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Category: Regulatory Developments

  1. Home
  2. Bobs-News Categories
  3. Archive by category : "Regulatory Developments"
  4. Page 52
  • bob
  • 2023-12-15
  • Asia
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Regulatory Developments

Kazakhstan’s Digital Tenge Pilot Project Declared a Success, Sets Stage for Future Enhancements

The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has successfully completed a month-long pilot project. The pilot run involved various initiatives, including providing schoolchildren with free lunches in Almaty using the local Onay! card, originally designed for the transit system. The Kazpost postal system operator facilitated these transactions.During the pilot, plastic cards were issued […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Coinbase Plans Legal Action Against SEC Over Denial of Regulatory Rules for Cryptocurrency Transactions

Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules for cryptocurrency transactions. Coinbase’s chief legal officer, Paul Grewal, criticized the SEC’s decision, calling it an “abdication of its duty.” Grewal highlighted the need for regulatory clarity […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Innovations
  • Investment Insights
  • North America
  • Regulatory Developments

SEC Holds Discussions with Asset Managers on Spot Bitcoin ETF Approval

The Securities and Exchange Commission (SEC) has engaged in discussions with asset managers regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. The recent meetings included officials from Gary Gensler’s office, indicating a heightened level of attention from the regulator.BlackRock, one of the asset managers, held a meeting with […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

SEC Denies Coinbase’s Petition for Cryptocurrency Securities Rulemaking

The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities. The petition, which was filed in July 2022, requested rules to regulate securities offered and traded through digital methods.SEC chair Gary Gensler announced the commission’s decision in […]

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  • bob
  • 2023-12-15
  • Asia
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Regulatory Developments

Central Bank Governor Urges Development of CBDCs to Counter Stablecoin Threat

Bank of Korea Governor Chang-yong Rhee has expressed concerns about the rise of stablecoins and their potential impact on central bank money and monetary policies. Speaking at a conference on digital money in Seoul, Rhee emphasized the need for central banks to issue their own digital currencies to counter this threat. He highlighted two main […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

SEC Denies Coinbase’s Crypto Rulemaking Petition, Chair Gensler Supports Decision

The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

SEC Denies Coinbase’s Request for New Crypto Regulation, Citing Existing Rules

The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto securities markets. Coinbase had filed a petition seeking regulatory clarity and a “yes or no” answer from the SEC, but the agency refused to […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

SEC Denies Coinbase’s Crypto Rulemaking Petition, Chair Gensler Supports Decision

The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Regulations
  • Investment Insights
  • North America
  • Regulatory Developments

SEC Chair Signals Reevaluation of Spot Bitcoin ETFs

The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the regulatory body is reevaluating its stance on spot Bitcoin exchange-traded funds (ETFs). Gensler mentioned that recent court rulings in the District of Columbia have prompted the SEC to take a fresh look at these applications. Historically, the SEC has […]

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  • bob
  • 2023-12-15
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • North America
  • Regulatory Developments

New SEC Cybersecurity Disclosure Rules Impact Public Crypto Companies

The Securities and Exchange Commission (SEC) is implementing new disclosure requirements for public companies regarding material cybersecurity incidents. These requirements aim to provide investors with timely and consistent information about risks that can cause significant losses. The rules have two components: companies must disclose material cybersecurity incidents within four business days of determining their materiality, […]

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