Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and the reliance […]
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Category: Regulation News
South Korea expands its efforts to regulate Metaverse
The country has been very active in the Metaverse development since the beginning of 2022, teasing large investments and a regulatory framework.
Thailand SEC to apply strict guidelines for crypto ads
Cryptocurrency-related adverts in Thailand will have to meet strict rules as the Securities and Exchange Commission looks to emulate foreign standards.
Celsius files to reopen withdrawals for a minority of customers
Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners.
CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds
The public was invited to comment on whether the regulators should use the term “crypto asset” instead of “digital asset” in proposed changes to Form […]
Former CFTC commissioner Jill Sommers joins FTX US Derivatives board
The addition of Jill Sommers followed former CFTC commissioner Mark Wetjen becoming FTX US’ head of policy and regulatory strategy in November 2021.
Indonesia plans to set up its crypto bourse by the end of 2022
The country’s deputy trade minister confirmed the intention, for the first time voiced in last year.
Tens of Celsius clients ask US court to recover $22.5M in crypto
Suspension of withdrawals on Celsius custody contradicts the plain language of the firm’s terms of use, a group of disgruntled creditors argued.
President of Paraguay vetoes crypto regulation law
The bill was approved by the nation’s Senate in July as low-energy costs continue to boost mining activities in the country.
California State Assembly passes bill for licensing and regulating crypto firms
The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California.