Crypto Frontline

Latest Regulation News at Crypto Frontline

    US Treasury Secretary Yellen Shares New Info on Crypto and Regulation

US Treasury Secretary Yellen Shares New Info on Crypto and Regulation

During a financial sector innovation roundtable that took place on Wednesday, February 10th, the new US Treasury Secretary Janet Yellen made several remarks related to cryptocurrency and financial technologies, reaffirming that public institutions around the Western World are reluctant to embrace an unregulated crypto industry. The issue of cryptocurrency regulation

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    Joe Biden Signs Memorandum with Impact on FinCEN and Crypto

Joe Biden Signs Memorandum with Impact on FinCEN and Crypto

From the first day in office, the new US President signed multiple executive orders and made different decisions impacting a broad range of industries. According to a White House Memorandum for the heads of various federal agencies, though, it seems like there are some positive impacts with regards to crypto

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    More Clarity Provided on Ripple’s Regulatory Hurdles

More Clarity Provided on Ripple’s Regulatory Hurdles

XRP buyers got hurt during the past most as the SEC announced a $1.3 billion lawsuit against the company, generating multiple concerns inside the community, especially after many large exchange platforms have delisted or suspended the token from their list. Brad Garlinghouse, Ripple’s CEO, revealed several important details on its

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    The ECB Forum Ended with New Hints Related to CBDCs

The ECB Forum Ended with New Hints Related to CBDCs

The ECB Forum took place yesterday and Fed’s Powell, BOE’s Bailey, and ECB’s Lagarde were in the spotlight as the financial markets were awaiting new important comments. Although the event was mainly focused on the pandemic, economic recovery, and central banks’ response, there were several hints related to CBDCs during

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    FinCEN and the US FED Want Stricter AML Rules

FinCEN and the US FED Want Stricter AML Rules

An October 23rd, 2020 joint press release from the Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve highlights a proposed rule to amend the recordkeeping rule regulations under the Bank Secrecy Act. More specifically it will change the applicable threshold for international transactions subject to AML. Not too long

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    G7 Countries Set to Reject Global Stablecoins without Regulation

G7 Countries Set to Reject Global Stablecoins without Regulation

Even though stablecoins come with more advantages as opposed to traditional cryptocurrencies, reluctance from global regulators continues to be a major headwind for implementing such a project on a global scale. A recent report from Reuters is not favorable for projects like Facebook’s Libra, considering it assumes that G7 central

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    The European Commission Proposes “Passports” for Crypto Issuers

The European Commission Proposes “Passports” for Crypto Issuers

As cryptocurrencies continue to increase in popularity, the European Commission is out with a new piece of legislation that will apply for cryptocurrency assets issuers. According to the latest information from Reuters, all crypto companies operating within the EU will need to comply with a comprehensive set of rules. Faced

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    US Treasury Sanctions Cyber Actors Involved in Crypto Theft

US Treasury Sanctions Cyber Actors Involved in Crypto Theft

The US Department of the Treasury, in coordination with the DoJ (Department of Justice) and DHS (Department of Homeland Security), had sanctioned Russian nationals in charge of sophisticated phishing campaigns in 2017 and 2018, according to the latest September 16th press release. Their actions had targeted customers of two US-based

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    PlusToken Ponzi Scheme Under the Radar of Chinese Authorities

PlusToken Ponzi Scheme Under the Radar of Chinese Authorities

The $5.8 billion crypto Ponzi scheme based in China continues to be one of the main headlines, after the arrest of 109 individuals associated with the project. According to Cointelegraph, 6 individuals had been charged after being suspected in organizing and leading criminal pyramid schemes. Around the world, the regulatory

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    UK Crypto Firms to Face Extensive AML Requirements

UK Crypto Firms to Face Extensive AML Requirements

The regulatory requirements for cryptocurrency-related firms in the United Kingdom are about to be expanded, according to a recent consultation paper published by the Financial Conduct Authority (FCA). Just recently we’ve seen how Gemini and Archax had become the first two cryptocurrency exchange platforms to get a license from the

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