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CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Why Crypto Markets Require Regulatory Frameworks

Why Crypto Markets Require Regulatory Frameworks

To harness crypto's potential, clear rules are needed for stability, property rights, transparency, and fair competition, according to a16z crypto.

New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?

New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?

The Ponzi scheme disguised as a crypto platform managed to acquire over $380 million USD for the CEO and other company staff. Corner Up was promising estimated returns of up to 200% to investors for each investment made.

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security.

Thailand SEC Revises its Net Capital Rules In Favor of Crypto Backed Firms

Thailand SEC Revises its Net Capital Rules In Favor of Crypto Backed Firms

Thailand’s Securities and Exchange Commission has made an upward review of its net capital requirement for the securities firm in the country with crypto ties.

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.

SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip

SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip

Despite the ongoing market correction, DeFi tokens Synthetix Network Token and Aave maintains stable price momentums.

US Senate Banking Committee Chair Sends Letter to the OCC to Clarify Crypto Payment Rules

US Senate Banking Committee Chair Sends Letter to the OCC to Clarify Crypto Payment Rules

The US Senate Banking Committee Chair Mike Crapo sent a letter to the OCC to develop guidelines on digital payments.

Greece Council of State Rules for the Extradition of a Russian Bitcoin Laundering Suspect to France

Greece Council of State Rules for the Extradition of a Russian Bitcoin Laundering Suspect to France

Greece Council of State has ruled in favor of the order to extradite a Russian bitcoin laundering suspect named Alexander Vinnik, A.K.A "Mr. Bitcoin" to France, as reported by Greece Greek Reporter.

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms

US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms

The US Supreme court has limited the amount in punitive fines that the US Securities and Exchange Commission (SEC) can impose on cryptocurrency and blockchain firms, in a historic ruling yesterday.

Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules

Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules

Cryptocurrency exchange OKEx’s Korean arm will be delisting all five privacy altcoins including Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), and Super Bitcoin (SBTC).

South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

Wide application of blockchain technology is expected to affect people’s lives, business, education, governance, and other sectors. That is the reason, many countries explore and even deploy the huge potential of this technology. But the latest trend of the technology seems to have taken a new twist in South Korea. Now let’s find out why South Korea continues adopting blockchain in banking but rejects rolling out digital fiat currency.

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