Regulation

Regulation

US Lawmakers Call on Communications Regulator to Tackle SIM-Swapping Crime

Democrat lawmakers are demanding that the FCC takes action to tackle the rise in SIM swapping attacks.

Policy & regulation  ·  10 January 2020
Regulation

European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry.

Policy & regulation  ·  10 January 2020
Regulation

ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020

Citing concerns about digitalization risks to financial markets, ESMA plans to focus more on crypto regulation this year.

Policy & regulation  ·  9 January 2020
Regulation

New York Governor Proposes Giving Financial Watchdog More Teeth

Andrew Cuomo wants to give the Department of Financial Services more powers in regulating certain licensed entities, including crypto startups.

Policy & regulation  ·  9 January 2020
Regulation

Former Bakkt CEO to Help Oversee CFTC in Congress

Newly appointed senator Kelly Loeffler is to join the committee that oversees the Commodity Futures Trading Commission, raising concerns of a possible conflict of interest.

Policy & regulation  ·  8 January 2020
Exchanges

Law Enforcement Data Requests Rose by Almost 50 Percent in 2019, Says Kraken

The exchange's CEO said the cost of responding to law enforcement requests for user data was over $1 million.

Policy & regulation  ·  7 January 2020
Governance

Gemini’s Head of Risk on How Crypto Beats Traditional Finance

The arc of crypto bends toward regulation, so we might as well be prepared, says Gemini's risk chief and the president of the Virtual Commodities Association, Yusuf Hussain.

Policy & regulation  ·  7 January 2020
Exchanges

South Korean Presidential Committee Wants to Bring Crypto Into Mainstream Finance

Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.

Policy & regulation  ·  6 January 2020
Regulation

Closer Look at SEC ‘Accredited Investor’ Revamp Suggests Little Will Change

For the first time in decades, the SEC is lowering the barrier to investing in private securities, including crypto tokens. How much lower is unclear.

Policy & regulation  ·  6 January 2020
Exchanges

Crypto Custodians Grapple With Germany’s New Rules

While a grandfather clause allows crypto custodians to keep serving German customers without being penalized, those same companies are waiting on financial regulator BaFin to release final regulations around the law.

Policy & regulation  ·  26 December 2019
Regulation

Crypto Firms Can Now Apply for a License in France

The license is optional for crypto firms operating in France, but firms can use the license in marketing themselves to institutional clients.

Policy & regulation  ·  26 December 2019
Regulation

French Financial Watchdog Approves First ICO Under New ‘Visa’ Scheme

The approved ICO issuer can now legally market and host their sale until the beginning of June 2020.

Policy & regulation  ·  20 December 2019
Regulation

Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO

Internet startup Blockchain of Things has agreed to pay $250,000 to settle with the SEC over its $13 million ICO.

Policy & regulation  ·  19 December 2019
Regulation

Libra Lacks Clarity on ‘Opaque’ Currency Basket, Says Fed Reserve Governor

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.

Policy & regulation  ·  19 December 2019
Regulation

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

Bottle Pay is shutting down, citing the EU's new AML rules, which could compel crypto wallet providers to collect KYC info from users starting next month.

Policy & regulation  ·  13 December 2019