Robinhood Crypto Fined $30 Million by New York Regulator
Robinhood Crypto – the cryptocurrency-focused unit of the online brokerage firm – has been slapped with a $30 million fine by the New York State Department of Financial Services (NYDFS).…
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Huobi Receives Regulatory Approval in Australia (Report)
The Aussie financial regulators reportedly greenlighted one of the leading cryptocurrency platforms – Huobi Group – to register as a digital currency exchange provider in the country. This is the…
Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity…
European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space
Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is…
European Banking Authority is Concerned About The Lack Of Crypto Experts
On July 27, José Manuel Campa, president of the European Banking Authority (EBA), said that he was “concerned” that the EBA could not comply with the regulations ordered by the…
Russia Gears Up to Regulate NFTs Through Legislative Amendments
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has…
Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The…
Stablecoin Bill Delayed to September After Treasury Raises Concerns
The House Financial Services Committee has pushed back its long-awaited stablecoin bill to September following objections from Treasury Secretary Janet Yellen. This will delay congressional discussions on the subject until…
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets…
Taiwan to Prohibit Purchasing Crypto With Credit Cards (Report)
Taiwan’s Financial Supervisory Commission (FSC) believes cryptocurrencies are risky and speculative assets. As a result, the regulator intends to prohibit the use of credit cards for crypto purchases. Taiwan to…
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