Regulation
19 articles about Regulation — crypto guides, analysis, and market commentary.
Kraken parent goes for the OCC charter in big to become a federal crypto bank
What does this mean for the cryptocurrency industry? This move by Kraken would provide a significant boost to the mainstream adoption of cryptocurrencies. With a federally regulated trust company, Kraken can now offer services such as custodial solutions and custody accounts to institutional investors, making it easier
Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
and a foothold in Singapore, while also expanding its global customer base. What Does This Mean for Crypto Investors? Payward's acquisition of LedgerX is a major development for the cryptocurrency industry, as it further legitimizes the market and opens up new opportunities for investors. This move solidifies Payward's
New York sues Coinbase and Gemini Titan, calls their prediction markets illegal gambling
What are Prediction Markets? Prediction markets are platforms where users can place bets on the outcome of future events. These events can range from sports games to political elections to stock market fluctuations. These markets rely on the wisdom of the crowd to accurately predict the outcome of these events. One of
SEC Chair Atkins Says ‘Reg Crypto' Proposal Covering Fundraising and Startup Exemptions Is One Step From Publication
Crypto Regulation Proposal in the Hands of White House for Final Review The cryptocurrency market has been on a rollercoaster ride in recent years, with the rise and fall of various digital assets and the emergence of new technologies. As the industry continues to grow and evolve, governments around the world are grapp
CFTC chair says agency is ready to oversee entire crypto market
The Beginning of a New Era for the CFTC Michael Selig, the new chairman of the Commodity Futures Trading Commission (CFTC), has hit the ground running since being confirmed by the US Senate in December. As he wraps up his first 100 days in office, he has wasted no time in implementing his vision for the agency and the
Australia passes crypto regulation requiring exchanges to obtain financial services licenses
Regulatory Changes: The cryptocurrency industry is constantly evolving, and with that comes changes in regulations. Recently, there has been a major development in the crypto space, as exchanges and custody platforms must now obtain financial services licenses within six months under the new framework. This new regulat
The SEC just gave crypto its clearest win in years, but much of it could still be reversed
Regulatory Clarity at Last With the recent announcement from the US Securities and Exchange Commission (SEC) that Ethereum (ETH) is not a security, the crypto community is breathing a collective sigh of relief. This long-awaited ruling brings much-needed regulatory clarity to the world of cryptocurrency. ETH Soars, Oth
Elizabeth Warren, OCC Chief Spar Over Trump-Linked Crypto Bank Bid
The Beginning of the Scandal: WLFI's Charter Bid Warren, a prominent figure in the world of crypto, recently made headlines by calling out WLFI's charter bid as the "most disgraceful" corruption scandal. This bid, which was meant to secure a charter for WLFI's cryptocurrency exchange, has been surrounded by controversy
Crypto.com wins initial approval for U.S. federally regulated crypto custodian bank
Streamlining Custody Services The first benefit of the national trust charter institution is the streamlining of custody services. This means that all crypto assets, whether it be Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC), can be held under one single framework. This will make it easier for investors and institu
China Enacts Fresh Crypto Crackdown
New Regulations for Cryptocurrencies in China The Chinese government has been taking a strict stance on digital assets, with the recent crackdown on cryptocurrency mining and trading. Now, the PBOC is set to extend its regulatory reach over the sector with the new mandate. This move is in line with China's efforts to m
UK bans Coinbase ads that ‘trivialized' crypto risks: Report
The Controversial Ad The ad, which was initially released in December 2020, features a man walking through a desolate and run-down UK as he sings about the potential of cryptocurrency. However, the ad received backlash for its negative portrayal of the UK and its lack of regulation in the crypto space. #CoinbaseAd #Cry
Senate Republicans race toward crypto vote on bill with uncertain Democratic buy-in
Possible subheading: The Impact of Congressional Committees on the Crypto Industry With the rise of cryptocurrency and its increasing presence in the global financial market, it's no surprise that it has caught the attention of government officials. In the United States, Congress has been actively discussing and propos
Turkmenistan passes law regulating cryptocurrency mining and exchanges
Legalisation of Digital Assets in Turkmenistan The Central Asian country of Turkmenistan has recently made a major move towards regulating and legalizing digital assets. This decision comes as a surprise to many, considering the strict stance of the government on cryptocurrencies in the past. However, the country's sta
France turns up the heat on Binance and rivals amid EU power struggle
ACPR Audit of Binance and Other Exchanges The French regulator, Autorité de contrôle prudentiel et de résolution (ACPR), has announced that it is conducting an audit of Binance and several other cryptocurrency exchanges. This move comes as France aims to strengthen its role in enforcing the upcoming Markets in Crypto-A
Russian central bank chief demands total crypto ban – Is Moscow shutting down digital trading?
The New Regulations In July 2021, Russia passed a law that prohibits the use of cryptocurrencies as a means of payment. This means that individuals and businesses are not allowed to buy goods or services with digital assets such as Bitcoin (BTC) or Ethereum (ETH). The law also restricts the issuance and circulation of
South Korea eyes KuCoin, BitMEX in crypto exchange crackdown
Possible Sanctions for Non-Compliant Exchanges The FIU has identified several crypto exchanges that have not registered with the appropriate authorities, which is a violation of the country's laws on financial transactions. These exchanges may face fines, suspension of operations, or even potential shutdowns if found g
Crypto-Friendly Former Congressman Patrick McHenry Joins A16z as a Senior Advisor
Introducing the New Crypto Policy Advisor: John McHenry #CryptoPolicy #InnovatorsUnite John McHenry, a well-known figure in the crypto community, has recently taken on a new role as a policy advisor for the industry. With years of experience and a deep understanding of the ever-changing regulatory landscape, McHenry is
Hong Kong issues nine digital asset platform licenses, plans more approvals
Regulators Issue Digital Asset Platform Licences in Hong Kong The financial industry in Hong Kong has been rapidly embracing cryptocurrencies and digital assets. In a recent announcement, Hong Kong's financial secretary Paul Chan revealed that the city's regulators have issued a total of nine digital asset platform lic
US SEC case against crypto exchange Binance put on hold
The Case Against Binance The SEC filed a lawsuit against Binance in April, alleging that the exchange illegally offered and sold securities without being registered with the commission. The lawsuit also named Binance CEO Changpeng Zhao and an additional company, Binance Holdings Limited, as defendants. The SEC claimed