Cryptonews Tags Crypto Regulation

# Crypto Regulation (Page 27)

FTX-Linked Wallet Moves $10 Million in Altcoins Ahead of Bankruptcy Hearing

Bankrupt crypto exchange FTX’s Solana wallet has moved $10 million in altcoins to Ethereum network through the Wormhole bridge in the last 4 days, sparking fears of more token dumps in the market. In a filing submitted the previous month, FTX debtors proposed a structured approach to...

, by Jai Pratap

French Data Watchdog Conducts ‘Inspections’ at Worldcoin’s Orb Center in Paris

France's data watchdog, CNIL, made an unannounced visit to the verification center of Worldcoin in Paris this week, intensifying the scrutiny surrounding the cryptocurrency project's controversial privacy practices.The surprise inspection took place at Worldcoin's Orb center, a facility where...

, by Jai Pratap

Crypto Exchange OKX Looks to Expand into India

Crypto exchange giant OKX is looking to expand into India despite the uncertain regulatory environment. In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff. The crypto...

, by Jai Pratap

Japanese Regulators Greenlight EOS Token Trading, Enabling Pairing with Japanese Yen

The EOS Network has secured whitelist approval from Japan's crypto regulator allowing EOS token to be traded against the Japanese yen on the regulated crypto exchanges of Japan.The EOS network announced in a blog post that the trading opportunity is slated to become operational in September, on the...

, by Jai Pratap

Swiss Bank SEBA Gets In-Principle Approval From Hong Kong Regulators to Offer Crypto Services

Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.The AIP signals a pivotal moment for SEBA Hong Kong, the bank's...

, by Jai Pratap

Republican Lawmakers Accuse Fed of Obstructing Advancements on Stablecoin Bill

A group of Republican lawmakers have expressed their concerns regarding the Federal Reserve's recent measures aimed at strengthening its oversight of crypto and stablecoin activities within banks. These lawmakers have complained that such actions are hindering the advancement of their proposed...

, by Jai Pratap

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million

South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...

, by Jai Pratap

Bitstamp Halts ETH Staking for US Customers Amid Regulatory Uncertainty

In a move fueled by increasing regulatory uncertainty in the United States, global cryptocurrency exchange Bitstamp has announced to terminate Ethereum staking service for US users. The exchange has set September 25 as the deadline for users to earn rewards on their staked assets, after which...

, by Jai Pratap

Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users

Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards. The move comes as the crypto exchange aims to align its operations with recommendations from international regulatory bodies and to provide...

, by Jai Pratap

Worldcoin Extends WLD Reservation Access to Unverified Users

The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...

, by Jai Pratap

Federal Reserve Establishes Program to Monitor Crypto Activities in US Banks

The U.S. Federal Reserve has introduced a new set of guidelines aimed at closely monitoring banks' involvement with cryptocurrencies. This program, termed the "novel activities supervision program," was unveiled on Tuesday, clarifying the central bank's strategy for supervising banks'...

, by Jai Pratap

Miami Mayor Francis Suarez Embraces Bitcoin Donations for Presidential Bid

Miami Mayor Francis Suarez, a vocal crypto advocate, announced that his Presidential campaign is officially accepting donations in the leading cryptocurrency Bitcoin (BTC). In an interview, the Miami Mayor said, “officially, my campaign is accepting Bitcoin.” The announcement...

, by Jai Pratap

Digital Bank Revolut to Suspend Crypto Services For US Customers Citing Regulatory Uncertainty

Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers. The digital bank cited the market uncertainty and changes to the local regulatory landscape in the country for suspending crypto services. The England-based fintech firm will suspend...

, by Jai Pratap

Bank Policy Institute Supports Elizabeth Warren’s Push for Stricter Crypto Rules

The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies. Warren, along with three other senators, has recently reintroduced the Digital...

, by Ruholamin Haqshanas

DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License

French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license. Atlantis obtained PSAN, committing to complying with France’s crypto regulations and...

, by Jai Pratap

Towards a Balanced Future: A Middle-of-the-Road Approach to Crypto Regulation

As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined...

, by Jai Pratap

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