Regulation — Page 100

FDIC issues a crypto advisory to clarify the scope of its deposit insurance.

The IMF recommended that special safeguards must be put in place for banks and M-Pesa against unfair competition from the digital shilling.

The NCA seized $33 million in crypto from April 2021 to March 2022.

Shark Tank star and Dallas Mavericks owner warned that the SEC would introduce new rules on crypto token registration that he described as a nightmare for the crypto industry.

The Ministry of Economic Development plans to introduce several amendments to the law “On Digital Financial Assets” and the Civil Code to enable them to regulate Russia’s NFT market.

Crypto exchange Kraken is under investigation for allegedly allowing Iranian users access to its services.

Incoming Bangko Sentral Ng Pilipinas (BSP) governor Felipe Medalla said that banning cryptos such as Bitcoin (BTC) and Ether (ETH) is not an option, which is good news for the country’s crypto market, the world’s fift…

SEC identified the tokens AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM as securities.

California is now one of the 12 states that explicitly allow crypto campaign contributions.

Tom Emmer, the Republican Congressman from Minnesota, became the latest politician to criticize the SEC’s actions and described it as a power-hungry regulator that threatened players in the digital assets industry.

In an advisory published on July 18, the FBI warned that criminals are targeting crypto investors by designing apps that use the same logos and identifying information as legitimate crypto firms.

Russian President Vladimir Putin has signed into a law a bill that bans the use of digital assets, including cryptos such as Bitcoin (BTC), Ethereum (ETH) and non-fungible tokens (NFTs), as payment for goods and servi…

The Central Bank of Sri Lanka (CBSL) has issued a warning to the public against making crypto purchases citing the lack of regulations and risks associated with cryptocurrencies.

With her recent addition, Ignatova became the only woman on the FBI's 10 most wanted list.

In its Financial Stability Report, RBI Governor Shaktikanta Das described crypto as a clear danger and mere speculation.

The central bank’s team has been simulating the use of the CBDC in a closed-loop environment.

In terms of taxation, the new regulation is friendly for crypto miners as it won’t impose taxes on all mined cryptocurrencies.

Bank Al-Maghrib (BAM), the Moroccan central bank, is currently working on a cryptocurrency regulation framework bill that will guide the digital assets market in the country.

Gary Gensler said that Bitcoin is the only one he is comfortable publicly labeling as a commodity.

Matt Hancock urged for an attractive tax structure on top of a liberal regulatory regime to help the U.K. become the jurisdiction of choice for crypto.

Coinbase users in the Netherlands who want to send crypto away from the exchange will be required to provide the recipient’s full name, residential address, and the purpose of the transfer.

An MAS executive said that the Singaporean central bank will be “brutal and unrelentingly hard” on bad behavior in the crypto industry.

Upbit, Bithumb, Coinone, Korbit, and Gopax, South Korea’s top five crypto exchanges, plan to create a consultative body whose goal is to prevent the recurrence of a token collapse similar to the crash of the $60 billi…

The regulator highlighted some of the risks associated with NFTs including illiquid secondary markets, volatility, opaque pricing, hacking and fraud.

The U.S. and the U.K. are the farthest behind on CBDC development among G7 member countries.

The four companies that will be selected as project participants will receive 200 million won (around $160,000) each.

Blockchain Australia Chairman Adam Poulton likened crypto to “just another form of money” with an exchange rate linked to the Australian dollar.

Despite the recent market downturn, the island territory is now aspiring to be among the top crypto hubs as well and has been actively expanding its crypto sector since 2017.

While the Treasury recognized the importance of stablecoins, it also pointed out its potential to negatively impact financial stability in cases of systemic failures.

Support for cryptocurreny has grown within the government since the imposition of Western sanctions.

Russia is reportedly mulling on the possibility of using cryptos such as Bitcoin (BTC) and Ethereum (ETH) for international settlements as the country faces restrictions due to Western sanctions for its invasion of Uk…

Russian Federation’s Minister of Industry and Trade Denis Manturov says crypto legalization will happen sooner or later.

The Financial Services Commission (FSC) released a report that recommended a new licensing system for token issuers and exchanges to enhance investor protection.

The development is seen as a step toward the legitimacy of cryptos such as Bitcoin (BTC) and Ethereum (ETH) and could promote further adoption in Nigeria, one of the leading countries for digital currency adoption.

According to the SEC, Nvidia failed to disclose that demand from the crypto mining sector was a significant element for the spike in the sales of its gaming graphics processing units (GPUs) during consecutive quarters…

The central bank’s recognition of Qredo as a registered Bitcoin services provider will also allow the firm to start offering BTC custodian services, wallets, payment services and act as a crypto exchange.

The crypto exchange is now listed as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF), allowing the company to start offering its trading and custody services for Bitcoin and other …

Binance reportedly blocked the crypto accounts of Elizaveta Peskova, the daughter of President Vladimir Putin’s spokesman Dmitry Peskov as well as Polina Kovaleva, the stepdaughter of foreign minister Sergei Lavrov.

The bill treats crypto assets as foreign-source income, which means that crypto earnings won’t be subject to capital gains taxes based on Panama's territorial taxation system.

The country legalized cryptocurrencies and made Bitcoin legal tender alongside the existing CFA franc.