Regulation news · Page 29
Revolut Sets Sights on U.S. Banking Operations and Stablecoin Launch Following OCC Approval
Revolut receives conditional OCC approval to establish a U.S. national bank and launch a stablecoin by 2027, expanding its financial services in the U.S.
Massive Leak of Driver’s License Data Triggers KYC Controversy
A massive leak of 153 million driver’s licenses from the U.S. and Canada raises serious concerns about KYC policies and data security.
Privacy Coins Face Challenges as Traditional Finance Embraces Them
Wall Street embraces privacy coins like Zcash ETF, while centralized exchanges restrict access to Monero, highlighting a dual path in privacy finance.
Argentina's Prosecutors Enhance Skills to Combat Cryptocurrency Crimes
Argentina's Public Prosecutor's Office trains staff in tracing and seizing crypto assets, enhancing investigations into virtual currency related crimes.
Collaboration between VARA and Securitize Aims to Boost Tokenization Efforts in Dubai
VARA and Securitize signed an MoU to enhance tokenization in Dubai, aiming to develop regulated digital asset infrastructure and attract institutional participation.
DWF Labs Secures BVI VASP Approval, Enhancing Global Reach in Digital Asset Services
DWF Labs gains approval as a registered Virtual Asset Service Provider in the BVI, enhancing its global regulatory presence and service offerings.
Committee Formed for Bitmart Users to Seek Recovery of Frozen Assets
Echo Base forms a committee for Bitmart users with frozen assets, hiring legal counsel to pursue recovery after Bitmart's operational shutdown.
Taiwan Plans Comprehensive Stablecoin Regulations by Early 2027
Taiwan plans to implement stablecoin regulations by Q1 2027 as part of the Virtual Asset Service Act, enhancing crypto sector supervision.
Ledger Faces $500 Million Lawsuit Over Alleged Data Breach and Cryptocurrency Theft
Ledger faces a $500M lawsuit over data breach allegations, claiming inadequate security led to customer crypto theft and identity fraud.
ASIC Issues Urgent Licensing Reminder as Crypto Companies Face 10% Turnover Fines
Australia's ASIC issues a warning to unlicensed crypto firms, enforcing fines up to 10% of annual turnover post-September 30 deadline for licensing.
CFTC Moves to Dismiss CME Group's Challenge to Cryptocurrency Futures Regulation
The CFTC seeks dismissal of CME's lawsuit over the classification of cryptocurrency perpetual contracts, arguing CME lacks legal standing and has no competitive injury.
Wyoming Implements Chainlink for Immediate Reserve Verification of Stable Token
Wyoming enhances its Frontier Stable Token with Chainlink's real-time reserve verification, ensuring transparency and timely data updates for token backing.
Former Ripple CTO David Schwartz Supports Tether's Preemptive Freeze of $42.4 Million in USDT, Spotlighting Stablecoin Governance
David Schwartz supports Tether's $42.4M USDT freeze, raising concerns about centralized stablecoins and compliance amidst legal governance.
U.S. Authorities Confiscate Over $560,000 in Cryptocurrency Tied to Hamas Funding Efforts
The Justice Department has seized over $560,000 in cryptocurrency donations for Hamas, disrupting their funding and recruitment efforts.
El Salvador Expands Bitcoin Holdings to 7,762 BTC Amidst IMF Pressures
El Salvador's Bitcoin reserve now totals 7,762 BTC, as the nation continues its daily purchase policy despite IMF's concerns.
Thailand Enforces New Travel Rule for Cryptocurrency Transactions, Including Self-Custodial Wallets
Thailand implements a new crypto Travel Rule requiring checks on self-custodial wallets to enhance AML compliance and transaction data retention.
Cryptocurrency Leaders Advocate for Individual Assessment of Novel ETFs by SEC
The crypto industry, led by Grayscale and a16z, urges the SEC to tailor ETF regulations, advocating for individual assessments rather than blanket restrictions.
OKX Issues Alert: High-Risk Cryptocurrency Deposits May Lead to Prolonged Account Reviews
OKX warns that cryptocurrency deposits from high-risk sources may prompt 15-day reviews, restricting account functions and fund access during compliance checks.
G20 Finance Leaders Commit to Defining Regulations for Digital Assets to Foster Financial Innovation
The G20 commits to clearer regulatory frameworks for digital assets to promote financial innovation while ensuring stability and cross-border risk management.
Thai Businessmen Take Legal Action Against Tether for $42.4 Million USDT Freeze
Thai businessmen sue Tether for unlawfully freezing $42.4M USDT without a court order, challenging the issuer's authority over the tokens.
