Regulation News

Five Agencies Partner with Justice Department to Counter Civil Rights Violations Stemming from AI-induced Prejudice Five major federal agencies, including the Equal Employment Opportunity Commission (EEOC), the Department of Housing and Urban Development (HUD), the Federal Communications Commission (FCC), the Department of Education (DOE), and the Federal Trade Commission (FTC), have recently announced their partnership…

Chainalysis Partners with Former IRS Criminal Investigator to Bolster Cryptocurrency Financial Crime Detection Capabilities In a significant move to enhance its cryptocurrency financial crime detection capabilities, Chainalysis, the leading blockchain analysis firm, has announced a partnership with John J. Roberts, a former criminal investigator from the IRS Criminal Investigation division. This collaboration is aimed at…

Argentina, government has introduced mandatory registration requirements for crypto firms. The Comisión Nacional de Valores (CNV), Argentina’s securities regulatory authority, announced that virtual asset service providers must comply with the new regulations designed to enhance the country’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) framework.  This move aligns with the recommendations from…

Singapore has made progress in its regulatory framework for the engaging cryptocurrency industry, evidenced by its changes to its offense of payment services that involve custody of digital assets and a wider range of firms involved in fund transfer. During the 2024 hearings, Singapore’s policy of becoming a leading global destiny for cryptocurrency institutions shall…

Deribit has announced its plans to relocate its headquarters to Dubai. This strategic decision comes after Deribit FZE, the Dubai subsidiary of the Deribit group, secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA).  This development marks a pivotal moment for Deribit, known for facilitating trades in Bitcoin and…

Amidst the breakthrough in Hong Kong’s cryptocurrency-monitoring/” target=”_blank” rel=”noopener”>cryptocurrency infrastructure, HKVAEX, a local digital asset trading platform, made its intermittent closure plan public, resulting in a final shutdown on May 1st, 2024. This decision occurred amid the ongoing pressure for regulatory oversight of the cryptocurrency industry, following the region’s example of Hong Kong. Regulatory scrutiny…

Let’s cut to the chase. The crypto industry just got hit with a bombshell that’s got everyone from day traders to big-time execs sweating bullets. The heart of the matter? A U.S. court just gave Coinbase, a giant in the crypto playground, a hard no on their attempt to swat away the SEC’s lawsuit. This…

Here we go again, folks. It seems like the drama between the United States Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) just got a new episode, and it’s all about KuCoin this time. Caroline Pham from the CFTC threw the first punch by hinting that their latest move on the…

The authorization of a specific industry group by the Ministry of the Interior is an essential step in the oversight and management of Taiwan’s cryptocurrency sector. Establishing a more organized structure is the goal for many in the local crypto community, making this achievement significant for their progress. This decision to approve the formation of…

Revolutionizing Crypto Regulation in Estonia: A New Era The tiny Baltic nation of Estonia has taken the crypto industry by storm with its groundbreaking efforts in crypto regulation. Known for its digital savvy and e-residency perks, Estonia is set to bring crypto service providers under the watchful eye of the Financial Supervision Authority (FSA), marking…

Miles Jennings’ Critique of SEC’s Handling of Crypto Regulation: A Turning Point in the Debate Over Crypto Regulation Background and Context of Miles Jennings’ Critique Miles Jennings, General Counsel at a16z Crypto, one of the world’s leading venture capital firms, has recently delivered a scathing critique of the United States Securities and Exchange Commission (SEC)…

Bipartisan Progress Towards Stablecoin Regulation in the U.S. Congress: A Look into the Ongoing Efforts The world of cryptocurrencies and stablecoins has been under close scrutiny by U.S. lawmakers, with representatives from both houses of Congress making significant strides towards the introduction of a stablecoin bill during the current legislative year. The latest updates on…

In a noteworthy development that is poised to redefine the cryptocurrency sector in Uzbekistan, the National Agency for Prospective Projects (NAPP) has revealed a new mandate aimed at amplifying the monthly operational fees for participants in the crypto market. This announcement was made public on Tuesday, March 19, 2024. Background: A Revised Fee Framework The…

Unified Call for Regulatory Clarity: Industry Players and Advocacy Groups Urge SEC to Establish Guidelines for Cryptocurrency Markets In an attempt to address the regulatory ambiguity plaguing the cryptocurrency space, a coalition of prominent industry players and advocacy groups have rallied together, urging the United States Securities and Exchange Commission (SEC) to establish comprehensive guidelines….