Paraguay's legislature fails to reverse presidential veto on crypto regulation law

Just 38 out of 80 members of Paraguay’s Chamber of Deputies voted to reconsider a bill to cap electricity rates for the country’s crypto miners. дальше »

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UK Crypto Bill Amendment Gives Sweeping New Powers to Financial Watchdog

The Treasury of the United Kingdom is finalizing regulation on cryptocurrencies that would further empower the Financial Conduct Authority. The post UK Crypto Bill Amendment Gives Sweeping New Powers to Financial Watchdog appeared first on BeInCrypto. дальше »

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Chinese Hangzhou Court calls for NFT regulation

China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The post Chinese Hangzhou Court calls for NFT regulation appeared first on CryptoSlate. дальше »

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Bank of America Say Regulation Is Key for Mainstream Adoption of Crypto

Despite the correction in cryptocurrency markets, the development of blockchain technology has accelerated, the report said. дальше »

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Crypto Is at ‘Brick Wall Stage' and Needs ‘Right Balance’ of Regulation, Says Legal Expert

Pennsylvania State University Dickinson Law Professor Tonya Evans discusses why the ecosystem is in need of thoughtful regulation from lawmakers on Capitol Hill. дальше »

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Ukraine to update crypto framework in consultation with global experts

The Advisory Council on the Regulation of Virtual Assets, which is dedicated to updating the crypto framework in Ukraine, held its first meeting on 1 December. Organized by the National Securities The post Ukraine to update crypto framework in consultation with global experts appeared first on AMBCrypto. дальше »

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New York State proposes new laws adding costs to crypto firms

NYDFS, the high-powered New York state department, proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms. дальше »

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Senate Committee Pushes for CFTC Regulation of Crypto Following FTX Collapse

A meeting of the Senate Agriculture Committee on Dec. 1, 2022, called for Congress to act fast to pass CFTC laws to protect Americans. The post Senate Committee Pushes for CFTC Regulation of Crypto Following FTX Collapse appeared first on BeInCrypto. дальше »

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NYDFS Proposes Regulation Allowing It to Charge Crypto Companies in New York for Supervision Costs

The New York Department of Financial Services (NYDFS) published a proposed regulation on Thursday that lays out how the state regulator would assess New York-regulated crypto companies for costs associated with their supervision. дальше »

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Italy to impose 26% crypto gains tax from 2023

Italy is planning to tighten regulation around cryptocurrencies by taxing capital gains beginning in 2023.   According to the European country’s proposed budget for next year, all digital currency profits above €2,000 will be subject to a 26% tax levy. дальше »

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“Regulation By Enforcement” By The SEC Caused BlockFi’s Collapse, Asserts Ripple’s General Counsel

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SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official

Howard Fischer, a Moses Singer LLP partner, discusses why the SEC is more concerned with regulating crypto than getting the $30 million BlockFi owes the agency. дальше »

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Proposed new MiCa rules in EU would have prevented FTX’s collapse

European Union officials claim that their upcoming cryptocurrency regulation would have prevented the collapse of FTX. Deputy Director General at the European Commission’s financial services department Alexandra Jour-Schroeder said that the upcoming European Union’s Markets in Crypto Assets regulation (MiCa)… дальше »

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EU demands the approval of MiCA bill after FTX fall 

The European Union lawmakers want the parliament to approve the pending MiCA crypto regulation as soon as possible in the FTX parliament hearing. дальше »

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Bitcoin's Last Stand: ECB Staffers Say the Crypto is on 'Road to Irrelevance'

Crypto regulation can be misunderstood as approval, officials at the European Central Bank said in a blog post explaining the bank's stance on bitcoin. дальше »

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Ethereum derivatives look bearish, but traders believe the ETH bottom is in

Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. дальше »

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BlockFi is bankrupt, where did it all go wrong?

BlockFi has become the latest firm to file for bankruptcy, citing “significant exposure” to FTX It has sued FTX to reclaim Robinhood shares which it alleges Bankman-Fried had pledged as collateral BlockFi bankruptcy was a longtime coming, with the firm rescued by a $400 million credit facility from FTX earlier this year Regulation simply must […] The post BlockFi is bankrupt, where did it all go wrong? appeared first on CoinJournal. дальше »

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Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach

Ripple general counsel Stuart Alderoty described BlockFi’s bankruptcy as another success for the United States SEC and its regulation-by-enforcement approach. The post Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach appeared first on CryptoSlate. дальше »

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Israel’s top economist offers suggestions for crypto regulation

The supervisor of financial service providers and the Israel Securities Authority, according to Israel's top economist, ought make a few amendments on crypto regulation. Greenberg believes a few amendments will better the regulatory sector. дальше »

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Israel's Finance Ministry recommends new guidelines for crypto regulations

The Chief Economist at Israel's Ministry of Finance, Shira Greenburg, published a list of recommendations for the regulation of digital assets on 28 November. She called for a more comprehensive reThe post Israel's Finance Ministry recommends new guidelines for crypto regulations appeared first on AMBCrypto. дальше »

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US and European Politicians Call for Crypto Regulations As FTX Contagion Spreads

The US and European politicians are calling out for crypto regulation. Is the FTX collapse a catalyst for the global regulations on crypto? The post US and European Politicians Call for Crypto Regulations As FTX Contagion Spreads appeared first on BeInCrypto. дальше »

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JP Morgan believes regulation will lead to convergence of crypto, TradFi

Wallstreet banking giant JP Morgan & Chase believes there are significant changes coming to the crypto industry in 2023 in the form of regulation, which will likely cause a convergence between crypto and the traditional financial industry, according to its latest Global Markets Strategy report. дальше »

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SEC Chair Gary Gensler Criticized for Approach to Crypto Regulation by US Lawmaker

US lawmaker Tom Emmer has criticized SEC chairman Gary Gensler's approach toward crypto, describing it as "burdensome." The post SEC Chair Gary Gensler Criticized for Approach to Crypto Regulation by US Lawmaker appeared first on BeInCrypto. дальше »

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New York AG considers banning crypto purchases from retirement funds

The turmoil surrounding the cryptocurrency exchange FTX and Sam Bankman-Fried (SBF) reinforced the authorities’ conviction that the entire cryptocurrency ecosystem requires stricter regulation. дальше »

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Ripple CTO Sees Silver Lining in Elizabeth Warren’s Crypto Warning

Ripple CTO David Schwartz begrudgingly agrees with Senator Elizabeth Warren’s stance on cryptocurrency regulation дальше »

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Crypto’s Future Will Be Based on Self-Custody and Regulation: Kraken's Dave Ripley

The interim chief executive discusses why the future of crypto will be based on proof-of-reserves and thoughtful regulation. дальше »

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Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky

The cybersecurity firm predicted that crypto-related cybercrime won't slow down in 2023, but it will move on from Bitcoin as a source of payment. дальше »

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IMF: the African crypto market needs regulation as it keeps growing

The International Monetary Fund (IMF) has noted that the rapid emergence and evolution of cryptocurrencies in Africa has highlighted the need for more effective regulatory efforts. Delays in adoption The recent collapse of the FTX cryptocurrency exchange highlighted the risks… дальше »

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Steps to Crypto Recovery: Where ‘We’ Go From Here

The FTX is a wake-up call for everyone in the industry. And, no, regulation isn't going to save us next time, any more than it would have this time. дальше »

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Kenya introduces bill on crypto taxation

Kenyan lawmakers are eyeing the regulation of crypto trading and introduction of crypto taxation among other regulatory moves, according to a report highlighting the latest crypto news from the East African country. дальше »

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BOE’s Cunliffe says regulation can save crypto from itself and it’s worth the effort

Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said. дальше »

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Kenyan legislation establishes crypto taxation, creates consumer protections

The country’s first effort at crypto regulation amends its Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements. дальше »

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BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on November 21, where he said that the FTX collapse was triggered by an run and that the crypto space should be brought under regulation to offer stability. дальше »

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UK May Need Digital Pound, Bank of England's Jon Cunliffe Says

The deputy governor at the central bank said he understands the comparisons made – and showed support for U.K. efforts to bring crypto into the scope of regulation. дальше »

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US President Joe Biden is pushing for tighter crypto regulations

During the G20 leaders’ summit in Indonesia, US President Joe Biden issued a statement in response to the FTX fiasco. Biden calls for stricter international crypto regulation, which would compel crypto exchanges to abide by rules similar to traditional finance.… дальше »

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Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin

Singapore’s well-meaning attempt at crypto regulation may not work out, given its skeptical approach to the asset class, Ethereum co-founder Vitalik Buterin said in an interview with The Straits Times on November 20. дальше »

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Bybit CEO says proof of reserves is key to preventing another FTX-like collapse

Proof of reserves has become the “new order” in the world of crypto after the FTX fiasco. Bybit’s CEO, Ben Zhou, assured that his team is currently working on compliance with this regulation to prove that their clients’ funds are… дальше »

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FTX collapse could trigger ‘appetite’ for harsher regulation, says Andrew Yang

“This is categorically a very, very negative thing for human beings and for the regulatory environment,” Yang said.

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CFTC Commissioner Mersinger says the time has come for action on crypto regulation

The commissioner said Congress may have to intervene in relations between the regulating agencies, but both have a role to work out; until then the burden is on the states. дальше »

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Crypto’s Very Human Fatal Flaw: Hero Worship

Misplaced admiration of Sam Bankman-Fried, prior to the FTX collapse, was a natural tendency. To move forward, we must recognize this vulnerability and safeguard with appropriate regulation. дальше »

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Finance minister says Singapore will tighten crypto regulation

The deputy Prime Minister of Singapore, Lawrence Wong, announced that Singapore plans to tighten crypto regulations in the country following the increased financial risks involved in the sector. Singapore matches towards sanctioning crypto The deputy Prime Minister of Singapore, Lawrence… дальше »

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KuCoin CEO Johnny Lyu confirms exchange ‘fully liquid,’ talks regulation and the future of DeFi – SlateCast #31

Speaking with CryptoSlate’s Akiba on the latest episode of the SlateCast, Johnny Lyu, the CEO of KuCoin, stated that the collapse of FTX was a “huge blow to the entire industry” but that. дальше »

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Hedera investors concerned about market drawdown should read this

Hedera’s legal team moves to DC to cooperate with the government for crypto regulation Its dApps witness growth, however, TVL continues to decline Hedera's legal team, due to all the FUD cThe post Hedera investors concerned about market drawdown should read this appeared first on AMBCrypto. дальше »

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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator

US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […] дальше »

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Aussie treasurer promises crypto regulation next year amid FTX debacle

A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse.

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Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations

Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.” дальше »

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New York’s financial watchdog calls for better crypto regulation

Adrienne Harris, a superintendent at the NYFC, in a recent debate. According to her, there is need for more crypto regulations as she urges watchdogs to follow NYFS regulatory ways. дальше »

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First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle

The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators to tighten restrictions. дальше »

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FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report

The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation." дальше »

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SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation

Hester M. Peirce discusses the “negative attention” crypto has gotten in the last week and why the downfall of crypto exchange FTX is perhaps the push regulators needed to “sit down and do some of the regulatory work.” дальше »

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