Regulatory (48)

Regulators Make Call for Input on Growing Use of AI in Banking


A cohort of federal regulatory agencies in the U.S. is seeking input regarding the future of artificial intelligence in financial institutions, according to the entities. The groups are asking the public to weigh in on a number of considerations, including customer service, fraud prevention, credit underwriting and other financial operations.


Crypto Market Seems to Like the Idea of SEC Chairman Gensler

The cryptocurrency market hit a $1.7 trillion market cap as the Senate Banking Committee gave its endorsement of Gary Gensler, President Joe Biden’s nominee to head the Securities and Exchange Commission. So reports Finance Magnates.


Gensler Tips Hand on How He’ll Treat Crypto If Confirmed to SEC Post

Gary Gensler, President Joe Biden’s prospective pick to lead the U.S. Securities and Exchange Commission, said he is open to the idea of digital currencies, but warns investors must be “adequately protected.” So reports Fox Business.


China Lays Out 5-year Regulatory Plan Aimed at Curbing Fintech Consolidation

In an effort to combat monopolies and bolster risk control, China is planning “special and innovative regulatory measures” on fintech giants like Ant Group Co. So reports Bloomberg.


Australian Senator: 'The Future is Technology By Blockchain'

Australian Sen. Andrew Bragg said blockchain technology will be a useful tool to mitigate myriad regulatory issues including those involving financial compliance and transparency. So reports Cointelegraph.


DOJ Issues New Framework Taking Hard Look at Cryptocurrency Crime

The Department of Justice (DOJ) has released a detailed new framework enumerating its stance on how to handle cryptocurrency-related terrorist threats and other cybercrimes.


Protecting Consumers: Crypto Derivatives Ban in UK, CFTC Enforcement Record

In its sweeping final ruling, the UK’s Financial Conduct Authority (FCA) has decided to ban the sale of cryptocurrency-related derivatives and exchange traded notes to retail customers. According to information from the regulator, these products are “ill-suited” for sale to retail customers since they cannot be “reliably valued” by these customers.


New Blockchain Legislation Calls for More FTC Oversight: Report

The U.S. House of Representatives has passed an updated version of the Consumer Safety Technology Act that now includes new language about digital assets and blockchain technology. So reports Cointelegraph.


IRS Puts Crypto Question in Prominent Spot on 1040 Form in 'Unprecedented' Move

Changes to 2020 tax filing forms will make it easier for the IRS to identify cryptocurrency holders. So reports The Wall Street Journal.


NY Looking at Rules to Make Using Cryptocurrency Easier

The New York State Department of Financial Services is exploring new rules that could make it easier to use cryptocurrency in the state. So reports The New York Post.


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