Regulations

Regulations

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Canadian Bank Regulator Details Crypto Liquidity, Backing Rules

Canada joins U.S. and European authorities in explaining how its supervised entities can engage with crypto.

(Jason Hafso/Unsplash)

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FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims

The five companies "made false representations" suggesting crypto products might be FDIC-insured.

FTX US President Brett Harrison (Danny Nelson/CoinDesk)

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South Africa's Central Bank Greenlights Financial Institutions to Serve Crypto Clients

The bank warned against the "wholesale" banning of customers who have digital assets.

South African banks are allowed to handle crypto funds, the country's bank said. (peng song/Getty Images)

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As SEC Leans on Enforcement to Regulate, Crypto Lawyers Study Every Word

The industry’s legal advisers are trying to reverse-engineer the text of recent enforcement actions to divine the agency's thinking.

Comisión de Bolsa y Valores de Estados Unidos. (Jesse Hamilton/CoinDesk)

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US Tribal Nation Economic Zone Publishes Draft Rules for DAOs

The Catawba Digital Economic Zone proposes allowing DAOs to be organized as unincorporated non-profits or limited liability companies.

One of the initial sites of the Catawba Digital Economic Zone in Rock Hill, South Carolina. (CDEZ)

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South Korea's Money Laundering Watchdog Flags 16 Crypto Firms for Operating Without Registration

Crypto exchanges KuCoin and Poloniex are among the foreign firms accused of conducting "illegal business activities" without proper registration, and could face fines or imprisonment.

South Korea has delayed plans to tax crypto by two years to 2025. (Jacek Malipan/Getty)

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EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings

Lawmakers of the European Green Party want to anticipate international standards by legislating hefty capital requirements for lenders now.

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UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.

The U.K. wants to bring stablecoins into the scope of local payments regulation, but it's still not clear what that might look like. (Ashley Cooper/Getty Images)

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US Regulator 'Improperly' Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says

Sen. Pat Toomey said whistleblowers had informed him the FDIC was pressuring banks to stop providing services to crypto companies.

U.S. Sen. Pat Toomey (R-Pa.) (Anna Moneymaker/Getty Images)

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Kenya's Crypto Crowd Hopes President-Elect Will Be Better Than Predecessor

Being the younger candidate and the one with a youth-friendly campaign, William Ruto is expected to be more crypto positive, locals hope.

Kenyans watching the results of last week's presidential election. (Ed Ram/Getty Images)