Search
Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector
24.3.2023
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as...
Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO
23.3.2023
Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated
UK to Ramp Up Crypto Oversight: Tax Forms to Include Separate Reporting for Crypto Assets – More Regulation Incoming?
16.3.2023
The UK will ramp up oversight of the crypto sector with tax forms sent out to individuals now set to include a separate reporting option for crypto assets.
The change to the tax form will take effect from the tax year that ends in April 2025, and applies to forms for capital gains tax.
These...
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
6.3.2023
As it stands, there’s no way for people to know which crypto firms they can rely on, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), in a speech Monday
Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules
18.2.2023
The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and...
Former Coinbase manager slams SEC in motion to dismiss insider trading case
7.2.2023
The attorneys for Ishan and Nikhil Wahi wanting the case thrown out arguing the SEC was “wrong” when charging the pair
China's Hainan to boost NFT oversight as digital yuan trial ramps
31.1.2023
Hainan's market regulator wants to promote NFTs as part of the digital economy, but will actively work to weed out bad actors and speculative behavior
Fed policy to align bank oversight could limit crypto activities by state banks
27.1.2023
The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive
CFTC's Johnson urges Congress for expanded powers in crypto oversight
27.1.2023
Johnson wants to protect customers in a way that reduces the risk of crises, and proposes a number of amendments to existing crypto regulation
Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle
26.1.2023
The senators coauthored a letter to the Public Company Accounting Oversight Board chair asking how FTX and other crypto firms were audited and why the audits failed so badly
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
8.1.2023
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration...
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
6.1.2023
The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s...
FTX collapse calls for 'prudent regulation' in the UK
26.12.2022
The United Kingdom is taking cautionary lessons from the collapse of FTX as calls for greater regulation come from public and private sector institutions
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
19.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC)...
US Financial Stability Oversight Council urges congressional action on crypto
16.12.2022
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
14.12.2022
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was...
Canadian Securities Regulators to Strengthen Crypto Oversight After FTX Collapse
13.12.2022
The country's securities regulatory body will consider enforcement action if crypto companies do not comply
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
10.12.2022
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over...