Topic: Cryptocurrency

Hong Kong regulator mulls tighter rules for stablecoins

The Hong Kong Monetary Authority has joined the chorus of global regulators and central banks proposing to regulate stablecoin issuers like banks, a movement analysts have called an “extremely high bar” for the assets to meet.

14 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

US crypto bosses plead with lawmakers for regulatory clarity

Top representatives from the United States’ largest crypto companies have spoken at a congressional committee for the first time, warning that onerous regulations could stifle the sector.

09 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

Are tokens securities?

Despite their growing popularity as an investment, the United States’ financial regulators are yet to implement a regulatory structure around digital assets. What is taking so long?

08 November 2021

Commonwealth’s march into crypto attracts APRA attention

Australia’s prudential regulator is formally examining plans from Australia’s largest bank to become the first of its peers to roll out a crypto trading platform.

08 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

OFAC outlines sanctions guidance for crypto firms

The United States Treasury Department has called on management boards at crypto firms to foster a “culture of compliance” with international sanctions programmes.

25 October 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

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