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CATEGORY: commissioner


Jul 30, 2023 10:30

Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’

The Kenyan data regulator said it is conducting an “assessment of Worldcoin’s practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to receive Worldcoin’s “free money.” Immaculate Kassait warned of the consequences to token recipients and issuers should the data regulator fail to ensure [...]

The post Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’ appeared first on Crypto Breaking News.

Mar 07, 2024 05:50

SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation

The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SECs current approach toward crypto [...]

The post SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation appeared first on Crypto Breaking News.

Jul 26, 2023 07:10

UK's ICO to Investigate OpenAI CEO's Worldcoin Project


The Information Commissioner's Office (ICO) announced on July 25, 2023, that it plans to initiate an investigation into Worldcoin, a project overseen by OpenAI CEO Sam Altman. The investigation is set to commence shortly after the announcement. ICO is the data regulator in the United Kingdom. (Read More)

May 23, 2023 10:35

Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America

According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution, and the firm will be required to cease operations in Connecticut. [...]

The post Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America appeared first on Crypto Breaking News.

Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner

Author: noreply@blogger.com (Unknown)
United States
Aug 05, 2022 09:35

Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce says the crypto sector is “too small” as it is to impact the broader financial system.

In an interview with Bloomberg Surveillance on Thursday, the crypto-friendly SEC official also explained that regulators cannot decide on a regulatory approach just “based on price.” However, recent events have Washington definitely focused and this could potentially result in “some regulatory clarity.”

Peirce also touched on the fact that regulators are somehow slow in taking aggressive action in the crypto sector, even as Bitcoin (BTC/USD) and other cryptocurrencies nurse losses of over 60% since November’s peak.

Washington just realising ‘crypto is here to stay’

Almost a decade since Satoshi Nakamoto pioneered the revolutionary financial asset, regulatory clarity remains largely non-existence. The SEC commissioner says part of the reason is down to regulators trying to find the best way to fit crypto regulations into the “existing regulatory framework.”

An example is the bipartisan bill recently introduced in the US that looks to add more clarity to crypto regulation by stipulating what should be under the SEC and what falls under the purview of the Commodity Futures Trading Commission (CFTC).

Peirce acknowledges this a route regulators are considering, but Washington cannot fully escape blame for the tentativeness.

I think there’s also been in Washington a bit of a desire to see crypto just disappear. And I think people are realizing that that’s not likely to happen. So maybe that will help people to think about where regulation is appropriate. But as you said I mean you know we have to bear in mind that people should be free to engage in transactions when both sides are willing to engage in that transaction. And so there needs to be a good reason for a regulator to step in the middle of.”

Crypto turmoil been a ‘good lesson’

Another key area the SEC commissioner commented on is whether financial innovation in the crypto sector is a threat to financial stability and the broader financial system. This, especially given the turmoil seen over the past few months – including the collapse of Terra’s stablecoin. The regulator doesn’t think crypto turbulence presents a risk.

I still think that crypto is quite small,” she explained, adding that although there have been “some problems in recent weeks…those have [not] flowed into the more traditional financial system.” According to her, whatever that’s happened are “reminders that if you do things in the crypto world like over-leverage or overexpose yourself to a particular counterparty, you can really get into trouble.”

The issues and problems can be painful, especially to investors, but its one lesson necessary if people have to learn while the crypto industry is still at this nascent stage.

The post Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner appeared first on Invezz.



from Bitcoin – Invezz

May 15, 2022 05:15

SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability – Regulation Bitcoin News

A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a real threat” to the country’s financial stability. SEC Commissioner on Stablecoin Regulation The regulation of stablecoins has been a hot topic this week following the Terra fiasco […]

Mar 01, 2025 05:50

SEC Commissioner voices dissent over agencys position on memecoins

The SEC Commissioner Expresses Disagreement with Agency’s Stance on Memecoins In a recent statement, a commissioner at the US Securities and Exchange Commission (SEC) has voiced their disagreement with the agency’s position on memecoins. The commissioner, who remains unnamed, highlighted concerns about the regulatory approach being taken towards these digital assets. The debate surrounding memecoins, [...]

The post SEC Commissioner voices dissent over agency’s position on memecoins appeared first on Crypto Breaking News.

Jun 13, 2023 05:50

Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act

Warren Davidson, the Republican congressman who first introduced the legislation in mid-April, has filed the SEC Stabilization Act to remove Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Davidson insists the act aims to safeguard U.S. capital markets “from a tyrannical chairman.” Legislation Filed to Remove SEC Chair Gensler in [...]

The post Republican Congressman Seeks to Oust SEC Chair Gensler With SEC Stabilization Act appeared first on Crypto Breaking News.

OpenAI faces Canadian privacy probe alleging personal info harvesting

Author: Cointelegraph By Brayden Lindrea
United States
Apr 06, 2023 08:20

OpenAI faces Canadian privacy probe alleging personal info harvesting

Canada's Head Privacy Commissioner is investigating the AI firm and watchdogs in Germany, France, Ireland and Spain could be mulling similar action.

Aug 03, 2023 02:10

Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities

The Kenyan interior ministry said on Aug.2 that Worldcoin’s activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project’s potential risks to public safety. The country’s interior minister Kithure Kindiki reportedly warned of unspecified consequences for those violating the country’s laws. Probe Into Worldcoin’s Activities [...]

The post Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities appeared first on Crypto Breaking News.

Jul 02, 2023 05:50

Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts

The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law on SEC positions and quit the personal attacks on the SEC Chair or the SEC staff,” he stressed. “It’s an anemic and flawed [...]

The post Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts appeared first on Crypto Breaking News.

SEC Warning: Crypto Exchanges Must Register Before Offering Securities

Author: Shiela Bertillo
Philippines
Jun 01, 2023 11:10

SEC Warning: Crypto Exchanges Must Register Before Offering Securities

The Commissioner emphasized the need for registration in offering securities, cautioning the exchange for providing unregistered derivatives in the country.

The post SEC Warning: Crypto Exchanges Must Register Before Offering Securities appeared first on BitPinas.

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