The announcement of one-on-one discussions with the OCC followed the department saying it planned to establish an Office of Financial Technology starting in 2023.
UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the treasury department.
Japan’s Digital Agency launches DAO to explore DAOs and Web3
The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the state of Wyoming approving similar legislation in July 2021.
ASIC’s Longo pledges action against certain ‘high-risk’ crypto products
The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.
Switzerland’s financial regulator extends reporting requirements for crypto transactions
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.
Bankman-Fried misguides regulators by directing them away from centralized finance
FTX CEO Sam Bankman-Fried proposed a blueprint for regulators to look into decentralized finance — with nary a word about centralized exchanges like his own.
SEC chair highlights crypto enforcement cases to legal experts
Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws.
Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister
Nirmala Sitharaman’s comments came amid the Reserve Bank of India launching its digital rupee pilot program for the wholesale segment.
38% of US voters will consider candidates’ position on crypto in midterms: Survey
Initiated by Grayscale, the survey suggests crypto regulation is a bipartisan issue, with the majority of Democratic and Republican respondents saying they want clarity.
Hong Kong financial regulator issues guidelines for crypto futures ETFs
The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures.
Luiz Inácio Lula da Silva wins Brazil’s presidential race — What does this mean for crypto?
The future president reportedly said that cryptocurrencies “deserved the attention of authorities,” calling for Brazil’s central bank to create a framework for digital assets.
Terra co-founder Do Kwon faces $57-million lawsuit in Singapore
The lawsuit alleges Kwon and others made fraudulent claims on UST “either well knowing that they were false and untrue, or recklessly not caring whether they were true or false.”
Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
As part of the agreement, El Salvador will establish a physical government presence in an effort to “foster cooperation with educational and research institutions.”
United Kingdom banks hate crypto, and that’s bad news for everyone
Banks in the United Kingdom try to block businesses and individuals alike from investing in cryptocurrency. Regulators should fix the situation.
Vietnam’s prime minister calls for crypto regulation: Report
“It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh.
UK police council reports there are officers in every unit trained for crypto enforcement
The NPCC’s Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector.
Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee
According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes.
US lawmakers question regulators over ‘revolving door’ with crypto industry
“Americans should be confident that regulators are working on behalf of the public, rather than auditioning for a high-paid lobbying job,” said 5 senators and House members.
Investors are loving SEC’s crypto industry crackdown, according to survey
Critics have called out the SEC’s “regulation by enforcement” tactics, but to some investors, it’s a positive sign they’re seeing to invest in digital assets.
Japan is losing its place as the world’s gaming capital because of crypto hostility
From regulation to taxation, Japan has been hostile to cryptocurrency gaming. That stance is threatening the country’s position as a global leader in gaming