oversight

01 Jun 23

EBA emphasizes the need for crypto oversight

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Banking Authority (EBA) is pushing for an expansion of its guidelines on money laundering and terrorist financing risk factors to encompass “crypto-asset service providers.” The European Union’s financial regulator asserted that these guidelines should incorporate cautions regarding transactions involving […]

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16 Apr 23

US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is […]

08 Feb 23

SEC to tighten oversight over crypto investment advisors

The US financial watchdog has issued a notice entailing tighter scrutiny of crypto brokers and financial advisers giving crypto investment services this year. The United States Securities and Exchange Commission (SEC) has announced that the securities market will face new rules governing crypto brokers and investment advisers giving clients financial advice on cryptocurrencies. In the […]

06 Feb 23

Hong Kong regulator expands crypto oversight team

A Feb. 6 filed report highlighted Hong Kong’s securities and futures commission’s plans to hire additional staff to provide a better supervisory role to virtual asset service providers in Hong Kong. Until recently, only professional or retail investors with portfolios worth at least HK $8 million could use trading platforms regulated in Hong Kong. But […]