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Regulatory

Regulatory (163)

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

Thursday, 18 June 2020
Regulatory
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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.

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French, NY Regulators Team up to Speed Fintechs to Market

Wednesday, 10 June 2020
Regulatory
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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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CFPB Gives Green Light On 'No-action' Templates to Bolster Innovation

Sunday, 31 May 2020
Regulatory
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The Consumer Financial Protection Bureau (CFPB) issued two separate “No-Action Letter Templates” with the hope of sparking innovation at a time when homeowners and consumers are struggling with the prolonged financial fallout of the COVID-19 health crisis. The letters are designed to provide regulatory clarity to relevant entities by providing assurances the CFPB will not take action against them, under a certain set of circumstances, for providing a particular service or product.

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FSB Takes Hard Stance On 'Stablecoins'

Thursday, 16 April 2020
Regulatory
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The Financial Stability Board is calling for a “unified global approach” to supervising fiat-pegged cryptocurrencies, or if that’s not possible, a potential ban on those so-called “stablecoins.” So reports CryptoBriefing.

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Under Self-quarantine, Arizona Rep. Introduces Cryptocurrency Bill

Monday, 16 March 2020
Regulatory
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Rep. Paul Gosar introduced “the Crypto-Currency Act of 2020” while under self-quarantine after reportedly being exposed to the coronavirus. So reports Bitcoin News.

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Crypto Causing a Tax 'Nightmare,' Expert Tells Congress

Saturday, 07 March 2020
Regulatory
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Cryptocurrency is causing a tax “nightmare,” said an expert testifying before Congress during the recent “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” meeting. So reports Cointelegraph.

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Ohio Man Indicted for Role in Alleged Dark Web, Bitcoin Laundering Scheme

Saturday, 15 February 2020
Regulatory
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Larry Dean Harmon, of Ohio, was arrested and indicted by a federal grand jury for his alleged role in a conspiracy to “launder monetary instruments,” among other crimes. So reports Cincinatti.com.

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Crypto Hard Forks and Holdings: What is the IRS is Up To?

Wednesday, 29 January 2020
Regulatory
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For the first time since 2014, the Internal Revenue Service (IRS) has issued new guidance on virtual currency transactions. To that end, its FAQ on virtual currency transactions was updated as taxpayers begin preparing to file ahead of April’s deadline.

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Fintech Crime Report: From Growing a Beard to the Rise of 'Frankenstein' Fraud

Friday, 24 January 2020
Regulatory
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The Securities and Exchange Commission (SEC) announced charges against a Canadian resident who allegedly created a fake identity to scam hundreds of investors out of millions of dollars with a bogus initial coin offering (ICO) scheme. The SEC complaint alleges violations to “antifraud and securities registration provisions of the federal securities laws.”

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California Budget Plan Aims to Fill Fintech Regs Gap Left by Feds

Thursday, 16 January 2020
Regulatory
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California Gov. Gavin Newsom is aiming to drastically change the state’s financial services oversight landscape, as some have expressed concerns the federal government has gotten too lax in its watchdog role.

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