Tag: Regulation

Brazilian Congress Aims to Pass Unified Crypto Framework in Coming Months – Regulation Bitcoin News

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The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their similarity. This new unified project presents incentives for green mining and the inclusion of crypto-related fraud as a crime. Brazilian Congress Moves Gears to Approve Crypto Laws The Brazilian Congress has the disposition of approving a definitive law to…

Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper – Regulation Bitcoin News

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The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA, a regulatory arm of the UAE financial centre ADGM, has issued a discussion paper that seeks the public’s comments on policy considerations for decentralized finance (defi). The release of the document comes as the defi space has seen strong…

Indian Crypto Exchanges Disable UPI, Other Payment Options – Regulation Bitcoin News

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A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges. Indian Exchanges Stop Offering Major Payment Options Options to deposit Indian rupees at cryptocurrency exchanges are dwindling. A growing number of cryptocurrency exchanges have disabled INR deposits using the Unified Payments Interface (UPI) system, which is the most widely used retail payment method. Crypto exchange Wazirx is…

Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions – Regulation Bitcoin News

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An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong Un regime with “technical advice on using cryptocurrency and blockchain technology to evade sanctions.” Ethereum Developer Virgil Griffith Going to Prison for Violating North Korean Sanctions Virgil Griffith, an Ethereum developer, was sentenced to 63 months in prison Tuesday by U.S.…

USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations

CryptoX – Cryptocurrency Analysis and News Portal Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer. Source The post USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations appeared first on CryptoX. CryptoX Portal

FDIC Asks Thousands of Banks to Disclose Crypto Plans – Regulation Bitcoin News

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The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit Insurance Corporation (FDIC), an agency created by Congress to maintain stability and public confidence in the U.S. financial system, announced Thursday: The FDIC is requesting all FDIC-supervised institutions that are considering engaging in crypto-related activities to notify the FDIC of their intent and to…

UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration – Regulation Bitcoin News

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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending. Five Crypto Firms Can Continue to Operate in the UK With Temporary Registration The U.K. Financial Conduct Authority (FCA) updated its list of crypto asset firms with temporary registration Thursday. There are now five firms on the list: Cex.io Ltd., Copper Technologies (UK) Ltd., Globalblock…

Miami Mayor Outlines ‘Vision for Bitcoin America’ — Says We Must Integrate BTC Into Every Aspect of Society This Year – Regulation Bitcoin News

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The mayor of the U.S. city of Miami, Florida, has unveiled his “Vision for Bitcoin America 2024.” Stressing that the U.S. needs to elect a pro-bitcoin president, he said “we need to integrate bitcoin into every aspect of our society” this year and “unleash the macro power of bitcoin.” Miami’s Mayor’s Vision of Bitcoin America Miami Mayor Francis Suarez talked about bitcoin at the Bitcoin 2022 conference that’s taking place in his city this week. The pro-bitcoin mayor has led several bitcoin initiatives in his city and state. His salary…

EU Designates ESMA as Crypto Regulator of the Region in Latest MiCA Draft – Regulation Bitcoin News

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The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority. ESMA Gets Crypto Regulatory Powers in Latest MiCA Draft The latest draft of MiCA, the Markets in Crypto Assets regulation, has brought significant changes to the way in which cryptocurrency licenses for organizations are approved. The…