regulation - search results

The SEC has reached a settlement agreement with ShapeShift. SEC Commissioners Hester Peirce and Mark Uyeda expressed their opposition to the SEC's enforcement action.

The United Kingdom is taking a significant step towards regulating cryptocurrency by banning free promotional NFT and crypto airdrops that encourage investment. The Financial Conduct Authority (FCA) has announced that the new rules are set to come into effect on October 8, 2023​.

Cryptocurrency accountants play a crucial role in navigating the complex landscape of digital finance, offering vital services from tax liability calculation and compliance to strategic advisory for individuals and businesses engaging with cryptocurrencies.

In a significant leap towards the future of finance, the Bank of China's investment banking arm, BOCI, and Swiss banking giant UBS have come together to make a monumental move - the issuance of a fully digital tokenised security in Hong Kong. A first for a Chinese financial institution, this event marks the dawning of a new era in the financial sector, underscoring the transformative potential of blockchain technology and tokenised securities.

As it grapples with the ever-tightening leash of American crypto enforcement, Binance sets its sights on UK regulation, a significant pivot in its strategic blueprint. In a candid admission of the trying circumstances in the US market, Binance's top strategy executive concedes to the mounting difficulties that the crypto giant is facing.

The recent FT Live Conference on crypto and digital assets was a treasure trove of insights, offering a kaleidoscope of perspectives from industry leaders who are shaping the future of the digital economy. Their collective wisdom, delivered through engaging discussions and thought-provoking debates, painted a comprehensive picture of the evolving crypto landscape. As an invited press participant, YFarmX is delighted to share a recap of the event, and shed light on the opportunities and challenges that lie ahead.

Do Kwon, the former CEO of Terraform Labs and co-founder of the Terra blockchain ecosystem, has been arrested in Montenegro, according to a series of tweets by the country's Minister of Interior, Filip Adzic. Do Kwon's arrest has sent shockwaves through the crypto community, leading to a significant drop in the value of Terra's native LUNA tokens.

The United Kingdom’s tax authority, Her Majesty's Revenue and Customs (HMRC), has made it mandatory for individuals to declare their cryptocurrency holdings in their tax returns, making it a separate category in the tax form. The new crypto tax UK rule, which takes effect tax year 2024-25, is aimed at improving transparency and preventing tax evasion in the crypto industry.

Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), has suggested that proof-of-stake (PoS) tokens may be considered securities under US law. Gensler made these remarks during a virtual conference hosted by the American Bar Association, where he discussed a range of topics related to cryptocurrency regulation.