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crypto regulations
FCA Has No Intention of Easing Its “Too Tough” Approach to Crypto Regulations
- Crypto innovations built on unsafe or unregulated bases, like houses built on sand, are likely to collapse.
- The market watchdog aims for “a crypto sector that's built on reliable, sturdy foundations” instead.
Monday, 21/10/2024 | 10:01 GMT by
Damian Chmiel
Cyprus Sets the Clock for Crypto: October 30 Deadline Looms, CASPs Applications Suspended
- CySEC has set the final date for accepting notifications from EEA crypto firms under national rules.
- Moreover, the Cypriot regulator will no longer accept new applications for Crypto-Asset Service Providers.
Thursday, 17/10/2024 | 09:29 GMT by
Damian Chmiel
Exclusive: Anthony Scaramucci Criticizes Warren-Gensler “Hegemony” in US Crypto Regulation
- Responding to Finance Magnates' question, the former White House Communications Director stated that a bipartisan approach is needed.
- He added that regulators were “very close” with the family of Sam Bankman-Fried, the founder of the collapsed FTX exchange.
Wednesday, 09/10/2024 | 15:34 GMT by
Damian Chmiel
The UK Faces Potential “Crypto Catastrophe” Due to Staff Shortages at FCA
- The FCA has expanded its crypto workforce to over 100, but according to Quant, its policy team remains understaffed.
- The company forecasts, that this staffing imbalance poses challenges for effective crypto regulation in the UK.
Wednesday, 17/07/2024 | 12:50 GMT by
Damian Chmiel
Why Is South Korea Postponing Crypto Taxation?
- South Korea delays crypto gains taxation until 2028.
Tuesday, 16/07/2024 | 15:56 GMT by
Pedro Ferreira
Crypto Regulations Are Imminent, but Will the Regulators Align?
- Much of the conversation surrounding cryptocurrency regulation in the US has been focused on something called the Howey Test.
- While the IRS claims crypto to be property, other agencies like the FBI see it as a form of currency.
Wednesday, 08/05/2024 | 13:40 GMT by
Brian Nibley
Regulatory Winds of Change: Crypto Industry Prepares for Compliance in 2024
- Different regions are reforming their crypto regulations at varying speeds, with the EU leading with its MiCA regulation.
- Progress in the US has been slow, with the SEC largely governing through enforcement action and conflicting with the CFTC.
Monday, 08/04/2024 | 18:44 GMT by
Duncan Ash
New York AG Expands Legal Pursuit against DCG, Unveils $3 Billion Fraud Allegations
- The initial lawsuit focused on misleading representations regarding the Gemini Earn program.
- According to the Attorney General, more than 230,000 investors suffered losses.
Friday, 09/02/2024 | 17:58 GMT by
Jared Kirui
SEC Hits TradeStation Crypto with $1.5 Million Penalty over Unregistered Services
- TradeStation intends to terminate its services in the US on February 22, 2024.
- The company will pay an additional $1.5 million to settle similar charges by state regulatory authorities.
Wednesday, 07/02/2024 | 20:17 GMT by
Jared Kirui
South Korea's President Challenges the FSC's Warning on Bitcoin ETFs
- Recently, the FSC warned securities firms against trading spot Bitcoin ETFs listed overseas.
- South Korea plans to explore legal changes and consider foreign practices regulating spot Bitcoin ETFs.
Friday, 19/01/2024 | 13:08 GMT by
Jared Kirui
EBA Takes On Crypto Risks: Extends Money Laundering Guidelines to CASPs
- These guidelines aim to equip the CASPs to identify and mitigate cryptocurrency risks.
- Specific risks highlighted by the regulator include rapid crypto-asset transfers and features concealing user identities.
Tuesday, 16/01/2024 | 15:21 GMT by
Jared Kirui
India's Crypto Crackdown: Offshore Exchanges Expelled from App Stores
- Apple has been directed to remove applications like Binance from its App Store within India.
- India has implemented anti-money laundering regulations and introduced taxes on crypto transactions.
Wednesday, 10/01/2024 | 16:35 GMT by
Jared Kirui
"BlackRock Definitely Has the Right Advisors for Bitcoin ETF": Legal Expert Dr Zvi Gabbay
- In the second part of the interview, Dr Gabbay admires the EU's crypto approach and noted that the US is pushing away the crypto business.
- "This is also the opportunity for politicians to step in and start offering their solutions."
Friday, 22/12/2023 | 16:25 GMT by
Sam White
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