Tag: Regulation

Japanese Regulator Proposes Deep Rework of Crypto Regulation

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Japan’s Financial Services Agency (FSA) presented a proposal that would significantly tighten crypto regulation. A Tuesday FSA report recommends regulating cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), moving them from under the Payment Services Act. This aims to strengthen investor protection and align crypto oversight with securities regulation. The regulator said that many issues within crypto resemble those traditionally addressed under the FIEA, so it may be appropriate to apply similar mechanisms and enforcement. Key problems in crypto investment highlighted in the report include unclear white papers, inaccurate…

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO

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Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold.  Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts, or other similar traditional financial (TradFi) regulations, will backfire, as did efforts to control the spread of information on the internet.  Policy proposals to implement identity checks into digital asset systems in the White House’s…

Is ‘Simple’ Regulation a Risk? Experts Debate White House’s Crypto Recommendations

The recent White House report on digital assets emphasizes the need for the CFTC to have clear authority over spot markets for ‘non-security’ digital assets. Experts express skepticism about the CFTC’s ability to effectively manage both the U.S. derivatives market and the crypto sector. Recommendations for Regulatory Clarity The recently released White House report on […] Source CryptoX Portal

Philippine SEC Flags 10 Crypto Exchanges Defying New Digital Asset Regulation

Top global crypto exchanges face mounting legal peril in the Philippines after being accused of illegally targeting users and violating strict new digital asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating Illegally in the Country The Philippine Securities and Exchange Commission (SEC) published an advisory on Aug. 4, alerting investors about unregistered offshore […] Source CryptoX Portal

Project Crypto: A New Era in US Financial Regulation

In a bold and sweeping address delivered at the America First Policy Institute, Paul Atkins—the Chairman of the SEC—outlined what may become one of the most significant shifts in U.S. financial regulatory history: the launch of “Project Crypto.” Framed as a strategic initiative to reestablish American primacy in crypto markets, the initiative represents both a […] Source CryptoX Portal

Trump White House Releases Crypto Regulation Report

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The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies.  Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities was the first issue outlined in the report, released on Wednesday. According to recommendations in the document, jurisdictional oversight over digital assets should be shared between the Commodity Futures Trading…

Uruguay to Further Clarify the Legal Status of Bitcoin in New Regulation

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The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on the other hand, would be classified as “financial virtual assets.” Uruguay to Clarify Status of Bitcoin and Other Virtual Assets in New Regulation The Central […] Original

What factors are driving the bitcoin price surge? | ABC NEWS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The price of bitcoin has reached an all-time high, climbing above $US120,000 for the first time. It comes as a number of digital asset laws, likely to give cryptocurrencies a regulatory framework, are to be voted on by US Congress. Doctor Aaron Lane from RMIT’s blockchain innovation hub says a regulatory environment and the appeal of bitcoin as a secure ‘digital gold’ investment amid economic uncertainty have contributed to the recent surge in price. Subscribe: Read more here: ABC NEWS provides around…

Crypto Exchange OSL Group Raises $300M Ahead of Hong Kong’s Stablecoin Regulation Plan

Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale. OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing stablecoin issuance under a new regulatory regime taking effect at the start of August. It is in the process of unveiling a range of policies for the regulation…