Australia’s Securities and Investments Commission (ASIC) said it plans to exempt stablecoin intermediaries from the requirement to hold a financial services license. The financial watchdog said it granted class relief for parties engaging in the distribution of a stablecoin from an existing licensed issuer in an announcement on Thursday. The exemption means the intermediaries do … Read more
The U.S. Commodity Futures Trading Commission is about to drop to a single commissioner when Democrat Kristin Johnson leaves the agency next week, and the only other person waiting in the wings to join the regulator is President Donald Trump’s chairman nominee, Brian Quintenz. As of Sept. 3, the five-member commission will drop to one, … Read more
Brain Quintenz, President Donald Trump's pick to take over the Commodity Futures Trading Commission that's anticipated to be the premiere U.S. crypto regulator, needs a sign-off from the Senate Agriculture Committee before he can get a confirmation vote. But that step has now been delayed a second time. The committee was set to vote on … Read more
France’s privacy watchdog said Thursday it has fined US tech giant Microsoft EUR 60 million ($64 million, roughly Rs. 530 crore) for foisting advertising cookies on users. In the largest fine imposed in 2022, the National Commission for Technology and Freedoms (CNIL) said Microsoft‘s search engine Bing had not set up a system allowing users … Read more
The European Securities and Markets Authority (ESMA), the financial watchdog for the 27-country trading block, has carried out a peer review of Malta’s application of the Markets in Crypto Assets (MiCA) regime, with specific attention to the island’s fast-tracked authorization of a certain unnamed crypto firm. ESMA’s Peer Review Committee (PRC) focuses on the authorization … Read more