Regulations
FTX Being Advised by Cybersecurity Firm Sygnia on Hack Inquiry, CEO Ray Says
The crypto exchange’s current chief executive blasted weak cybersecurity controls at the company under Sam Bankman-Fried’s leadership.
Hong Kong Regulator Wants to Beef Up Its Staff Covering Virtual Assets
Hong Kong's Securities and Futures Commission (SFC) wants to expand its team to deal with licensing applications for the incoming VASP regime.
Italy Setting Up Crypto Environment That Meets EU's New Laws, Central Bank Governor Says
Even though surveys show only about 2% of households own crypto, regulators are bracing for the EU's Markets in Crypto Assets (MiCA) rules for service providers.
UK Financial Regulator Warns Crypto Firms of Jail Time for Unauthorized Ads
The rules aren’t set in stone but will mirror those for other high-risk investments, the Financial Conduct Authority said.
South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms
Financial regulators in South Korea are working to bring security tokens into the scope of the country's capital markets rules.
The White House Is Concerned About Crypto
U.S. President Joe Biden’s White House published a statement on implementing safeguards for cryptocurrencies.
US CFTC Chief Promises More ‘Precedent-Setting’ Crypto Enforcement Cases
Commission Chairman Behnam says his agency is gearing up for another year of significant actions in the crypto industry as he tries to ramp up his enforcement staff.
Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto
Nigerians are paying a premium, but probably more for the stability of the U.S. dollar than for bitcoin, an analyst told CoinDesk.
US Senate Banking Committee to Hold ‘Crypto Crash’ Hearing This Month
Committee Chairman Sherrod Brown announced the hearing on digital assets safeguards for Feb. 14.
UK Crypto Rules Set a Modest Post-Brexit Divergence From the European Union
The industry is keenly watching divergences from Brussels in areas like stablecoins, lending and bitcoin disclosures.
