Regulations

Regulations

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State of Crypto: India and Nigeria's Crypto Crackdowns Continue Old Trends

Both nations hope to prevent banks from providing services to crypto companies.

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Binance Drops Defamation Lawsuit Against Forbes Over ‘Tai Chi’ Document

The exchange did not say in its latest filing why it withdrew the case for now.

Binance CEO Changpeng Zhao speaks during Consensus.

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FinCEN Extends Comment Period for Controversial Crypto Wallet Rule

Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.

U.S. Treasury Secretary Steven Mnuchin

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Brian Brooks, Crypto-Friendly Bank Regulator, Expected to Step Down This Week: Report

The Acting OCC head will reportedly end his brief tenure running the federal banking regulator by the end of the week.

Brian Brooks

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UK's Ban on Crypto Derivatives Goes Into Effect Today

The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.

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Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins

Stablecoins should meet the same regulatory standards as other financial instruments, Trump’s Working Group on Financial Markets said.

The White House

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Self-Hosted Bitcoin Wallets Become Front Line in Fight Over Crypto Regulations

The steady creep of know-your-customer (KYC) requirements over firms that touch digital assets is now at the foot of self-hosted wallets.

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US Treasury Bulking Up Crypto Policy Advisers as Wallet Reg Rumors Swirl

FinCEN has posted a pair of job listings for crypto policy advisers amid rumors that new regulations around wallets will arrive soon.

FinCEN Director Ken Blanco during a press conference in New York during his time as a U.S. Deputy Assistant Attorney General.

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Seychelles, Longtime Home of BitMEX, Is Bending to US Pressure on KYC

When it comes to island-hopping crypto exchanges with relaxed know-your-customer rules, BitMEX could be just the tip of the iceberg.

Coconut drink, Port Victoria, Seychelles

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US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs

Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday that warned such rules might "crush a nascent industry."

U.S. Rep. Warren Davidson