Topic: Blockchain

BlockFi hails "regulatory clarity" after US$100 million SEC settlement

US crypto platform BlockFi has reached a settlement with the SEC after the regulator labelled its interest-earning accounts as unregistered securities, in what practitioners have labelled a “path to regulatory clarity”.

16 February 2022

Russian regulator moves to ban crypto

Russia’s central bank has proposed legislation to ban cryptocurrency use in the country, just a day after it bolstered nonbanks’ offerings by allowing them to provide payment services previously restricted to fully-fledged banks.

24 January 2022

SEC commissioners “disappointed” over new regulatory agenda

The SEC’s two Republican commissioners have voiced concern over chair Gary Gensler’s recently finalised regulatory agenda, saying they are “disappointed” by its silence on crypto and its neglect of capital formation.

15 December 2021

FCA ups rigour for crypto applications despite backlog

The UK’s regulator will take a more “forensic” approach to crypto licensing amid a pileup of unreviewed applications, chief executive Nikhil Rathi told a UK parliamentary committee.

13 December 2021

Fed governor casts doubt on plans for stablecoin regulation

Federal Reserve governor Christopher Waller has claimed that stablecoins should be left unfettered of traditional regulation, despite growing industry calls for treating stablecoin issuers like banks.

18 November 2021

FATF finalises crypto guidance: NFTs and DeFi to join the roster

The Financial Action Task Force will include decentralised finance and non-fungible tokens in its recommended framework, according to updated guidance on crypto regulation.

01 November 2021

“Regulation that is fit for purpose”: Coinbase calls for dedicated crypto regulator

Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.

18 October 2021

“Regulatory underlaps”: FSB stablecoin report warns of fragmentation

The Financial Stability Board has warned that stablecoin regulation is becoming too fragmented as countries take divergent approaches, which is creating “underlaps” of oversight.

11 October 2021

Singapore’s MAS grants first crypto licences

Singapore’s regulator has granted crypto licences - among the first in the country - to south-east Asia’s largest bank and an Australian digital asset exchange, as Binance confirms it will halt most of its Singaporean operations.

04 October 2021

China’s central bank bans crypto - again

The People’s Bank of China has banned cryptocurrency mining and transactions nationwide, in its third move to stamp out the virtual currencies this year.

27 September 2021

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