Regulations
California Regulator Targets 11 Crypto Trading Desks Operating Like 'Ponzis'
California's financial regulator brought enforcement actions against 11 little-known crypto companies Tuesday, alleging they stole customer funds or operated like Ponzi schemes.
Interpreting the CFTC’s Lawsuit Against Ooki DAO
The CFTC sent shockwaves through the U.S. crypto industry by suing a DAO, but it doesn’t actually seem to be questioning decentralization.
Blockchain Securities Trading Doesn’t Need More Rule Changes, EU Agency Says
Incumbents and newcomers are lining up to take part in a distributed ledger pilot from March, ESMA said
US Fed Chair Powell Urges Caution on Regulating DeFi
Some policymakers are keen to press new rules on the decentralized finance sector following the collapse of Do Kwon's terraUSD stablecoin.
French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
The Bank of France is looking at a wholesale central bank digital currency that would be used by banks and financial markets.
S. Korean Authorities Look to Freeze $67M Bitcoin Tied to Terra's Do Kwon
Interpol has issued a Red Notice for Kwon's provisional arrest pending extradition, as a worldwide search for the Terraform Labs co-founder continues.
Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting
Friedman LLP, a New York-based accounting firm that provided auditing services for the stablecoin issuer in 2017 is accused of “serial violations of the federal securities laws” and “improper professional conduct.”
CFTC’s Ooki DAO Action Shatters Illusion of Regulator-Proof Protocol
The action raises still-unanswered questions about who is culpable when a DAO commits a crime – will casting a vote with a governance token be seen as a smoking gun?
ECB Exploring Distributed Ledger Technology for Interbank Settlements: Panetta
A system that builds on existing interbank settlement infrastructure instead of one based entirely on DLT can be implemented "more rapidly" according to ECB executive board member Fabio Panetta.
California 'BitLicense' Bill Vetoed by Gov. Gavin Newsom
The bill would have created a crypto licensing regime and set up rules for stablecoins.
