Tag: Regulations

Global financial watchdogs are set to lay out a firm framework to regulate the crypto industry in early 2023 and implement it quickly. The secretary-general of the Financial Stability Board (FSB), Dietrich Domanski, told The FT there is ‘strong agreement’ on a framework for digital asset rules. While the EU, the UAE, and other countries…

The Middle East, where crypto use is growing fastest, offers the starkest contrasts between cryptocurrency’s origins as anti-government money and the growing desire of governments to use the technology to modernize markets and monitor financial activity – writes Ben Schreckinger on POLITICO. At high-powered business gatherings this week, government officials and executives here highlighted their…

The world’s largest crypto exchange Binance has secured permission from financial regulators in Abu Dhabi to operate as a crypto custodian for institutional clients. This is the latest crypto license for the company in the UAE. Binance received the regulatory nod from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This body is a unit of…

US financial regulators are investigating whether embattled crypto exchange FTX properly handled customer funds and its relationship with other parts of the business empire of Sam Bankman-Fried, Bloomberg sources reported. The SEC also scrutinizes Binance’s move to buy FTX. The investigations by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission…

Indian Finance Minister Nirmala Sitharaman said crypto assets regulation should be an international priority and will be a hot topic at a summit next month, opening India’s yearlong presidency of the Group of 20 nations. The country will host the annual G-20 summit next year and thus help shape the agenda. Speaking at an annual…

The European Union (EU) released a package of documents related to an action plan for implementing the European Green Deal and the REPowerEU Plan, which aim at energy savings by digitalizing the energy sector. In place of PoW mining, the EU plans to increase the Proof of Stake (PoS) concentration in the bloc. According to…