REGULATION
CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies
The recent heated debate between the US SEC officials and the CFTC over who should police crypto tokens highlights the difficulty in applying existing regulations to the nascent sector.
Gary Gensler Wants Congress to Back the SEC in Regulating Crypto
SEC Chair Gary Gensler wants Congress to give his agency more powers to regulate the crypto industry.
FTX CEO Spends 5 Hours per day to Deal with Regulatory Issues
FTX CEO Sam Bankman-Fried revealed he spends five hours a day to deal with regulatory and licensing of cryptocurrencies issues, according to a CNBC report Monday.
South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges
The South Korea financial regulator has uncovered 14 fake accounts used by crypto exchanges.
Sen. Warren Nudges Treasury Sec, Regulators to Address Crypto-Related Risks
The request for crypto regulation was re-emphasised through the letter to U.S. Treasury Secretary Janet Yellen by Democrat Senator Elizabeth Warren.
Currency.com Joins UK's Crypto Trade Association CryptoUK as an Executive Member
Currency.com has officially announced that it will join CryptoUK, the trade association of the UK's encrypted digital industry, as an executive member. It commits to share best practices and recommend how the sector responds to industry developments.
European Commission Moves to Tighten Rules on Cryptocurrency Transfers
The European Commission has announced that firms transferring Bitcoin and other cryptocurrencies must collect details of payers and payees to help regulators prevent the flow of dirty money.
Russia To Introduce Laws Regarding the Confiscation of Crypto Assets
Russia Prosecutor General Igor Krasnov said that the administration is preparing to introduce legislative amendments to the confiscation of illegal digital assets by law enforcement agencies, according to TASS.
Chinese Regulators Shut Down A Domestic Software Firm Over Alleged Involvement in Illegal Crypto Trading
A local Chinese software company suspected of involvement in cryptocurrency trading activities was forced to shut down by two Two financial regulators in China, including the People’s Bank of China (PBoC).
Binance Temporarily Suspends SEPA Euro Bank Deposits, Citing Events Beyond Its Control
Cryptocurrency exchange Binance is facing increasing hurdles in Europe. The financial institution announced to temporarily suspend Euro bank deposits through the Single Euro Payments Area (SEPA) network.