Regulations


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.

Markets

South Korea Kicks Off New Crackdown on Illicit Crypto Activities

The government's "special enforcement period" stems from a new crypto-related law that took effect this year.

South Korea's Office for Government Policy Coordination is planning a new enforcement action against illegal crypto activities.

Policy

State of Crypto: Unpacking Hester Peirce's Newest Safe Harbor Proposal

The revised Token Safe Harbor proposal defines what a successful project would look like.

A safe harbor would give crypto startups some breathing room as they launched their projects.

Markets

CipherTrace Wants to Introduce DEXs to Sanctions Compliance

The new tool uses an oracle on Chainlink to spot crypto wallet addresses on government watchlists.

CipherTrace's new tool would let developers create an API call to monitor for transactions to sanctioned addresses.

Markets

Abkhazia Bans Bitcoin Mining Shortly After Legalizing It

The troubled economy and extremely cheap electricity of Abkhazia attracted bitcoin mining, but now the government is cracking down.

Abkhazia is cracking down on crypto mining due to ongoing power shortages.