Brian Armstrong to meet House Democrats about crypto legislation

Key takeaways Coinbase CEO will meet with House Democrats to discuss crypto regulation. Armstrong wants clearer rules on crypto from Washington. Coinbase CEO wants clearer crypto regulation in the US Coinbase Inc. дальше »

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UK Regulatory Authority Declares Crypto Memes as Financial Advertisements

Proposed Regulations by UK Watchdog: Crypto Memes Could Lead to Criminal Charges and Disclaimers for Firms and Influencers The Financial Conduct Authority (FCA) in the United Kingdom has put forth a proposal that could potentially result in imprisonment for up to two years for individuals found in violation of financial promotion rules concerning crypto memes. дальше »

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Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator

The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June. дальше »

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UK Watchdog Takes Aim at Social Media Crypto Promotions Including Memes

The FCA noted a growing popularity of cryptocurrencies and investment products being marketed online. A new proposal aims to modernize existing guidelines for financial promotions. The social media rules are aimed at platforms like YouTube, Instagram, Threads, Discord, and Twitter. дальше »

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G20 Recommends New Global Rules for Crypto Exchanges

The G20 FSB has finished new global recommendations for the crypto industry requested by the Group of 20. The post G20 Recommends New Global Rules for Crypto Exchanges appeared first on BeInCrypto. дальше »

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The FSB Proposes Stricter Rules For Crypto After Finalizing Recommendations

The Financial Stability Board (FSB) – a global organization responsible for overseeing and providing guidance on the worldwide financial system, has recently finalized a global regulatory framework for crypto. дальше »

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Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil

The standard-setter called for crypto companies to adapt now, after allegations of misuse of client funds at FTX дальше »

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First Aussie Spot Bitcoin ETF Application Under New Rules

Monochrome, a Bitcoin-focused asset management company, and Vasco Trustees have lodged an application for Australias first fully licensed spot Bitcoin Exchange Traded Fund (ETF) as a first of its kind... дальше »

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How the Celsius Affair Plays Into the U.S. Crypto Regulatory Debate

The arrest of the crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector. дальше »

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Crypto Twitter discusses US XRP ruling, citing possible Binance implications

Judge Analisa Torres of the US District Court rules XRP is not a security, sparking community debate on implications for the Binance lawsuit. In court, the judge denied the SEC’s request for summary judgment regarding programmatic sales of XRP and… дальше »

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Ripple secures a ‘huge win’ against SEC as U.S. Judge rules XRP is ‘not’ a security

Judge Analisa Torres rules XRP token is a not a security. Coinbase will resume trading in XRP in the next few minutes. XRP nearly doubled in value following the ruling today. “XRP” – the native token of Ripple Labs nearly doubled in value on Thursday after the crypto company secured a “huge win” against the […] The post Ripple secures a ‘huge win’ against SEC as U. дальше »

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South Korea sets rules for clear accounting in crypto

The South Korea Financial Services Commission reviewed and approved the exposure draft for revising Corporate Accounting Standards to enhance transparency in crypto дальше »

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XRP is not a security, US judge rules

Ripple Labs has won a partial victory in its lawsuit against the U.S. Securities and Exchange Commission with XRP jumping 52% дальше »

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Major Ripple Victory: XRP Pops In Ballistic Rally As Judge Finally Rules It Isn’t A Security

Ripple Labs has scored a major court victory after the federal judge presiding over the American blockchain payments company’s case against the Securities and Exchange Commission ruled that the XRP... дальше »

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Ripple Labs wins SEC case, judge rules XRP is not a security

On July 13, Judge Analisa Torres of the Southern New York district of the United States district court ruled in favour of Ripple Labs in the case against the United States Securities and Exchanges Commission (SEC). дальше »

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Judge rules Ripple’s XRP programmatic sales ‘not securities’; XRP up 28%

Judge Analisa Torres ruled that Ripple’s sale of XRP to the general public and its distributions of the token do not constitute an offer and sale of an investment contract. These include “Programmatic sales,” where XRP was offered to public buyers, and “Other Distributions,” where people were given XRP for free. дальше »

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Breaking: Judge rules XRP is not a security in SEC's case against Ripple

CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet.

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Google Play updates terms to allow blockchain content for Android in Play Store

In a significant move, Google Play announced on July 12 that it has expanded its Android app store rules to accommodate new blockchain content, although under fairly strict rules. That announcement said that the updated policy would “open new ways to transact blockchain-based digital content within apps and games. дальше »

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Google Play to Allow Marketing of Tokenized Assets With Fewer Restrictions

Google Play's much-heralded policy update stands in contrast to prevailing internal rules at other online stores such as Apple's. The post Google Play to Allow Marketing of Tokenized Assets With Fewer Restrictions appeared first on BeInCrypto. дальше »

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South Korea To Implement New Accounting Rules For State’s Crypto Companies

The top financial regulator in South Korea has now mandated crypto-related companies to be more detailed in their financial statements.  The new rule, which will kick off in January 2024, aims to boost transparency in crypto disclosures. дальше »

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European Banking Authority officials encourage early MiCA adoption

With the Markets in Crypto Assets (MiCA) rules set to fully launch in 2024, European Banking Authority has urged stablecoin issuers to comply with the upcoming regulatory framework. EU watchdogs remain dedicated to regulating the cryptocurrency market as the region establishes itself as a crypto hub. дальше »

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Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency

Regulators can be notified of stablecoin-related operations now even though the rules don’t take effect until June 2024, the European Banking Authority said. дальше »

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EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law

Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets law дальше »

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South Korea Wants Companies to Disclose Crypto Holdings

Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules. дальше »

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China Draws up AI Rules to Align With Core Socialist Values

China's Cyberspace Administration wants organization to register censored generative products within 10 days of their launch. The post China Draws up AI Rules to Align With Core Socialist Values appeared first on BeInCrypto. дальше »

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Report: China to tighten rules around releasing generative AI tools

Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems. дальше »

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Implementing tokenized securities for regulatory compliance

Since they are programmable, tokenized securities enable the implementation of automated compliance rules and the execution of complex financial transactions. дальше »

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CFTC Investigators Conclude Celsius And Former CEO Violated Rules, Potential Case Looms

The Commodity Futures Trading Commission (CFTC) has concluded its investigation into bankrupt crypto lender Celsius and its former CEO, Alex Mashinsky, and found that they violated United States rules, according to sources familiar with the matter. дальше »

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CEL falls after Celisus Network and its former CEO found guilty

The United States Commodity and Futures Trading Commission (CFTC) has concluded investigations into Celsius Network. The CFTC has found the former CEO and Celsius Network guilty of breaking several rules before the company collapsed. дальше »

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Former Celsius CEO Alex Mashinsky ‘Broke Rules’ and Misled Investors Before Collapse: CFTC

CFTC Investigators discovered that Celsius deceived investors before it filed for bankruptcy, according to sources to the newspaper. It is accused of failing to register with the regulator, with Mashinsky himself on the radar for breaking regulations. дальше »

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CFTC to find Celsius and Former CEO Mashinsky violated US rules, Bloomberg reports

Commodity Futures Trading Commission (CFTC) investigators have reportedly found that crypto lending platform Celsius Network violated US regulations before bankruptcy. These violations also implicated the firm’s former CEO, Alex Mashinsky, as reported by Bloomberg. дальше »

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EU Metaverse Strategy Set to Examine Privacy, Competition and Rights

A policy paper next week won’t set legislative rules – but could point the way ahead on some key Web3 issues. дальше »

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Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg

CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings. дальше »

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Circle Considers Issuing Stablecoin in Japan Under New Rules

The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework. дальше »

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UK sets deadline for crypto industry to tackle misleading ads or face severe penalties

In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. дальше »

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CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

If a majority of CFTC commissioners agree with the conclusion, the regulator could file a case in federal court.

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Australian regulator searched Binance Australia’s offices

Key takeaways Australian Securities and Investments Commission searched Binance Australia’s office on Tuesday. The cryptocurrency exchange maintains that it is focused on complying with rules. дальше »

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U.K. Blazes Trail With New Cryptocurrency Rules

The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick. дальше »

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FCA Writes To Crypto Marketing Firms On Incoming Financial Promotions Regime

The United Kingdom Financial Conduct Authority (FCA) informed crypto firms about the incoming financial promotion rules for UK customers. The FCA introduced these rules on June 8, considering that crypto ownership in the UK doubled from 2021 to 2022, with a survey that revealed that 10% out of 2000 participants held one form of crypto asset […] дальше »

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Mastercard chief digital officer believes tokenization needs TradFi rules to go mainstream

Mastercard believes that blockchain technology can revolutionize payments, but it needs “financially-regulated applications” and “central bank-backed money” to achieve mainstream adoption, according to chief digital officer Jorn Lambert. дальше »

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BNY Mellon’s crypto custody venture runs afoul of SEC rules

The Bank of New York Mellon’s (BNY Mellon) foray into the digital asset custody business has hit a regulatory hurdle, per American Banker. It emerged that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121) requires custodians of digital assets to record those assets on their balance sheets. дальше »

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The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

No new crypto rules are needed, said Aaron Kaplan, co-CEO of Prometheum Inc., and his company means to demonstrate it – even as the issuers whose tokens it seeks to trade say no thanks. дальше »

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UK Law to Regulate Crypto Awaits King Charles’ Signature

The UK government is nearing final approval of a bill that would bring cryptocurrencies under the same rules as traditional assets. The Financial Services and Markets Bill, which was approved... дальше »

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UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law

The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity. дальше »

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Slovakia Stands to Lose €30M Through Crypto Tax Cuts

Slovakia relaxes tax rules for cryptocurrency profits and payments below 2,400 euros.

The post Slovakia Stands to Lose €30M Through Crypto Tax Cuts appeared first on BeInCrypto.

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ECB to Start Wholesale CBDC Settlement Trials in 2024

The central bank wants to see innovative interventions in financial markets – but under existing rules. дальше »

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KuCoin to introduce mandatory KYC, ending deposits for non-verified users

Crypto exchange KuCoin announced on June 28 that it will soon implement mandatory know-your-customer (KYC) checks for its users, a significant shift from their past policies New KYC rules begin in July KuCoin said that new customers will need to complete KYC checks to access its trading platform and other services starting on July 15, […] The post KuCoin to introduce mandatory KYC, ending deposits for non-verified users appeared first on CryptoSlate. дальше »

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EU finalizes controversial smart contract kill switch rules under Data Act

The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.

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EU’s Controversial Smart Contract Kill-Switch Rules Finalized by Negotiators

Lawmakers and governments have reached a deal on the Data Act despite protests from the blockchain industry. дальше »

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Hongkong Gets More Attention, Now From Circle Stablecoin Issuer: Implications

Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and stablecoins.  Allaire’s remarks came during […] дальше »

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