CRYPTO REGULATIONS
China Escalates Crackdown on Crypto Ads with New Rules
China's new rules target crypto influencers and online marketing of financial products, reinforcing its ban on crypto trading and issuance.
EU Intensifies Sanctions on Russia, Impacting LNG, Banking, and Crypto Exchanges
The European Union has unveiled a new sanctions package against Russia, targeting liquefied natural gas imports, banks, and cryptocurrency exchanges to enhance pressure on Moscow.
Binance to Remove Turkish Language Option Amid Regulatory Changes
Binance announces the removal of the Turkish language option from its website and app from September 27, 2024, to comply with new regulations in Türkiye.
UAE Strengthens Crypto Regulations with New Framework
The UAE has announced a new regulatory framework for virtual assets, enhancing compliance and encouraging innovation within the crypto industry.
Binance Adjusts Services in Turkey Following New Crypto Regulations
Binance announces significant changes to its services in Turkey to comply with new crypto regulations, including halting Turkish language options and direct marketing activities.
Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations
The absence of defined rules and regulations governing cryptocurrencies in India has lately drawn the attention of the country's Supreme Court.
Legislation Introduced to Remove SEC Chair Gensler from His Role
United States Representative Warren Davidson has announced plans to introduce legislation that would remove SEC Chair Gary Gensler from his role and replace it with an Executive Director that reports to the Board. The move follows the SEC's proposed rule amendments that could bring certain brokers under additional regulatory scrutiny and redefine an "exchange." While Gensler has said the proposed changes could benefit investors and markets, SEC Commissioner Hester Peirce has criticized the move, accusing the regulator of stifling new technology and entrepreneurship. The SEC has faced criticism for using enforcement actions to develop the law on a case-by-case basis, rather than creating clear regulations.
US SEC Chair Gary Gensler: Coinbase and Other Crypto Exchanges Must Register with Agency
After raising concerns over Coinbase’s lending product, US SEC Chairman Gary Gensler has once again reiterated that cryptocurrency exchanges should register with the commission.
JPMorgan CEO Warned Investors Against Bitcoin Investment, Calls for Clear Regulations to Crypto Trading
Jamie Dimon, the CEO of JPMorgan Chase Bank, is still not a crypto supporter. He admits that JPMorgan clients are interested in cryptocurrency. JPMorgan is planning to offer Bitcoin funds to rich clients.
SEC Chair Gary Gensler Asks Congress to Regulate Crypto Exchanges
Gary Gensler, the chairman of the SEC, has urged US Congress to create a regulatory framework for crypto exchanges in the United States.
Turkey Government Considers Introducing New Regulations After Collapse of Two Crypto Exchanges
Turkey is discussing plans to tighten crypto regulations after two local exchanges collapsed a few days ago.
Andreessen Horowitz Names New York Stock Exchange’s Top Regulator to Head Its Cryptocurrency Unit
Andreessen Horowitz venture capital firm hires the current head of the New York Stock exchange (NYSE)’s regulatory unit.