UK Financial Watchdogs Publish Plans to Regulate Stablecoins
The U.K. government published plans for regulating crypto last week. Source
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Watchdogs
US industry watchdogs oppose draft bill on crypto market structure
An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the crypto market structure by the United States House Financial Services Committee.In detailed correspondence addressed to the committee, groups, including Americans for Financial Reform and the Center for Responsible
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Australia bolsters crypto watchdogs in ”multi-stage’ plan to fight scams
The Australian government is bolstering its market regulator's digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto firms.A Feb. 2 joint statement by Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones explained that the new measures are
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Regulatory Clarity? Financial Watchdogs Could Not Be More Clear
What is meant by regulatory clarity? The U.S. Congress has the power to draft and pass laws that direct government agencies such as the SEC and DOJ to issue rules, supervise entities and conduct enforcement. With the assistance of court decisions and the rulemaking process, as well as agency guidance
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Financial Stability Watchdogs Vow to Tackle DeFi, Learn FTX Lessons
“Crypto trading platforms, combining multiple activities that are normally separated in traditional finance, can lead to concentrations of risk, conflicts of interest, and a misuse of client assets,” the FSB said, noting it had drawn “preliminary lessons from the recent failure of FTX.” Original Source
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Crypto Conglomerates Require ‘Urgent Regulatory Attention,’ European Watchdogs Say
The group, chaired by officials from the Swedish central bank and U.K. Treasury and including financial authorities from France, Germany and the European Union, suggested it would take as a blueprint a recent FSB regulatory plan that could force conglomerates to break up and stablecoins to centralize governance. Source
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Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors – Regulation Bitcoin News
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto
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Singapore aims to streamline financial watchdog’s authority over crypto firms
The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country.Records from the Parliament of Singapore show the government passed the Financial Services and Markets Bill on Tuesday following a second reading on
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Securities Watchdogs File Orders Against Crypto Lender Celsius – Regulation Bitcoin News
A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing and is also
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Antitrust watchdogs around the world are going back to school to study blockchain and AI
Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI. On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. The DoJ is merely the
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