Regulation

Regulation

Opinion

A Call to the SEC: Treat Crypto Assets as if Clients Matter

Asset managers may be breaching their fiduciary duty by following the SEC's "custody rule" that requires an overcautious approach to crypto.

WASHINGTON, DC - SEPTEMBER 14: Gary Gensler, Chair of the U.S. Securities and Exchange Commission,  testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on September 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)

Policy

Crypto Remains a Priority for UK Under New Leader, Drawing Industry Excitement

Industry advocates in the country worried previous finance minister Rishi Sunak's crypto plans wouldn't pan out, especially after his recent defeat in the race for prime minister.

British Flag (Unsplash)

Policy

EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA

A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to algorithmic stablecoins and fractionalized NFTs.

The EU flag (Håkan Dahlström/Getty Images)

Finance

Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report

Regulators are tightening rules in the wake of a global search for Terra co-founder Do Kwon.

Jakarta, Indonesia (Shutterstock)

Policy

Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan

The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.

Australian Senator Andrew Bragg, has introduced a new crypto bill targeting China's digital yuan. (andrewbragg.com)

Policy

CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators

Agency is “right regulator” to oversee digital assets trading, CFTC chairman testifies at a hearing of the Senate Agriculture Committee.

(Jesse Hamilton/CoinDesk)

Policy

South Korea Looks to Invalidate Terra Co-Founder Do Kwon's Passport: Report

The CEO of Terra along with five others were issued with an arrest warrant on Wednesday.

Terraform Labs CEO Do Kwon on CoinDesk TV in December (CoinDesk)

Layer 2

A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide

Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation.

"First Supper," exhibited through a projector at the 'Virtual Niche" exhibit in Beijing in April 2021. The artwork is composed of 22 pieces, each individually encoded as a NFT. (Eliza Gkritsi/TechNode)

Finance

Wall Street Titans' New Crypto Exchange Aims to Seriously Cut Costs for Investors

EDX Markets, backed by major trading and investment firms like Schwab and Citadel Securities, will initially offer only a handful of cryptocurrencies such as bitcoin.

Bitcoin superó máximos de un mes, pero analistas advierten sobre la volatilidad. (Spencer Platt/Getty Images)