erasmoporathjsh26

26 Jan 23

Crypto firms face uphill battle to meet FCA standards

In a concerning discovery, a new report from the Financial Conduct Authority (FCA) reveals that a staggering 85% of cryptocurrency firms who applied for a license with the regulator failed to meet its minimum standards. Published on Jan. 26, the report, which the Treasury committee of MPs commissioned, exposed a worrying lack of compliance with […]

26 Jan 23

White House wants feedback on digital asset policy

In its ongoing National Digital Assets Research and Development Agenda, the White House Office of Science and Technology Policy (OSTP) has gotten to a phase where it seeks feedback from individuals and organizations. Following the introduction of its comprehensive framework for the Responsible Development of Digital Assets, the OSTP acted on a presidential order to […]

26 Jan 23

Elizabeth Warren says crypto industry is afraid of strong SEC

US senator Elizabeth Warren, known as a formidable crypto opponent, believes that the industry fears strong regulation from SEC. Senator Elizabeth Warren of Massachusetts, while participating in a YouTube live stream, spoke strongly against the cryptocurrency sector. She urged the Security and Exchanges Commission (SEC) to put more effort into its fight against crypto fraud […]

25 Jan 23

Chief Judge denies third motion by Celsius clients

In a court order issued today by the United States Bankruptcy Court in the Southern District of New York, a motion filed by a former Celsius Earn Account Holder was denied. Users attempt to retrieve funds as Celsius announces recovery plan The denied motion filed by Rebecca Gallagher was an attempt to obtain a ruling […]

25 Jan 23

Controversy surrounds crypto adoption in China

According to recent reports, there are still controversies based on improving tax integration of the crypto ecosphere in China. This is due to research and data collection from the state’s revenue authorities, who are against the assets and believe they are risk factors. Crypto to be implemented in tax collection Chinese revenue authorities are reportedly […]

25 Jan 23

Arizona to exclude crypto assets from property tax

During the first session of the Arizona State Senate seating for 2023, the trio of senator Wendy Rogers, Sonny Borrelli, and Justine Wadsack considered taking the vote of Arizonians on the possibility of drafting a bill that adds virtual currency to the list of properties with tax exemptions. The draft (SCR 1007) described cryptocurrency as […]

25 Jan 23

France shifts its firm stand on crypto licensing

French lawmakers have voted to make it mandatory for bitcoin (BTC)-linked businesses in France to abide by strict consumer protection rules and comply with the statutes of the incoming MiCA regulation beginning in 2024. The global shock that came with the collapse of Sam Bankman-Fried’s FTX has made regulatory watchdogs across various jurisdictions sit up […]

24 Jan 23

Edinburgh reforms give hope to crypto investors

Lawmakers in Edinburgh, Scotland, are making concerted efforts to unlock the different investment and growth opportunities in the crypto sector. The authorities hope that having a regulatory framework will protect crypto consumer interests and consolidate confidence in the industry. The Financial Services and Markets (FSM) Bill has captured the current reforms for safeguarding crypto investors. […]

24 Jan 23

EU imposes strict regulations on banks holding crypto

European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding cryptocurrencies The European Union (E.U.) Parliament’s Economic and Monetary Affairs Committee has enforced increased capital requirements for any financial entity holding cryptocurrencies. According to […]

24 Jan 23

DCG and Barry Silbert hit with securities lawsuit

Digital Currency Group (DCG) and CEO Barry Silbert are facing a securities class action (SCA) lawsuit from a group of Genesis creditors. DCG and Barry Silbert faced with securities lawsuit The lawsuit was filed by Silver Golub & Teitell (SGT), a law firm based in Connecticut, on behalf of those who entered into lending agreements […]

Crypto firms face uphill battle to meet FCA standards

White House wants feedback on digital asset policy

Elizabeth Warren says crypto industry is afraid of strong SEC

Chief Judge denies third motion by Celsius clients

Controversy surrounds crypto adoption in China

Arizona to exclude crypto assets from property tax

France shifts its firm stand on crypto licensing

Edinburgh reforms give hope to crypto investors

EU imposes strict regulations on banks holding crypto

DCG and Barry Silbert hit with securities lawsuit

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