Regulations
Crypto Banking Rules Could Be Modified if Market Reacts, Basel Committee Chair Says
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky
Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam
The CFTC on Monday filed suit against the crypto exchange and CEO Changpeng Zhao.
EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets
Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal
Federal regulators previously objected to the proposed sale.
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.
EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments
Anti-money laundering plans seen by CoinDesk have slightly liberalized, but would ban anonymous crypto transfers of more than 1,000 euros.
EU Smart Contract Regulations Included in Council’s Data Act Draft
Some worry the text, a version of which was already agreed on by the European Parliament, will prove impossible to meet for most smart contracts.
Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry
Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the sustainability of a crypto-focused bank.
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
The first U.S. rule for crypto accounting would aim at giving investors a better sense of a company’s digital assets through a “fair-value” approach.
