Regulatory

The crypto industry is significantly increasing political contributions to influence U.S. elections. Efforts are being made to cultivate a favorable regulatory environment through strategic influence and educational initiatives targeting lawmakers. Following recent developments, as noted in an earlier CNF post regarding the U.S. Federal Reserve expanding oversight on banks engaging with crypto, questions arise about potential risks to the crypto industry. Today’s Yahoo Finance article unveils that the crypto industry is bolstering its political efforts in Washington, D.C., indicating a…

Binance and KuCoin have officially registered with India’s Financial Intelligence Unit, marking a pivotal shift in regulatory compliance for cryptocurrency exchanges. India’s crypto market continues to thrive as it secures its position as the second largest globally, attracting substantial cryptocurrency investments. According to a recent report from Today’s Business Standard, the disparity between registered and unregistered cryptocurrency firms is set to decrease. This comes after significant developments where international crypto giants like Binance and KuCoin have secured registration with India’s…

The post Nigerian SEC To Meet Foreign Exchanges In The Midst Of Regulatory Tussle appeared first on Coinpedia Fintech News Emomotimi Agama, the pro-crypto Director General of Nigerian SEC is set to meet local and foreign crypto CEXs at an event on May 6th amidst its regulatory battle. The meeting is for setting up a progressive regulatory course for the Crypto sector in the country. The news comes in as Nigeria fights a legal battle with Binance. Binance was charged…

The post Boom or Bust? Hong Kong’s Crypto ETFs Launch Amid Regulatory Caution from Chinese Officials appeared first on Coinpedia Fintech News The launch of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong has sparked excitement among investors globally, with cryptocurrency prices seeing a notable surge in response. This development highlights Hong Kong’s ambition to position itself as a key hub for digital asset investments.  However, amidst the enthusiasm, recent remarks from Chinese regulators have raised concerns and cast…

On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act. The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.” The Senators have been drafting the bill for months as customer protections and proper custody practices for issuers came into focus following the fallout of the FTX collapse. @gillibrandny and I are…

Tokenize.it has received the award for “Best Regulatory Innovation in Blockchain” at Paris Blockchain Week The Tokenize.it platform offers an innovative approach to give German private limited companies (GmbH) access to the capital market. Tokenize.it founder Christoph Jentzsch has experience in building and selling companies. He sold his startup slock.it to a US investor in 2019. He became world-famous with his spectacular project TheDAO, which raised around 150 million US-Dollar in a very short time in 2016. Mittweida, Germany, April…

[PRESS RELEASE – Johannesburg, South Africa, April 15th, 2024] VALR, the Pantera-backed crypto exchange headquartered in Johannesburg, announced that it has been granted both a Category I and Category II license by the Financial Sector Conduct Authority (FSCA) of South Africa as a Crypto Asset Service Provider (CASP). This milestone makes VALR one of the first crypto asset platforms to receive regulatory approval in both categories in South Africa. The FSCA opened CASP license applications in June 2023, giving crypto…

SEC targets Uniswap, causing market turmoil and raising concerns about regulatory overreach in the crypto space. The crypto community rallies behind Uniswap, expressing solidarity and calling for greater regulatory clarity and dialogue. Uniswap Labs, a prominent player in the cryptocurrency industry, finds itself under the regulatory spotlight as it receives a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice serves as a precursor to potential legal action, signifying the SEC’s interest in pursuing a lawsuit against…

The post Regulatory Settlements Drive Compliance Efforts at Leading Crypto Exchanges appeared first on Coinpedia Fintech News In the wake of settlements with U.S. regulators, top cryptocurrency exchanges like Binance, Coinbase, and Kraken are doubling down on compliance efforts.  Binance’s Settlement Chief compliance officers from these platforms spoke at a recent industry conference, highlighting their commitment to strengthening compliance controls and staffing to mitigate past failures and enhance industry standards. During a panel discussion at the Chainalysis Links conference in…