Category: Regulation
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“Crypto Is Not A Security,” SEC Chair Gary Gensler Told Students!
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SEC chief Gary Gensler was not always on a crusade against crypto. An old video even shows him claiming that most crypto assets are commodities. The video circulating on Twitter shows Gary Gensler giving a talk as part of a blockchain course at MIT in 2018. At the time, Gensler…
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MiCA: The EU Welcomes Crypto As Part Of Its Monetary System!
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While U.S. lawmakers and regulators struggle to deal with the crypto challenge, the EU has embraced crypto and made it part of the European financial system. Last week, the EU Parliament passed the Markets in Crypto-Assets (MiCA) framework establishing crypto as part of the European monetary system.
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Congressman Introduces Legislation To Fire Gary Gensler!
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Congressman Warren Davidson, Ohio’s 8th District in Congress, says he is introducing legislation to fire SEC Chairman Gary Gensler. An Executive Director role will replace the Securities and Exchange Commission (SEC) Chairman, and former chairs of the SEC will be ineligible, the Congressman said.
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Crypto.com Is No Longer Available In German Due To BaFin Investigation!
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Crypto.com has been unavailable in Germany for some time. The Singapore-based crypto exchange has announced that it will withdraw from the Federal Republic due to investigations by the German regulator BaFin.
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German Regulator Imposed Penalties On Auditor EY For Wirecard Scandal!
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The German subsidiary of the big four auditing firm EY must wait to undertake new audit mandates with public interest groups for two years. In addition, the state supervisory authority APAS imposed fined for EY and involved auditors.
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US OCC Appoints Prashant Bhardwaj To Head New Fintech Office!
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The U.S. Office of the Comptroller of the Currency (OCC) has established a new office of fintech and appointed Prashant Bhardwaj to head the department as deputy comptroller and chief financial technology officer.
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Bafin Investigates Crypto.com!
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Bafin has opened investigations against against Crypto.com that may have directed its offering to customers in Germany without sufficient permission. Meanwhile, Crypto.com is withdrawing from the German market.
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Alibaba Plans To Split Into Six Companies!
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The Chinese online retail giant Alibaba wants to split itself into six independent companies. This would transform the now monolithic tech giant Alibaba into a tech holding company, which is rare in China.
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Relio Receives A FinTech License And Wants To Digitize Business Accounts!
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After being awarded a fintech license, Swiss startup Relio plans to offer digital accounts for SME customers. Relio wants to reduce compliance efforts for customers.
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Jack Ma Resurfed In China After Successful Alibaba Restructuring!
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Before his return, Alibaba founder Jack Ma had been abroad for over a year. The billionaire’s relationship with Chinese authorities is strained. Now, he has reappeared in China for the first time. The Hong Kong newspaper South China Morning Post, which he owns, reported that Ma visited a school in…