Regulations


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.

Policy

S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges

South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.

Seoul, South Korea

Policy

State of Crypto: FATF's New Guidance Takes Aim at DeFi

The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.

(Hervé Cortinat/OECD, modified by CoinDesk)

Policy

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

USOCC logo

Policy

State of Crypto: NYDFS Hackathon Is 'Testament' to Crypto's Growth

NYDFS held a two-week event with crypto industry participants to evaluate ways of upgrading its data collection tools and practices.

Linda Lacewell

Finance

Former US Senator Joins Binance as Policy Adviser and Government Liaison

Baucus will guide the crypto exchange in its dealings with U.S. regulators.

Max Baucus, former U.S. senator and ambassador to China, is joining Binance as an adviser.

Policy

US Lawmakers Introduce Bill to Clarify Crypto Regulations

The proposed bill would create a working group to evaluate U.S. cryptocurrency regulations with input from the SEC and CFTC.

Rep. Patrick McHenry (R-N.C.)

Policy

Federal Credit Union Regulator Should Look at Crypto Rules, Official Says

The NCUA could look at the Office of the Comptroller of the Currency's crypto guidance as an example, Kyle Hauptman said.

U.S. Capitol

Policy

Gensler Straddles Innovation and Enforcement at Senate Hearing

Gary Gensler was careful to strike a balance between emphasizing regulating suspicious behavior as well as encouraging new innovations.

The Senate Banking Committee held a hearing to consider Gary Gensler's nomination to run the SEC on Tuesday.

Policy

Crypto Is Spared Scapegoat Treatment in US Hearing on Terror Financing

Witnesses didn't call for new domestic terror statutes or treat cryptocurrencies as a tool uniquely suited for illicit finance in a U.S. Congressional hearing Thursday.

Rep. Jim Himes (D-Conn.) organized Thursday's hearing on terrorist financing.