Tag: Regulation

Will crypto regulation change after the SEC’s head of the crypto left?

David Hirsh, the former head of the Cryptocurrency and Network Division at the U.S. Securities and Exchange Commission, has left his position. In his LinkedIn post, he called securities trading a “team sport.” He thanked his SEC colleagues for their cooperation and joint efforts to achieve a common goal. “As I often say, securities enforcement is a team sport, and that was certainly true throughout my tenure. Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal. Thanks to all…

Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […] Source CryptoX Portal

Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […] Source CryptoX Portal

exchanges are navigating regulation and building trust

The global head of banking and payments at Kraken Kaushik Sthankiya and the president of the CoinW exchange Sonia Shaw discuss the state of cryptocurrency exchanges at the Money20/20 event in Amsterdam. The FTX collapse in 2022 brought bearish sentiment to the crypto ecosystem and many traders and investors wondered if they could trust crypto exchanges.  Shaw says that the industry is still recovering from the FTX collapse while trying to rebuild consumer confidence with regulatory support.  “Everything is definitely coming back, but we haven’t really got back to the…

Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation

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Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints at a possible regulation agreement between the two countries. […] Original

Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins

Seamus Rocca, CEO of Xapo, had a candid conversation with Cryptox.trade’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […] Source CryptoX Portal

Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach

Billionaire investor and “Shark Tank” star, Mark Cuban, has taken to social media to voice his concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In a series of posts, Cuban criticizes the SEC for stifling innovation and causing harm to businesses in the crypto industry. He contrasts the U.S. regulatory […] Source CryptoX Portal

Former Biden advisor predicts US crypto regulation imminent

The double-edged nature of cryptocurrencies has become increasingly apparent, particularly in their role in facilitating child sexual abuse material (CSAM). Speaking to crypto.news, former Whitehouse insider Moe Vela said he expects the government to intervene soon. U.S. Senators Elizabeth Warren and Bill Cassidy have attacked the cryptocurrency sector, raising concerns about the matter. Federal agencies have been urged to enhance their capacity to detect and prosecute cryptocurrency transactions linked to CSAM. Their call comes at a critical time when privacy-focused cryptocurrencies and mixing services have been identified as tools for laundering funds derived from CSAM, as detailed in recent studies by Chainalysis…

A joint statement by Ofcom and the Information Commissioner’s Office on collaboration on the regulation of online services

I ddarllen y tudalen yma yn Cymraeg, cliciwch yma. We have published a joint statement with Ofcom about collaboration on the regulation of online services where online safety and data protection intersect. The statement sets out how we will work together on areas of mutual interest to achieve a coherent approach to regulation. It builds on a joint statement published in November 2022 that envisioned working together more closely to achieve greater alignment. Read the statement in full here.   Source