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.
IMF Prioritizes Regulation over Ban on Crypto
The International Monetary Fund (IMF) supports regulating digital money and prioritizes differentiating between central bank digital currencies and crypto assets, such as stablecoins. The IMF's Managing Director, Kristalina Georgieva, clarified that the nuclear option to ban cryptocurrencies remains on the table, but the agency would prefer to pursue good regulations, predictability, and consumer protection.
Crypto Staking in South Korea: Balancing Innovation and Regulation
Balancing innovation and regulation in South Korea's crypto industry, with regulators concerned about staking's potential risks to consumers and market stability.
South Korea Regulator Probes Crypto Staking Services
South Korea's Financial Supervisory Service checks exchanges' crypto staking services for legality.
G20 To Establish Standards For Global Crypto Regulatory Framework
The Financial Stability Board, IMF, and BIS will propose worldwide crypto regulations.
FATF Releases Action Plan to Improve Implementation of Global Standards on Crypto
Over 200 governments agreed to tighten the "application of FATF Standards on virtual assets and virtual asset service providers".
The IMF Releases a Report on Jordan Preparations for a Central Bank
The IMF published a technical analysis on Jordan's retail central bank digital currency.
Lawyers for SBF time to discuss additional bail conditions
Sam Bankman-lawyers Fried's requested extra time to negotiate bail terms and identify a technical expert.
IMF Urges Countries to Consider Banning Cryptocurrencies
US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.
Grayscale CEO challenges SEC's denial of application
If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.
A Colombian court recently hosted its first legal trial in the metaverse
The metaverse hosted Colombia's Magdalena Administrative Court's February 15 session. Maria Quinones, the court's Magistrate, called it "realer than a video call."
FTX Japan users withdraw funds amid litigation
Due to the large number of FTX-SBF victims, payment is projected to take time.
G20 Discusses Crypto Regulations Under India Presidency
G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25.
Binance Australia Derivatives Closes Accounts After False Classification
The Australian Securities and Investments Commission would "target" the company's "classification of retail and wholesale customers."
Scammers Target Australians in Cryptocurrency Call Center Scheme
An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.
Former facilities worker who allegedly set up a secret cryptocurrency mining operation
After skipping a court arraignment session, Nadeam Nahas faces arrest for using a school's energy for bitcoin mining.