Regulatory

Regulatory (66)

Russia Moving Towards Broad Crypto-payments Legalization: Manturov

Russia’s Industry and Trade Minister Denis Manturov said the nation is expecting to legalize crypto payments “sooner or later,” indicating resolution of the matter may be nearing. So reports Bitcoinist.

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Congress Weighs Impact of AI’s Growing Adoption in RegTech Space  

Top finance officials expressed great uncertainty about the widespread adoption of artificial intelligence (AI) in the financial services industry at a recent congressional committee meeting focused on “RegTech.”

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CFPB Digs Deep to Protect Fintech Consumers with 'Dormant Authority' Decision

A U.S. financial regulatory agency is reaching to the bottom of its proverbial handbag to combat problematic nonbank lenders–at least that is what it is saying in light of a recent change in its oversight agenda.

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Chair of Senate Banking Committee Calls Out Fintech Banks for Lack of Regulation, Fraud Concerns

Sen. Sherrod Brown, chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, said in a recent interview he is skeptical of neo-banks like Chime since they do not operate under the same rules as legacy banks. So reports Business Insider.

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Powell to Lawmakers: Crypto Regs Could Help Prevent Sanctions Evasion

Fed Chair Pro Tempore Jerome Powell told lawmakers that Russia’s actions in Ukraine underscore the need for strong cryptocurrency regulations. So reports CoinDesk.

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Comptroller Hsu: Regulation, Reserves Can Put the 'Stable' in Stablecoins

Acting Comptroller Michael J. Hsu laid out his plan to ensure the viability of the oft-maligned stablecoin sector, and it predictably includes rigorous oversight and regulation.

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Regulators' 'Policy Sprint' Looks at How to Handle Crypto on Balance Sheets

Federal regulatory agencies released new guidance with respect to the banking industry’s nascent role in managing crypto assets.

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India Parliament Considers Near-full Crypto Ban

India is likely to ban “all but a few private cryptocurrencies” via a newly introduced financial regulation bill. So reports Euronews.

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Congress Mulls Adding Crypto Into 'Anti-abuse' Wash Rule

The U.S. government is again considering tinkering with crypto classifications, and the potential changes being mulled would have major implications regarding future tax liability should they come to fruition.

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U.S. Government Signals Full Crypto Integration All But Inevitable

This summer has proven to be a milestone month for fintech and cryptocurrency codification as broad-stroke regulation is being hammered out across the board.

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