Celsius And Former CEO Violated Rules, Potential Case Looms

The Commodity Futures Trading Commission (CFTC) has concluded its investigation into bankrupt crypto lender Celsius and its former CEO, Alex Mashinsky, and found that they violated United States rules, according to sources familiar with the matter. дальше »

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CEL falls after Celisus Network and its former CEO found guilty

The United States Commodity and Futures Trading Commission (CFTC) has concluded investigations into Celsius Network. The CFTC has found the former CEO and Celsius Network guilty of breaking several rules before the company collapsed. дальше »

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Former Celsius CEO Alex Mashinsky ‘Broke Rules’ and Misled Investors Before Collapse: CFTC

CFTC Investigators discovered that Celsius deceived investors before it filed for bankruptcy, according to sources to the newspaper. It is accused of failing to register with the regulator, with Mashinsky himself on the radar for breaking regulations. дальше »

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CFTC to find Celsius and Former CEO Mashinsky violated US rules, Bloomberg reports

Commodity Futures Trading Commission (CFTC) investigators have reportedly found that crypto lending platform Celsius Network violated US regulations before bankruptcy. These violations also implicated the firm’s former CEO, Alex Mashinsky, as reported by Bloomberg. дальше »

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EU Metaverse Strategy Set to Examine Privacy, Competition and Rights

A policy paper next week won’t set legislative rules – but could point the way ahead on some key Web3 issues. дальше »

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Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg

CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings. дальше »

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Circle Considers Issuing Stablecoin in Japan Under New Rules

The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework. дальше »

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UK sets deadline for crypto industry to tackle misleading ads or face severe penalties

In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. дальше »

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CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

If a majority of CFTC commissioners agree with the conclusion, the regulator could file a case in federal court.

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Australian regulator searched Binance Australia’s offices

Key takeaways Australian Securities and Investments Commission searched Binance Australia’s office on Tuesday. The cryptocurrency exchange maintains that it is focused on complying with rules. дальше »

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U.K. Blazes Trail With New Cryptocurrency Rules

The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick. дальше »

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FCA Writes To Crypto Marketing Firms On Incoming Financial Promotions Regime

The United Kingdom Financial Conduct Authority (FCA) informed crypto firms about the incoming financial promotion rules for UK customers. The FCA introduced these rules on June 8, considering that crypto ownership in the UK doubled from 2021 to 2022, with a survey that revealed that 10% out of 2000 participants held one form of crypto asset […] дальше »

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Mastercard chief digital officer believes tokenization needs TradFi rules to go mainstream

Mastercard believes that blockchain technology can revolutionize payments, but it needs “financially-regulated applications” and “central bank-backed money” to achieve mainstream adoption, according to chief digital officer Jorn Lambert. дальше »

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BNY Mellon’s crypto custody venture runs afoul of SEC rules

The Bank of New York Mellon’s (BNY Mellon) foray into the digital asset custody business has hit a regulatory hurdle, per American Banker. It emerged that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121) requires custodians of digital assets to record those assets on their balance sheets. дальше »

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The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

No new crypto rules are needed, said Aaron Kaplan, co-CEO of Prometheum Inc., and his company means to demonstrate it – even as the issuers whose tokens it seeks to trade say no thanks. дальше »

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UK Law to Regulate Crypto Awaits King Charles’ Signature

The UK government is nearing final approval of a bill that would bring cryptocurrencies under the same rules as traditional assets. The Financial Services and Markets Bill, which was approved... дальше »

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UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law

The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity. дальше »

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Slovakia Stands to Lose €30M Through Crypto Tax Cuts

Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.

The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.

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ECB to Start Wholesale CBDC Settlement Trials in 2024

The central bank wants to see innovative interventions in financial markets – but under existing rules. дальше »

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KuCoin to introduce mandatory KYC, ending deposits for non-verified users

Crypto exchange KuCoin announced on June 28 that it will soon implement mandatory know-your-customer (KYC) checks for its users, a significant shift from their past policies New KYC rules begin in July KuCoin said that new customers will need to complete KYC checks to access its trading platform and other services starting on July 15, […] The post KuCoin to introduce mandatory KYC, ending deposits for non-verified users appeared first on CryptoSlate. дальше »

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EU finalizes controversial smart contract kill switch rules under Data Act

The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.

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EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators

Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry. дальше »

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Hongkong Gets More Attention, Now From Circle Stablecoin Issuer: Implications

Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and stablecoins.  Allaire’s remarks came during […] дальше »

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EU Seals Deal on Crypto Bank-Capital Rules

Lawmakers have previously favored ‘prohibitive’ capital requirements to keep unbacked crypto assets out of the banking system дальше »

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Judge denies motion from Binance regarding allegedly ‘misleading’ SEC statements

The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements. дальше »

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Japan Grants Exemption From 30% Crypto Tax On Paper Gains To Token Issuers

The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies. дальше »

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Token issuers in Japan exempt from 30% crypto tax on paper gains

Japan’s National Tax Agency has partially revised its corporate tax guidelines, implementing new tax rules for token issuers.

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Japan’s token issuers are now exempt from corporate tax on unrealized gains

Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings. дальше »

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Shiba Inu Burn Twitter account experiences suspension

Shibburn said that Twitter’s developer portal indicates a violation of Twitter rules and policies by its app.

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Shiba Inu Burn Twitter account suspended amid transparency concerns

In an unexpected development in the cryptocurrency community, Shiba Inu lost its burn Twitter account (Shibburn). The Developer Portal message cited violation of Twitter policies and rules. The event has attracted attention as the account holders tagged the new Twitter CEO Linda Yaccarino and Elon Musk, asking for a resolution. дальше »

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Shiba Inu Burn Twitter account suspended for violating rules

In an unexpected development in the cryptocurrency community, Shiba Inu lost its burn Twitter account (Shibburn). The Developer Portal message cited violation of Twitter policies and rules. The event has attracted attention as the account holders tagged the new Twitter CEO Linda Yaccarino and Elon Musk, asking for a resolution. дальше »

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US Supreme Court rules in favour of Coinbase

In a partisan ruling on June 23, the US Supreme Court ruled in favour of the cryptocurrency exchange Coinbase, putting an end to legal actions brought against it in two California cases. In the class-action lawsuits, the plaintiffs claimed Coinbase failed to offer adequate relief after users lost money and that the company had engaged […] The post US Supreme Court rules in favour of Coinbase appeared first on Invezz. дальше »

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Supreme court rules in favor of Coinbase, issues order to move user lawsuit into arbitration

The U. S. Supreme Court ruled in favor of cryptocurrency exchange Coinbase in a dispute involving the enforcement of arbitration clauses on June 23, Reuters reported. The court issued an order to halt proceedings in one of the pending customer lawsuits — Bielski vs. дальше »

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Sam Bankman-Fried Can't Subpoena Law Firm Fenwick & West for Documents, U.S. Judge Rules

The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was "at the core" of the government's criminal allegations against him. дальше »

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US Supreme Court Rules in Favor of Coinbase, Orders a Halt on Court Proceeding

The US Supreme Court has allowed Coinbase to move customer disputes into arbitration, potentially setting a precedent for similar lawsuits in the crypto industry. The post US Supreme Court Rules in Favor of Coinbase, Orders a Halt on Court Proceeding appeared first on BeInCrypto. дальше »

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SEC vs. Binance: Regulator Caught Lying and Misleading the Public

In an intriguing twist, Binance accuses the SEC of deception and misleading the public in their ongoing legal wrangle, demanding court intervention for compliance with conduct rules. The post SEC vs. дальше »

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Binance asks court to make SEC comply with rules of conduct after ‘misleading’ press release

Binance-related companies asked courts on June 21 to prevent the U. S. Securities and Exchange Commission (SEC) from making misleading statements. Binance’s filing notes that, on June 17, the companies reached an agreement with the SEC regarding a consent order that dictates how Binance. дальше »

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Former Barclays CEO to Crypto: Play by the Rules

Former Barclays CEO, Bob Diamond, recently spoke out on CNBC's Squawk Box, encouraging the cryptocurrency industry to embrace regulation and calling for clearer guidelines to harness the potential of digitalization дальше »

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Singapore Central Bank Standardizes Rules for Digital Asset Settlements

Singapore issues new standards for a protocol governing the exchange of programmable money. The post Singapore Central Bank Standardizes Rules for Digital Asset Settlements appeared first on BeInCrypto. дальше »

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Why The Ripple General Counsel Demands Impartiality From SEC Staff

In a recent post, the Chief Legal Officer of Ripple, Stuart Alderoty, stated that legally federal employees must act impartially. As such, the United States Security and Exchange Commission (SEC) especially should comply with rigid rules. дальше »

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EU Commission Brushes Off 'Data Act' Fears by Crypto Industry

New rules could kill off permissionless smart contracts, the industry worries. дальше »

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UK lawmakers in Upper House approve new crypto regulation bill

UK lawmakers in the Upper parliament, the House of Lords, have approved a new bill that if adopted into law could offer comprehensive rules that define crypto regulation in the country. UK’s FSMB in final stages before becoming law The Financial Services and Markets Bill (FSMB) is a government bill first introduced in July 2022 […] The post UK lawmakers in Upper House approve new crypto regulation bill appeared first on Invezz. дальше »

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Chancer token prediction amid a craze for blockchain and P2P betting markets

Betting has come a long way, growing with technology and giving users better and enriched forms to participate in their favorite games and earn. But amidst these changes, the investor’s position hasn’t been strongly emphasized as they have to play by the rules and odds of the bookmaker. дальше »

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Japan’s crypto exchanges push for relaxed margin trading rules to attract new investors

Cryptocurrency exchanges in Japan have urged the authorities to loosen the regulations surrounding margin trading activities, according to a June 20 Bloomberg News report. JVCEA eyes higher leverage limits Japan Virtual and Crypto Assets Exchange Association (JVCEA), a body tasked with self-regulating the crypto industry, argued that its members want higher leverage limits for retail […] The post Japan’s crypto exchanges push for relaxed margin trading rules to attract new investors appeared first on CryptoSlate. дальше »

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France's Markets Regulator Backs Global Rules for DeFi

The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks. дальше »

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'Binance Can't/Won't Comply With Rules' in Netherlands: XPRL-Based XUMM Wallet Developer

XUMM wallet developer suggests real reason why Binance is withdrawing from Netherlands дальше »

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