The European Securities and Markets Authority (ESMA), the EU’s financial watchdog, is reviewing whether to allow Bitcoin into the region’s €12 trillion mutual fund market. JUST IN: 🇪🇺 EU Securities Authority is exploring adding #Bitcoin and Crypto exposure to the €12T investment market. EU is gearing up 🙌 pic.twitter.com/kVYZrrEFCx — Bitcoin Magazine (@BitcoinMagazine) May 9, 2024…
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The Federal Deposit Insurance Corporation has a “misogynistic” and “insular” workplace whose chair may not be well suited to lead needed reforms, says a new report commissioned over complaints about widespread sexual harassment inside…
Authorities in South Korea have warned local financial institutions from offering spot crypto ETFs following SEC approval in the US. South Korea’s financial regulator, the Financial Services Commission (FSC), has said that the spot Bitcoin ETFs recently approved in the US may contravene the country’s law. In an official statement published on Friday, the regulator sounded a…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia’s corporate watchdog has pledged to continue to crack down on misleading environmental claims made by funds this year after it launched legal action against three in 2023. Sarah Court, deputy chair of the Australian…
As a Democratic-affiliated SEC Commissioner, Gary Gensler has shifted his regulatory role to a politician seeking to be appointed as Treasury Secretary according to some Congressmen. The nomination of the 33rd Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler on April 17, 2021, was viewed as a huge relief in the…
Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading giant Binance. The SEC…
The new guidance will be the first one to key into delisting as a way of protecting investors. The New York State Department of Financial Services (NYDFS) is set to publish a new set of rules for crypto firms. The proposed guidance, per a Wall Street Journal report, will seek to ensure that crypto firms…
Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the…
Receive free Bank stress tests updates We’ll send you a myFT Daily Digest email rounding up the latest Bank stress tests news every morning. Only three of Europe’s 70 biggest banks would be forced to raise capital in a doomsday scenario, the EU’s top banking regulator said on Friday, as it praised the “robust” nature…