REGULATION
Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.
FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'
FTX co-founder and Chief Executive Officer Sam Bankman-Fried said some tokens could be classified as securities and those that are not, urging a federal oversight of the crypto industry.
Opinion: Terra – A lesson learnt for trading platforms?
The events related to the Terra and Luna collapse highlight why trading platforms need to provide clarity and education for their users. With tighter regulations looming, demonstrating responsibility and a commitment to consumer protection is vital if trading platforms are to thrive.
UK Treasury Doubles Down on Stablecoin Regulations in New Bill
Zahawi presented the Financial Services and Markets Bill to the members of Parliament on Wednesday with a proposal to regulate stablecoins and "digital settlement assets" as a form of payment assets in the UK.
Binance Exchange Fined €3.3M by Netherlands' DNB
The Central Bank of the Netherlands De Nederlandsche Bank (DNB) has fined Binance Exchange €3.3 million for allegedly operating a crypto trading service without receiving the appropriate authorization.
Coinbase to Expand European Operations by Acquiring Italian License
Nasdaq-listed cryptocurrency exchange Coinbase Global Inc has announced it has tapped a new license from the Italian market regulator, the Organismo Agenti e Mediatori (OAM).
Andorra to Ratify Digital Assets Adoption with Crypto Law
Andorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
Paraguay is advancing its crypto bill. Though it appears taking clues from its counterpart, El Salvador.
SARB to Introduce Crypto Regulation
South Africa has changed their mind in terms of crypto regulation. The regulator intends to introduce a legal framework to govern the use of cryptocurrencies in the country.
UK Parliament Requests Calls for Evidence on Crypto Impacts
The Treasury Committee of the Parliament of the United Kingdom has put out a Call for Evidence as it embarks on a mission to study the future of cryptocurrencies and how they will impact local society.
Bank Indonesia to Evaluate CBDC Influence to Local Economy
Governor of the Bank Indonesia (BI) suggested that crypto can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting CBDC on the local economy.
US Treasury Invites Public Opinions on Digital Assets Framework
The US Treasury Department has requested US citizens to comment on how Biden's Executive Order on digital assets could be streamlined and modernized.
‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator
DFPI is investigating several firms offering “crypto-interest accounts” after these platforms abruptly suspended funds withdrawals. These firms have recently put the lives of millions of consumers at risk.
Binance Taps Operating License from the Bank of Spain
Binance cryptocurrency exchange has received the license to operate in Spain through its subsidiary in the country, Moon Tech Spain SL
Filipino Thinktank Infrawatch PH Blows Whistle on Binance
Filipino think-tank, Infrawatch PH has called on the Department of Trade and Industry (DTI) to investigate Binance exchange for illegally operating in the Philippines.
Ethics Watchdog Bans Crypto Holders from Proposing US Digital Assets Regulation Policies
The legal advisory notice from the US Office of Government Ethics (OGE) has banned federal employees, who invest directly in cryptocurrencies, from working on policies related to such digital assets.