Legal & Regulation

Legal & Regulation
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022

Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and its affiliated companies has affected their businesses. Get the Full Story Complete the form to unlock this article and enjoy...

Bank Regulation
US Treasury Promotes Bank-FinTech Partnerships
November 16, 2022

The U.S. Department of the Treasury issued a report Wednesday (Nov. 16) encouraging collaboration between banks and FinTechs, provided it is done responsibly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
The Bahamas Appoints Liquidators for FTX
November 15, 2022

The Securities Commission of the Bahamas — the country in which now-bankrupt cryptocurrency exchange FTX is headquartered — has announced the appointment of liquidators for the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Fed Vice Chair Brainard: Crypto Needs ‘Strong Regulatory Guardrails’
November 14, 2022

Noting the losses that retail investors have suffered in the cryptocurrency market, Federal Reserve Vice Chair Lael Brainard has reportedly reiterated her view that the market should be regulated like traditional finance, with “strong regulatory guardrails.”  Get the Full Story Complete the form to unlock...

Legal & Regulation
Report: DOJ Investigates FTX Collapse and Handling of Customer Funds
November 14, 2022

The U.S. Attorney’s Office for the Southern District of New York is reportedly investigating the collapse of cryptocurrency exchange FTX as well as the firm’s handling of its customers’ funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Rep. Waters: FTX.com Collapse Highlights ‘Urgent Need for Legislation’
November 10, 2022

The recent news around cryptocurrency exchange FTX.com has highlighted the need for legislation to protect consumers, Congresswoman Maxine Waters, chairwoman of the House Financial Services Committee, said Thursday (Nov. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Crypto Compliance Can Be Easier Than Regulatory Clarity
November 10, 2022

When it comes to selling compliance services in the blockchain business, the two most difficult tasks are educating clients from financial institutions about what it is and then convincing them that for all the claims of crypto’s anonymity, it is easier than it sounds. Get...

Legal & Regulation
Russian Central Bank Eyes Digital Asset Rules
November 08, 2022

Russia’s central bank is reportedly considering new regulations and rules for taxing non-fungible tokens (NFTs), smart contracts and trading digital assets.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
EC Proposes Changing Market Definition to Consider Digital Ecosystems
November 08, 2022

The European Commission has published proposed changes to the European Union’s Market Definition Notice and asked for anyone interested to comment on the draft. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...