South Korean Regulators To Toughen Crypto Fraud Punishments
South Korean Regulators plan to strengthen regulations, with safeguarding investors in virtual assets, and toughening the penalties.. Local media reports that the Financial Services Commission (FSC) and the National Assembly are working to pass a bill that would allow financial authorities to supervise cryptocurrency exchanges and monitor unfair trade practices like the use of confidential […]
EU Commissioner implores legislators to speed up crypto regulatory efforts
The EU commissioner for financial services implores its American counterparts to hurry up with crypto regulatory efforts in order to ensure that the upcoming regulations will be global, not local. Mairead McGuinness, commissioner for financial services at the European Union (EU), highlighted to the Financial Times on October 18 that the regulatory initiatives should have […]
Ava Labs CEO Refutes CryptoLeaks’ Allegations
The CEO’s remarks follow claims made in a blog post by CryptoLeaks that Ava Labs had a “secret contract” with a U.S. legal firm to sue rivals in return for AVAX tokens and ownership. Emin Gün Sirer, CEO of Ava Labs, has rejected as “conspiracy theory gibberish ” shocking charges made by CryptoLeaks that his […]
NYDIG study shows effect of regulation on BTC price
New York Digital Investment Group (NYDIG), a financial services company has quantified the impact of regulation on the global price of Bitcoin (BTC) in a recent study. Following regulatory developments affecting digital asset taxes, accounting, and payments, as well as determinations on the legitimacy of service providers and the digital assets themselves, NYDIG regularly examined […]
Gibraltar launches virtual asset regulation for financial service providers
Gibraltar has enacted new regulations for virtual assets and distributed ledger technology (DLT) service providers in a bid to face market manipulation and insider trading threats. Gibraltar’s government issued the 10th Regulatory Principle of the country’s financial services regulation on April 27. The information is contained in a Guidance Note issued by the Gibraltar Financial […]