Legal & Regulation

Legal & Regulation
G-7 Calls for ‘Consistent and Comprehensive’ Crypto Regulation
May 19, 2022

Financial leaders from the Group of Seven (G-7) have called for the Financial Stability Board to develop “consistent and comprehensive” cryptocurrency regulation, Reuters reported Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
UK FCA Will Fight Fraud by Canceling Permissions in 28 Days
May 19, 2022

The U.K. Financial Conduct Authority (FCA) announced on Thursday (May 19) that it will use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. The regulator will be able to cancel any permission given to a regulated entity,...

Legal & Regulation
Today in TechREG: CFTC Chair Signals Added Crypto Enforcement; UK Financial Regulator Gets More Powers...
May 19, 2022

Today in technology regulation, the Commodity Futures Trading Commission (CFTC) eyes cryptocurrency enforcement, while the United Kingdom’s financial regulator plans to use new powers to strip permissions from regulated companies that are not using them in an attempt to reduce fraud and scams. Plus, the...

ANTITRUST
DOJ To Increase Antitrust Scrutiny Over Buyout Deals
May 19, 2022

Jonathan Kanter, head of the Department of Justice (DOJ) Antitrust Division, has warned buyout firms that they may be subject to tougher regulatory review if future deals have the potential to harm the American economy.  Get the Full Story Complete the form to unlock this...

Legal & Regulation
EU Regulator Launches PSD3, Open Finance Consultations
May 18, 2022

The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The same day, the EU regulator also published two targeted consultations, one on technical matters related to PSD2 and another on open finance. ...

Legal & Regulation
SEC’s Gensler Asks Congress to Fund Crypto and AI Enforcement
May 18, 2022

For the last few months, Gary Gensler, chair of the Securities and Exchange Commission (SEC), has been calling for more regulation and promised to step up enforcement actions to protect investors. Yesterday, he asked Congress to help him fund these efforts. Gensler also explained the...

Legal & Regulation
Crypto Regulation on Agenda of Meeting of G-7 Finance Heads
May 17, 2022

Crypto asset regulation will be a topic of talk among the Group of Seven, according to French central bank head Francois Villeroy de Galhau, Reuters reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Crypto Industry Flexes Lobbying Muscle in US Politics
May 17, 2022

U.S. Rep. Ritchie Torres, a New York Democrat who sits on the House Financial Services Committee, said New Yorkers should support the cryptocurrency market, CNBC reported Tuesday (May 17) — though reports have him benefiting tremendously from crypto donors. Get the Full Story Complete the...

CFPB
CFPB Warns Businesses Not to Misrepresent FDIC Insurance
May 17, 2022

The Consumer Financial Protection Bureau (CFPB) is looking out for consumers at risk of succumbing to false advertising stemming from misusing the Federal Deposit Insurance Corporation (FDIC) name or logo, a CFPB press release said Tuesday (May 17). Get the Full Story Complete the form...