Regulations


Markets

Distributed Ledgers Included in Tech Bill Passed by US Senate

The bill gives a nod toward blockchain and now moves to the House.

Sen. Chuck Schumer is the lead sponsor of the Endless Frontier Act.

Markets

Paraguay May Be Next to Court Crypto Businesses With July Bill

Paraguay Congressman Carlos Rejala hopes to draw crypto businesses to the South American nation with a new bill next month.

Bandera de Paraguay. (Alex Steffler/Wikimedia Commons)

Markets

World Economic Forum Hopes to Explain DeFi for Regulators With White Paper

The World Economic Forum’s new white paper is meant to act as a toolkit for regulators looking to understand the decentralized finance sector.

The World Economic Forum published a DeFi toolkit.

Markets

New OCC Head Doesn't Rule Anything Out in Digital Asset Guidance Review

The Office of the Comptroller of the Currency is reviewing all of the digital asset guidance issued under the leadership of former Acting Comptroller Brian Brooks.

Acting Comptroller Michael Hsu

Policy

State of Crypto: What Regulators Said at Consensus 2021

Regulators are getting more involved in crypto, or so they said at this year's Consensus event.

Federal Reserve Governor Lael Brainard detailed the policy considerations around a digital dollar on Monday.

Policy

White House Cyber Adviser Highlights Potential for Misuse of Crypto

Carole House, the National Security Council’s director of cybersecurity, said crypto developers failed to hardcode necessary guardrails.

The White House cyber adviser C21

Policy

FinCEN's New Head Says Controversial Trump-Era Crypto Proposal Is Still Pending

"Nothing's been decided," says Michael Mosier, the former Chainalysis counsel who became acting head of the financial crime-fighting agency this year.

Acting FinCEN Director Michael Mosier said "nothing's been decided" about a controversial data collection rule during Consensus 2021.

Markets

South Korea’s Crypto Legal Framework Is Insufficient, Lawmaker Says

Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance.

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Markets

Enforcing KYC, AML Laws Is Key to Reducing Ransomware Attacks: Task Force

Existing AML/KYC laws could reduce ransomware proliferation, but it would require an international effort.

The Ransomware Task Force report warned an international effort would be needed to properly combat a growing ransomware threat.

Policy

South Korea's Top Financial Regulator Suggests All Crypto Exchanges Could Be Shut Down

Eun Sung-soo, head of South Korea's chief financial services regulator, said no crypto exchange had applied for its VASP license.

Eun Sung-soo, head of South Korea's Financial Services Commission, said all of the nation's crypto exchanges could be shut down by this fall.