Topic: Cryptocurrency

EU agrees MiCA framework

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

“A big first step”: Lummis-Gillibrand proposes CFTC as primary crypto regulator, seeks automatic Fed accounts for fintechs

A bipartisan crypto bill, coming to the US Senate just weeks after the Terra stablecoin crash, looks set to re-energise the conversation around crypto regulation as market participants both applaud and decry its proposals.

10 June 2022

EU pilots crypto regulatory exemption regime

After a two-year legislative process, the European Union has finally piloted an “out of character” EU-wide sandbox that will grant some crypto firms “momentous” regulatory exemptions.

08 June 2022

US Commerce Department calls for input on digital asset framework

The United States’ Department of Commerce has asked whether the US regulatory landscape is impacting the global competitiveness of digital asset platforms, as practitioners say the forthcoming framework could affect “a number of new market actors”.

26 May 2022

AMF licenses first crypto-based asset manager, with Osborne Clarke advising

France’s financial regulator has granted crypto asset platform Arquant Capital authorisation to manage alternative investment funds.

26 May 2022

“A real-life demonstration of the risks”: regulators and practitioners react to stablecoin stutter

Regulators and practitioners across the world have voiced expectations of an accelerated regulatory framework for stablecoins, after a turbulent week for cryptocurrencies that saw Bitcoin lose a fifth of its value.

18 May 2022

“Use your ingenuity to solve regulatory problems”, IOSCO official tells crypto platforms at ISDA event

A senior official at the global securities regulators’ association has said that crypto asset firms rejecting traditional methods of financial regulation should “use their ingenuity” and present regulators with tailored proposals that maintain a similar standard.

16 May 2022

SEC nearly doubles crypto enforcement unit

The US securities regulator is set to turn its cyber unit into a newly reinforced crypto and cyber unit, as the CFTC, CFPB, OCC and FDIC all make overtures to regulating the space.

05 May 2022

US exchange Kraken gets inaugural ADGM crypto licence

US crypto exchange Kraken has become the first global crypto exchange to obtain a financial services licence in Abu Dhabi’s financial free zone.

26 April 2022

CFTC lists first crypto swap dealer

The United States’ derivatives trading regulator has registered its first cryptocurrency swap dealer, with Sullivan & Cromwell advising.

20 April 2022

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