Crypto-friendly CFTC commissioner Brian Quintenz reportedly plans to step down
Quintenz’s 5-year term at the agency was originally scheduled to end in April 2020, but he has twice extended his departure. Go to Source Powered by WPeMatico
Regulation
Auto Added by WPeMatico
Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief, Micheal Kaase Aondoakaa, filed the … Read more
Putin Orders Russian Government to Prepare to Check Officials With Crypto Assets
President Vladimir Putin has tasked several ministries and the central bank to prepare to verify information provided by government employees about their digital asset holdings. The order comes as part of a new plan to combat corruption which was recently approved by the Russian leader. Authorities to Inspect Crypto Disclosures Filed by Russian Officials as … Read more
Crypto language in the infrastructure bill is a political shell game, says Cointelegraph GC
According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes. Go to Source Powered by WPeMatico
Dutch central bank claims Binance is operating illegally
The warning follows authorities in several countries issuing statements warning investors to exercise caution in regards to Binance, or claiming the exchange was operating illegally. Go to Source Powered by WPeMatico
Government Watchdog Investigates Conflicts of Interest Involving SEC Officials, Crypto, XRP, Ripple Lawsuit
Government watchdog Empower Oversight has requested internal documents from the U.S. Securities and Exchange Commission (SEC) on cryptocurrency that potentially show conflicts of interest at the commission involving former high-level officials. This affects the commission’s lawsuit against Ripple Labs and its executives. SEC’s Conflicts of Interest Involving Bitcoin, Ether, XRP, Ripple Empower Oversight Whistleblowers & … Read more
Former US Treasury official joins Binance to lead AML efforts
Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance. Go to Source Powered by WPeMatico
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure unsuspecting Kenyans. Unrealistic Promises According to a CMA statement issued on August 12, Fxbitinvest is offering prospective … Read more
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been targeted in a crackdown on crypto trading in the city. People’s Bank of China Cracks Down on Coin … Read more
US lawmakers urge CFTC and SEC to form joint working group on digital assets
The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law. Go to Source Powered by WPeMatico
