Regulation – Page 163

India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

May 11, 2024 by DIGIT

Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India … Read more

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

May 10, 2024 by DIGIT

Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee … Read more

House expected to vote on crypto bill offering SEC, CFTC clarity in May

May 10, 2024 by DIGIT

The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives. Go to Source

Coinbase’s Stand With Crypto launches political action committee

May 10, 2024 by DIGIT

The advocacy group said it will begin officially endorsing political candidates for “common-sense crypto policy” in the U.S. Senate and House of Representatives. Go to Source

President Joe Biden is trying hard to ‘kill crypto’, says Cardano founder

May 10, 2024 by DIGIT

“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States. Go to Source

SEC has taken ‘too expansive’ a view of crypto, says former commissioner

May 9, 2024 by DIGIT

Former SEC commissioner Troy Paredes was not the first to criticize the U.S. financial regulator’s lack of clarity on digital assets. Go to Source

Canadian regulator fines Binance $4.4M for AML and CFT violations

May 9, 2024 by DIGIT

FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator. Go to Source

House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto

May 9, 2024 by DIGIT

The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks. However, the White House has backed the SEC, issuing a veto threat, … Read more

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities

May 8, 2024 by DIGIT

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations. Coinbase’s CLO to Gensler: Please Stop … Read more

President Biden says he would veto resolution countermanding SEC crypto rule

May 8, 2024 by DIGIT

After the U.S. House of Representatives postponed proceedings on a resolution overturning an SEC policy affecting crypto, President Joe Biden said he would veto the measure. Go to Source