New York anti-crypto stance softens as regulatory tide turns

The shift in New York's crypto regulation may encourage innovation but could also lead to increased reliance on federal oversight agencies. The post New York anti-crypto stance softens as regulatory tide turns appeared first on Crypto Briefing. дальше »

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18 US states file lawsuit against SEC for overregulating crypto

18 US states sue SEC over crypto regulation, alleging unconstitutional overreach, impacting state-level frameworks for oversight. The post 18 US states file lawsuit against SEC for overregulating crypto appeared first on Crypto Briefing. дальше »

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Unpaid royalties are killing artists’ earnings – could blockchain be the ultimate fix?

Globally, music professionals are missing millions, if not billions, of dollars in royalties. This isn’t just an occasional oversight or technical flaw; it’s a fundamental problem within an industry that wants to prevent its evolution to preserve profits. дальше »

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FTX CTO helps US government build crypto exchange fraud detection tools in bid to avoid prison

Wang's collaboration with the government could enhance regulatory oversight and deter future crypto exchange fraud, impacting the industry's trust. The post FTX CTO helps US government build crypto exchange fraud detection tools in bid to avoid prison appeared first on Crypto Briefing. дальше »

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Taiwan’s financial watchdog to expand oversight of crypto exchanges: report

Taiwan’s financial regulator is reportedly set to enforce a registration system for crypto exchanges in late November, signaling heightened scrutiny in the sector. Taiwan‘s Financial Supervisory Commission is poised to implement a registration system for crypto exchanges on Nov. 30,… дальше »

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South Korea to ramp up oversight of cross-border crypto transactions: Report

South Korea’s finance minister, Choi Sang-Mok, said the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime. дальше »

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SEC gives green light to NYSE and CBOE for spot Bitcoin ETF options trading

The SECs approval of Bitcoin ETF options on NYSE and CBOE is set to enhance market liquidity and tighten oversight. The post SEC gives green light to NYSE and CBOE for spot Bitcoin ETF options trading appeared first on Crypto Briefing. дальше »

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Cosmos co-founder warns of North Korean influence in Cosmos Hub’s LSM

Cosmos co-founder Jae Kwon alleges North Korean agents helped develop Cosmos Hub’s LSM code. Kwon accuses Iqlusion’s Zaki Manian of hiding unresolved security risks. Kwon urges an immediate audit and stricter oversight for future implementations. дальше »

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Crypto.com Sues SEC Over Alleged Overreach in U.S. Digital Assets Regulation

In a bold legal move, Crypto.com has filed a lawsuit against the SEC, challenging the agency's expanding oversight of cryptocurrency markets. дальше »

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IMF urges El Salvador to narrow Bitcoin laws amid loan negotiations

The International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin (BTC) law and strengthen regulatory oversight during ongoing talks regarding a potential lending program, Bloomberg News reported, citing IMF Director of Communications Julie Kozack. дальше »

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IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021. дальше »

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Congress grills SEC Chair Gensler over crypto oversight and regulatory approach

US Securities and Exchange Commission (SEC) Chair Gary Gensler, along with all five SEC commissioners, faced sharp criticism during a congressional hearing focused on the agency’s approach to cryptocurrency regulation. дальше »

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Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121

Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of… дальше »

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Reps grill Gensler and ‘rogue SEC’ on crypto oversight

All five SEC commissioners, including crypto-skeptic chair Gary Gensler, testified at a full congressional hearing where the agency was criticized for its “scorched earth” regulatory approach. Gary Gensler, chair of the U. дальше »

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'We are Running Out of Time': U.S. House Democrat Urges Stablecoin Bill Compromise

U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers. дальше »

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U.S. Republican Lawmakers Say Crypto Legislation Not Yet Off the Table for This Year

Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out. дальше »

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Circle accused of ‘extracting’ from Lazarus Group hacks, faces criticism from ZachXBT

Circle's delayed response to blacklisting funds highlights the urgent need for stricter regulatory oversight and faster incident response in the crypto industry. The post Circle accused of ‘extracting’ from Lazarus Group hacks, faces criticism from ZachXBT appeared first on Crypto Briefing. дальше »

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Hong Kong eyes SFC involvement in crypto OTC licensing: report

Hong Kong is reportedly considering involving the local securities regulator in licensing over-the-counter crypto trading services. Over-the-counter crypto trading services in Hong Kong might soon come under the joint oversight of the Securities and Futures Commission and the Customs and… дальше »

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Tennesse Republican pitches joint SEC-CFTC crypto oversight

A new crypto bill on Capitol Hill seeks to share oversight powers between the SEC and CFTC, two regulatory juggernauts. Introduced by U.S. Representative John Rose of Tennessee, the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets would establish a… дальше »

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Second U.S. Firm tZero Said to Become Crypto Broker Dealer Under SEC Oversight

A second company, tZero Group Inc., said it's achieved status as a fully registered U.S. broker dealer under a rule allowing for crypto firms to join those ranks, following a path previously blazed by Prometheum Inc. дальше »

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SEC crypto fines spiked 3,018% in one year

The SEC’s aggressive digital asset enforcement actions have netted billions in settlements, the bulk of which occurred this year. Since the U.S. Securities and Exchange Commission extended its oversight to the nascent crypto industry in 2013, civil penalties levied against… дальше »

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U.S. House Committee Plans for Heap of Crypto Hearings in September

The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission's oversight of digital assets businesses and the implications of "pig butchering" scams. дальше »

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Ikigai agrees to pay $150K fine owing to illicit Bitcoin loan

Ikigai Partners' fine is yet another episode in the aftermath of FTX's collapse Back in May, the NFA issues new rules allowing some level of oversight over crypto firms Ikigai Partners has aThe post Ikigai agrees to pay $150K fine owing to illicit Bitcoin loan appeared first on AMBCrypto. дальше »

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Germany seizes $28 million in raid on unlicensed crypto ATMs

German authorities have confiscated $28 million in cash and 13 crypto ATMs in a coordinated nationwide operation aimed at curbing unlicensed activities. The latest action, spearheaded by the Federal Financial Supervisory Authority (BaFin), is part of a broader initiative to strengthen oversight within the country’s rapidly expanding crypto market. дальше »

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Federal Reserve cracks down on crypto-friendly Customer Bancorp

The Federal Reserve has imposed strict oversight and compliance measures on Customers Bancorp, Inc., and its subsidiary, Customers Bank. The action follows a recent examination by the Federal Reserve Bank of Philadelphia, which uncovered significant deficiencies in the bank’s risk… дальше »

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Do Kwon extradition to South Korea upheld as Montenegro court rejects US request

The upheld extradition underscores global regulatory efforts to hold crypto leaders accountable, potentially reshaping industry oversight and trust. The post Do Kwon extradition to South Korea upheld as Montenegro court rejects US request appeared first on Crypto Briefing. дальше »

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Korean regulator imposes $220k supervisory fee on domestic crypto exchanges

South Korea is set to introduce a supervisory six-figure fee for the nation’s crypto exchanges based on their operating revenue. Korean crypto exchanges, such as Upbit, Bithumb, and Coinone, will soon be obligated to pay an oversight fee to the… дальше »

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South Korean crypto exchanges face unexpected supervisory fees

Introducing supervisory fees marks a crucial step toward increased regulation and oversight.

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Dutch finance ministry rejects AFM’s funding boost for crypto oversight: report

The Dutch finance ministry has denied requests for additional funding to monitor the crypto sector amid new European regulations. The Dutch finance ministry has rejected multiple requests for additional funding from the local financial regulator to enhance its oversight of… дальше »

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Hester Peirce for SEC Chair? This U.S legislator had this to say...

Hill has long criticized Gensler's handling of crypto issues He urged the Senate to advance FIT21, with CFTC oversight for spot crypto exchanges In 2024, the cryptocurrency landscape has so The post Hester Peirce for SEC Chair? This U. дальше »

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CFTC vs SEC: Bitcoin, Ethereum, and 80% of crypto not securities?

70%-80% of BTC and ETH commodities are non Securities CFTC clarifies CFTC chairman citing Illinois court argues CTFC have regulatory and oversight authority over digital assets. Over the lasThe post CFTC vs SEC: Bitcoin, Ethereum, and 80% of crypto not securities? appeared first on AMBCrypto. дальше »

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CFTC Chair says 70-80% of cryptocurrencies are non-securities

CFTC Chair Rostin Behnam says a majority of cryptocurrencies, 70-80%, are non-securities. Behnam appeared before the  U. S. Senate Committee on Agriculture, Nutrition and Forestry’s Hearing on the Oversight of Digital Commodities on Wednesday. дальше »

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Uniswap cites Supreme Court ruling to push back against SEC’s DeFi oversight

Top decentralized exchange (DEX) Uniswap has urged the US Securities and Exchange Commission (SEC) to drop its proposed attempt to expand the definition of an “exchange” to include DeFi markets, according to a July 9 letter. дальше »

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MiCA’s stablecoin regime takes effect amid uncertainty

Explore the implications of the newly effective MiCA stablecoin regulation in the EU, focusing on licensing and oversight challenges. The post MiCA’s stablecoin regime takes effect amid uncertainty appeared first on Crypto Briefing. дальше »

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Coinbase Files Lawsuit Against the SEC to Fight Against Crypto Crackdown

Coinbase has filed lawsuits against the SEC and FDIC, alleging overregulation and seeking clarity on crypto oversight under FOIA. The post Coinbase Files Lawsuit Against the SEC to Fight Against Crypto Crackdown appeared first on BeInCrypto. дальше »

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SEC Crypto Enforcement Leader Departs After Nearly A Decade Of Service

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SEC crypto watchdog resigns after nearly a decade

David Hirsch resigns from the SEC's Crypto Unit after leading landmark cases and expanding DeFi oversight. The post SEC crypto watchdog resigns after nearly a decade appeared first on Crypto Briefing. дальше »

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U.S. SEC's Crypto Enforcer David Hirsch Quits

David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday. дальше »

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Kaspa (KAS) Outpaces Bitcoin (BTC) and Litecoin (LTC) – Top 10 Crypto Imminent?

Kaspa (KAS) has been steadily gaining momentum, yet remains largely unnoticed by major influencers. This oversight has sparked frustration among astute traders who recognize Kaspa’s potential. дальше »

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Paxos launches yield-bearing stablecoin Lift Dollar (USDL)

Paxos International, a UAE-based affiliate of stablecoin issuer Paxos, has unveiled a new yield-bearing stablecoin dubbed Lift dollar (USDL). USDL will be the first stablecoin to offer eligible users across the globe the chance to bid for daily yield, with this available in wallets under regulatory oversight, the company announced on June 5. USDL is […] дальше »

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Hester Peirce proposes for cross-border digital securities sandbox

SEC Commissioner Hester Peirce proposed a cross-border digital securities sandbox in response to a joint consultation by the Bank of England and the Financial Conduct Authority (FCA). The proposal aims to foster innovation and enhance regulatory oversight by allowing firms… дальше »

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SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight

The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday. дальше »

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Indian securities regulator proposes multi-agency approach to regulate crypto

India’s Securities and Exchange Board of India (SEBI) wants cryptocurrency oversight to be distributed, proposing a multi-agency approach. Official documents disclosed by Reuters reveal that SEBI recommended that different regulators should work in unison to oversee the cryptocurrency sector in… дальше »

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India’s SEBI recommends local regulators monitor crypto trading

Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India.

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India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters

The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents. дальше »

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FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial… дальше »

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Turkish crypto bill set to be presented in parliament

The draft law to regulate cryptocurrency in Turkey proposes licensing by the SPK and stricter oversight to enhance trading platform standards and compliance. дальше »

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US Congress to potentially vote on new legislation for crypto industry by end of May

House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May. дальше »

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Binance Faces $4.4 Million Fine in Canada for Anti-Money Laundering

Canada's FINTRAC fined Binance $4. 38 million for not reporting over 5,900 crypto transactions, stressing the need for better compliance and oversight in the cryptocurrency sector. The post Binance Faces $4. дальше »

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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House

This announcement comes amidst debates and discussions in Congress today regarding the regulation and oversight of digital assets. дальше »

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