regulation - page 26

Robinhood Reaches $10.2 Million Settlement on March 2020 Platform Outage
Fintech & Ecommerce

Robinhood Reaches $10.2 Million Settlement on March 2020 Platform Outage

The American financial company Robinhood has reached an agreement with state securities regulators regarding the settlement of a situation related to operational and technical failures.

French Lawmakers Propose Banning Crypto Promotions by Influencers
News

French Lawmakers Propose Banning Crypto Promotions by Influencers

French legislators have introduced a proposal to prohibit influencers from promoting crypto and other risky financial products. Significant fines and even prison sentences are considered as punishment

BoE Plans to Change SMB Lending
News

BoE Plans to Change SMB Lending

Bank of England has revealed its plans to change the capital treatment for small business (SMB) lending, calling for a more risk-based approach

UK Tax Authorities Change the Way Crypto Profits Should Be Filed
Blockchain & Crypto

UK Tax Authorities Change the Way Crypto Profits Should Be Filed

The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately

Australian Taxation Office Implements Crypto Monitoring
Finance & Economics

Australian Taxation Office Implements Crypto Monitoring

The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool

Biden Budget Proposes Crypto Mining Tax
Blockchain & Crypto

Biden Budget Proposes Crypto Mining Tax

A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process

Central Bank of Nigeria Releases Open Banking Guidelines
News

Central Bank of Nigeria Releases Open Banking Guidelines

The newly released operational guidelines from the Central Bank of Nigeria clarify responsibilities and expectations for the open banking ecosystem participants in the country

EBA to Crack Down on Banks Ignoring Gender Diversity
News

EBA to Crack Down on Banks Ignoring Gender Diversity

EBA noted the painfully slow progress of banks and investment firms in improving gender diversity policies and announced it wants supervisors across the EU to crack down on those non-compliers

Hong Kong Welcomes Crypto Trading With New Policies
Finance & Economics

Hong Kong Welcomes Crypto Trading With New Policies

Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry

Crypto Outflows Surge Amid SEC Crackdown
Blockchain & Crypto

Crypto Outflows Surge Amid SEC Crackdown

Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services

The Bank of Zambia Works on Crypto Regulation
Finance & Economics

The Bank of Zambia Works on Crypto Regulation

The Bank of Zambia along with the national Security Exchange Commission is testing technology to enable the regulation of cryptocurrency in the country

SEC Proposes Tougher Rules for Crypto Custodians
News

SEC Proposes Tougher Rules for Crypto Custodians

US Securities and Exchange Commission proposed amendments to the “2009 Custody Rule” that will apply to custodians of “all assets” including cryptocurrencies

New York Regulators Crackdown on Binance
News

New York Regulators Crackdown on Binance

The company’s complaints to the New York regulator were followed by Paxos being ordered to cease minting Binance BUSD stablecoin.

DBS Bank to Offer Crypto Trading in Hong Kong
Finance & Economics

DBS Bank to Offer Crypto Trading in Hong Kong

One of the largest financial institutions in Southeast Asia, DBS Bank is planning to expand its crypto trading services to Hong Kong as soon as it gets the necessary license

KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
News

KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge

KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months

Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Finance & Economics

Dubai Releases Crypto Regulations for Virtual Asset Services Providers

Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.