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Hong Kong Regulators Set to Tighten Oversight on Bitcoin Exchanges

Authorities in crypto-friendly Hong Kong have revealed that the nation is making plans to further increase regulatory oversight on bitcoin (BTC) trading venues and crypto-related businesses operating in the state, in accordance with the recommendations of the Financial Action Task Force (FATF), according to a speech on February 26, 2020. Hong

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Crypto Mining Does Not Require Governmental Oversight, Ukrainian Regulator Says

Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations.In its manifest on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine stated that mining does not require regulation by state authorities as this activity is

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NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight

Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes.The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require virtual currency-related entities within the FSL jurisdiction to foot the bill for

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US Financial Stability Oversight Council: Stablecoins Are a Risk to the Economy

On December 4th, the financial regulator the Financial Stability Oversight Council (FSOC) published an annual report for the year 2019. The report mainly focuses on the popularity of stablecoins and problems rising as these crypto assets expand over a wider range of potential consumers.In the report, a panel of top

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Australian Stock Exchange Wants Oversight of Blockchain Trading System

The Australian subsidiary of market operator Chi-X called on the Australian Competition and Consumer Commission (ACCC) to investigate the possible effects of blockchain tech on trading activities.Reuters reported on Oct. 30 that stock exchange Chi-X Australia is concerned that a new blockchain system implemented by the Australian Securities Exchange

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CFTC Taps Coinbase’s VP to Lead Division Responsible for Bitcoin Futures Oversight

At CFTC, Coinbase’s Dorothy D. DeWitt will be responsible for the supervision of derivatives platforms, including bitcoin futures, swap data repositories, as well as for the evaluation of the new platform-traded products.The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy

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CFTC Appoints Former Coinbase Exec as Director of Market Oversight

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC).The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and

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