Regulations


Policy

Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes

Holdings of unbacked crypto like bitcoin and algorithmic stablecoins would be limited to 1% of a lender’s capital under the standard setter's new plans put out for consultation Thursday.

Basilea, Suiza, sede del Banco de Pagos Internacionales (trabantos/Getty Images)

Policy

Hurry Up With Crypto ID Checks, FATF Tells Countries

After the potentially privacy-busting "travel rule" for crypto transfers, global standard setters at the Financial Action Task Force have their eyes on DeFi, NFTs and unhosted wallets.

The Financial Action Task Force wants to outlaw dirty money flows through crypto. (Richard Levine/Corbis/ Getty Images)

Policy

Grayscale Sues SEC Over Bitcoin ETF Application Rejection

The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.

Grayscale CEO Michael Sonnenshein speaks at Consensus: Invest 2018. (CoinDesk archives)

Policy

DeFi Shouldn't Be Regulated, Crypto Advocates Tell UK Regulator

The advice comes from those who participated in a forum the Financial Conduct Authority held to hear from the digital assets industry.

(Piotr Swat/Shutterstock)

Policy

Influencers Are Responsible for 92% of Crypto Ad Violations in India, Report Says

Violations included not carrying a required disclaimer or paid partnership tag on the ad, according to the Advertising Standards Council of India.

A young Indian social media influencer recording his podcast on a mobile phone. (lakshmiprasad S/Getty Images)

Policy

Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank.

Cecilia Skingsley, deputy governor at Sveriges Riksbank said governments could complicate CBDC interoperability. (BIS)

Policy

‘Crypto Dad’ Chris Giancarlo Knighted by French Government

The former chief of the U.S. CFTC and avowed crypto advocate was recognized by French President Emmanuel Macron in part for embracing “crypto finance.”

J. Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission, accepts a French knighthood (Giancarlo family)

Policy

US Wants to Promote 'Responsible Innovation,' Deputy Treasury Secretary Says

Adewale Adeyemo oversees much of the U.S. Treasury Department’s crypto work. He spoke to CoinDesk at Consensus about what he’s seeing and how he’s approaching the sector.

Deputy Treasury Secretary Adewale Adeyemo (ShutterStock for CoinDesk)

Policy

NFT, Private Wallet Fates Hang on EU Crypto Talks This Week

Officials could this week finalize controversial privacy and licensing rules for the sector – once they decide how to treat NFTs and unhosted wallets.

The European Parliament is set to make key decisions on crypto privacy and NFTs this week. (Laura Zulian Photography/Getty Images)

Policy

Stablecoins Could Still Dominate Post-Terra, S&P Says

Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.

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