Topic: Cryptocurrency

IOSCO releases “turning point” standards for global crypto regulators

The International Organization of Securities Commissions has said its new global recommendations for crypto and digital assets will be a “turning point” for regulation in the area, with recommendations analogous to the regulation of equity and bond markets, including proposals that would govern conflicts of interest, operational risks, market manipulation and treatment of retail customers.

24 May 2023

DIFC pushes money services changes ahead of overhaul next year

The Dubai International Financial Centre is planning an overhaul of its approach to money services, crowdfunding and crypto, with the free zone’s financial regulator planning several changes to its policy framework ahead of a broader review of the regime next year.

04 May 2023

Coinbase sues SEC for “yes or no” answer

US crypto exchange Coinbase has sued the country’s securities regulator for a “yes or no” answer on a petition it filed last year asking for clarification on regulations for the crypto sector, to which it still has not received a reply.

28 April 2023

Regulating Crypto: mission (im)possible?

Ashurst partner Alexander Dmitrenko and associate Vicki Tang discuss US regulators’ recent ramped-up enforcement against the virtual currency sector, and what compliance lessons those engaged with crypto can learn.

26 April 2023

Who owns what: practitioners discuss post-FTX crypto market and legal reforms at ISDA forum

The Law Commission and practitioners have discussed the proprietary control issue in potential legal reforms around digital assets and reassessing their risks after the Crypto Winter.

24 April 2023

European Parliament adopts MiCA

The European Parliament has adopted its long-awaited crypto regulatory framework, but industry participants have said that there‘s still a long way to go before the EU has a fully operational regulatory regime.

21 April 2023

MiCA not sufficient for large crypto firm supervision, ECB official warns

European Central Bank official and former New York banking supervisor Elizabeth McCaul has warned that the EU’s new crypto framework will allow large crypto firms to evade supervision, and needs to be re-evaluated.

12 April 2023

BIS Innovation Summit: Recent turmoil doesn’t shake the path for digital assets, experts say

A senior Dutch regulator has cautioned his peers not to “get distracted” by illusions of crypto uniqueness, at a Bank for International Settlements innovation summit which also heard doubts raised about the still-yet unresolved legal categorisation of central bank digital currencies.

04 April 2023

EBA adapts AML supervision guidelines to crypto firms

The EU’s banking regulator in Europe has released plans to adapt its anti-money laundering oversight to include crypto service providers, as the single market moves to put them under the same AML rules as financial institutions.

03 April 2023

CFTC accuses Binance of illegally serving US clients

Crypto trading platform Binance and its founder Changpeng Zhao are facing charges from the US Commodity Futures Trading Commission, which says it circumvented US regulations to carry out an illegal digital assets derivatives exchange, alleging that it used “creative means” to guide US customers around its own compliance controls.

29 March 2023

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