Regulatory (45)

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.


Rulemakers Look to Tech, Cooperation to Tighten Operations

The Financial Industry Regulation Authority (FINRA) approved a plan to improve its enforcement technology platform during a two-day Board of Governor’s meeting earlier this month. According to FINRA, the board approved a new, three-year Enforcement Digital Transformation initiative aimed at improving workflow efficiency and cutting costs.


Acting Comptroller of the Currency Making Waves with Fintech, Banking Policy

Newly minted Acting Comptroller of the Currency Brian Brooks is pushing for new charters specifically catering to payment companies and other fintechs as well as new rules governing fintech-bank relationships. So reports Bloomberg Law.


French, NY Regulators Team up to Speed Fintechs to Market

French and American regulators have agreed to work toward making it easier for fintech innovators to crack their respective markets. So reports Coindesk.


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