Regulation

Kansas state lawmakers look to cap crypto political donations at $100

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Under the proposed amendments, crypto campaign contributions under $100 were acceptable, provided the receiver immediately convert the funds to USD and not HODL them. Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations.According to the bill, no person would be allowed to make

Aussie treasurer promises crypto regulation next year amid FTX debacle

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A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse. The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week.A spokesperson for Australian Treasurer Jim Chalmers said the Treasury said it is now planning

US regulator touts to ‘aggressively police’ crypto in new report

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The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year. The U.S. commodities regulator certainly doesn’t want to look like it’s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year. In

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

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A bill based on the proposed framework banning crypto investments could help to “restore the public’s faith and trust in their public officials,” according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should

Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies

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Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms of cryptocurrency investment rate. UAE’s Mission to Become a Global Crypto Hub According to a

BlackRock announces the launch of a new private spot Bitcoin trust

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The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access. According to a new blog post on Thursday, BlackRock, the world’s largest asset management overseeing over$10 trillion in total assets, launched a new private spot Bitcoin (BTC) trust. The fund is only available to U.S. institutional investors

Benvenuto! Italian regulators welcome Europe’s largest crypto powerhouse, Blockchain.com

benvenuto!-italian-regulators-welcome-europe’s-largest-crypto-powerhouse,-blockchain.com

The epicenter of the Renaissance, Italy has long been recognized for its modern influence across Europe. Today, the nation continues to embrace forward-thinking technology and innovation.On the heels of a recent Cayman Islands regulatory approval, Blockchain.com has successfully secured regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP)

US lawmakers request crypto firms provide info on diversity and inclusion

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“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies,” said the letter. A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3.In a Thursday

New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash

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“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James. New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a

Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

ukraine’s-new-fiat-restrictions-to-boost-popularity-of-crypto,-industry-says

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency…

Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%

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Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well. Criminal Cases Involving Cryptocurrency in Russia Near 1,000 in 2021 Lawsuits related to cryptocurrency,…

Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

nigerian-sec-announces-new-rules-governing-issuance-of-digital-assets

The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules that govern the issuing of digital assets as securities. The regulations also include…

SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

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The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to be failure.”Speaking…

Swiss National Bank: ‘Buying Bitcoin Is Not a Problem for Us’

swiss-national-bank:-‘buying-bitcoin-is-not-a-problem-for-us’

Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland’s…

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