Regulations News Post

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

WEF introduces cyber resilience framework, index to increase organizational security

The international organization looked at ten cybersecurity frameworks as it created its comprehensive version with six principles and numerous best practices.

Philippines’ digital transformation could make it a new crypto hub

The archipelagic country of the the Philippines is exploring blockchain use cases across different industry verticals.

Bitcoin trading volumes post new high in Philippines peso on Paxful

Weekly Bitcoin trading volumes in the Philippines peso were steadily growing on Paxful this year and eventually hit a new high in July.

South African exchanges welcome the new 'crypto is financial asset' ruling

Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.

Tencent shuts down NFT platform as gov policy makes it impossible to thrive

While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.

OKX to extend offers in Dubai after securing a provisional license

The license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai.

Celsius vows to return from bankruptcy but expert fears repeat of Mt Gox

The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.

BREAKING: Celsius reportedly filing for bankruptcy 'imminently'

An unnamed source told CNBC that the company plans to file the bankruptcy paperwork "imminently."

US Senate confirms Michael Barr as Fed vice chair for supervision

Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.

BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements

The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology.

UK court allows lawsuit to be delivered via NFT

Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website.

UK Treasury Committee opens inquiry into crypto industry

The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT.

Survey reveals high penetration and adoption of crypto in Saudi Arabia

Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.

Bitcoin not a currency? South Africa to regulate crypto as financial asset

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

Vermont becomes the sixth US state to launch investigation against Celsius

The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products.

‘Hypocrisy’: Judge denies SEC motion to keep Hinman docs secret in Ripple case

The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it.

Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets

The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided "meaningful cooperation" with the liquidators.

California regulator investigating crypto interest accounts

The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager.

US Treasury study finds CBDCs a plus for commercial bank stability

Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.

Image