Regulation Updates

Amendment to UK financial services bill provides regulation for crypto activities

The bill addressed stablecoin regulation from the start; now the Financial Conduct Authority will be empowered to regulate activities with crypto assets if the amended bill passes. 2325 Total views 11 Total shares An amendment to the Financial Services and Markets Bill now before the United Kingdom’s Parliament would extend the law’s powers to regulate […]

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Regulation Updates

Uzbeki police get 'how to seize crypto' training from UN security org

Uzbekistan’s law enforcers were educated on blockchain analysis topics and methods for seizing crypto. 1090 Total views 16 Total shares The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan’s police and prosecution forces. The course is a part of OSCE’s consistent efforts […]

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Regulation Updates

‘Well worth the fight’ — Ripple counsel confirms Hinman docs are in their hands

The truth will be shameful and shocking for the SEC, according to Ripple boss Brad Garlinghouse. 1025 Total views 6 Total shares San Francisco-based fintech firm Ripple has inched closer to victory in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Oct. 21, Ripple general counsel Stuart Alderoty confirmed on […]

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Regulation Updates

SBF: FTX to filter assets it thinks are securities from US listings until registration in place

In a long blog post full of proposed standards to guide the industry in the absence of regulations, Sam Bankman-Fried says FTX US will not list assets its lawyers think may be securities. 497 Total views 26 Total shares Sam Bankman-Fried (SBF) has written a set of suggested standards for the crypto industry “while waiting […]

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Regulation Updates

‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi

A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online, with one commentator saying the U.S. is “finally getting their act together.” 1403 Total views 24 Total shares A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some […]

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Regulation Updates

UK Law Commission expects 'substantial impact' from digital asset law review

Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice. 628 Total views 6 Total shares The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction for grappling with legal disputes involving emerging technologies like cryptocurrencies, digital […]

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Regulation Updates

Prosecutors argue 'insider trading' claim in the OpenSea case is accurate

Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.” 385 Total views 38 Total shares United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges. Prosecutors said the […]

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Regulation Updates

Europe moves toward regulatory action on crypto’s environmental impact, energy use

After rejecting a proposal to ban crypto mining, the EU is looking at disclosure and mitigation measures to make crypto assets more sustainable in the coming years. 1016 Total views 18 Total shares The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green […]

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Regulation Updates

Celsius judge says court may look to UK consultation paper in absence of US guidance

Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy. 1464 Total views 13 Total shares The lack of crypto regulation in the United States has long complicated the lives of users and service providers, and now a […]

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Regulation Updates

Société Générale progresses in crypto space with digital asset services registration

The large French bank was registered by the country’s stock market regulator to provide custody, buy/sell and trading services on Sept. 27 but made no announcement of it. 566 Total views 6 Total shares The French stock market regulator, the Autorité des Marchés Financiers (AMF), approved France’s Société Générale bank as a digital assets service […]

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