Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse
A bill published for comment includes restrictions on stablecoins, proof-of-work mining and crypto staking. Source
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Seeks
Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security
Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC). In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are
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First Mover Americas: Coinbase Seeks Clear Answers From SEC
The latest price moves in bitcoin (BTC) and crypto markets in context for April 25, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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US Treasury seeks to tighten nonbank rules following banking crisis
The United States Treasury and a number of top U.S. financial regulators suggested new rules to make it easier for the Federal Reserve to designate nonbank institutions as systemically important, making it easier to supervise and regulate them.In remarks from the Financial Stability Oversight Council (FSOC) Council Meeting on April
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The Most Intense Consensus Ever Seeks Everyone’s Voice
This year’s CryptoX Consensus event, which will bring key policy and technical debates to the forefront, is especially important. While the withdrawal of a handful of previously agreed-upon speaking assignments undermines full representation on both sides of the issues, non-U.S. jurisdiction involvement will make 2023's Consensus one to remember. Source
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US Attorney seeks 7-year sentence for exec in crypto shadow banking case
A long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that has dragged on for five years.On April 18, U.S. District Attorney Damian Williams filed a request in advance of the sentencing of Reginald Fowler which is scheduled for April 20.Fowler,
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Italy’s Data Watchdog Seeks More Transparency of ChatGPT’s OpenAI to Lift Ban
Italy’s data protection agency Garanate has set out multiple conditions for OpenAI to implement and comply with the GDPR rules. In March 2023, the European Nation of Italy announced a ban on OpenAI’s newly released told ChatGPT, which has created a storm in the tech world. This happened on the
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France’s metaverse consultation seeks input on alternative to tech ‘giants’
The French government is seeking public comment on the metaverse, or what it’s calling the “virtual immersive universe,” to shape “a French strategy” for the up-and-coming sector and offer an alternative to the “international giants.”On April 11, France’s Directorate General for Enterprise issued a consultation calling upon companies, associations, citizens
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India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’ – Regulation Bitcoin News
India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal
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US SEC seeks to expand its Crypto Assets and Cyber Unit
Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB).Now, according to a job posting on the official government website, the U.S. Securities and Exchange
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