Federal regulators are set to issue a proposal that would — among other things — require large hedge funds to reveal their cryptocurrency exposure. The U.S. Securities and Exchange Commission (SEC) voted Wednesday (Aug. 10) to propose amendments to Form PF, a confidential reporting form....
Rep. Maxine Waters (D-Calif.) has said credit reporting firm Equifax and its leaders should be held accountable for selling erroneous credit scores to lenders, and should be prevented from selling reports until it proves problems were fixed and controls are in place. “I urge you...
Former federal prosecutor Grant Fondo has said legislation that aims to provide clarity on which U.S. agency should be in charge of crypto regulation isn’t getting the job done yet. Fondo, who at one time was a prosecutor for the Northern District of California, said...
Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times of crisis, which could slow down some pending mergers. Both the Federal Reserve and the Office of the Comptroller of...
The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of anti-money laundering (AML) and cybersecurity regulations, The Wall Street Journal (WSJ) reported Tuesday (Aug. 2). The New York State financial...
Businesses in India with an annual turnover of Rs 10 crore and above will be mandated to use electronic invoicing as of Oct. 1 in a move by the Central Board of Indirect Taxes and Customs (CBIC) intended to plug revenue leakages and facilitate compliance. Currently, eInvoices...
There are reportedly “major concerns” among European regulatory officials about the ability to hire specialized staff to help regulate crypto. Authorities worry about how they will be able to supervise digital asset markets. José Manuel Campa, chair of the European Banking Authority, said that organization...
Ex-Commodity Futures Trading Commission (CFTC) chief Chris Giancarlo has said the European Union’s Markets in Crypto Assets (MiCA) bill might end up exporting European crypto regulation and damage U.S. chances at making more concrete rules. Speaking at a summit Thursday (July 28), Giancarlo said he...
The European Commission is mulling the idea of a new directorate seeking to rein in Big Tech, which could be headed up by two top antitrust officials. According to a Reuters report Thursday (July 28), the move could help alleviate concerns associated with the European...
