Politics, Legal & Regulation

Policy and regulations impacting innovations in Finance.

Connecticut Tax Preparer Charged With Claiming Fake Crypto Losses for Clients Who Never Owned the Assets

Federal authorities in Connecticut have accused a Meriden tax preparer of systematically inserting fictitious cryptocurrency and stock losses onto clients’ returns even though the taxpayers never held the assets in question. The allegations form one element of a wider set of charges that also encompass… Read More

Benjamin Netanyahu’s Crypto Sanctions Plan Draws Sharp Rejection from Bank of Israel

Israel’s central bank has publicly rejected a proposal by Prime Minister Benjamin Netanyahu to prepare for possible international sanctions by building an alternative financial system that relies on cryptocurrency and blockchain technology. The unusual rebuke arrived just days before the country’s parliamentary elections, underscoring deep… Read More

California Challenges SEC Crypto Proposal Over Reduced State Oversight of Offerings

California’s Department of Financial Protection and Innovation has formally opposed a Securities and Exchange Commission proposal that would create new federal exemptions for certain cryptocurrency-related securities offerings. In a comment letter filed on the October 20, 2026 deadline, state officials argued that the plan, known… Read More

Autumn Budget: Comments in Advance of Tax and Spending Update

Chancellor John Healey will deliver the first Autumn Budget under the new Prime Minister Andy Burnham, and while the broader mission remains to provide solace to a population that is fatigued by the higher cost of living and businesses in need of more growth, Labour… Read More

CFTC and National Basketball Association Sign MOU to Protect Integrity in Professional Basketball

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CFTC and National Basketball Association Sign MOU to Protect Integrity in Professional Basketball | CFTC /PressRoom/PressReleases/9314-26 Skip to main content October 26, 2026 WASHINGTON — The Commodity Futures Trading Commission and the National Basketball Association today announced their signing of a Memorandum of Understanding intended to protect the integrity of

Defence SMEs need banking services that work

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This post was originally published on fca.org.uk  The UK’s most innovative businesses often start small. Before they can develop new technologies, win contracts or expand into new markets, they need access to banking services to help them operate, invest and grow. Access to financial services… Read More

Chandler King (City) Limited enters creditors’ voluntary liquidation

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This post was originally published on fca.org.uk  The joint liquidators will carry out an assessment of any client money and custody assets held by the firm to confirm the current position.  Following the assessment, the joint liquidators will work to return as much client money… Read More

South Korea’s Crypto Regulatory Framework Nears Final Stage as Tax Timing Debate Intensifies

South Korea’s top financial regulator has signaled that consultations on a comprehensive digital asset law are approaching their conclusion, even as lawmakers and market participants step up pressure over the timing of a long-postponed tax on cryptocurrency gains. On October 22, 2026, during a comprehensive… Read More

Brazil’s Securities Regulator Calls for Mandatory Tokenization and AI Surveillance to Overhaul Market Oversight

Brazil’s securities regulator calls for mandatory tokenization paired with AI-driven surveillance to modernize capital-market oversight. On Friday, October 23, Otto Lobo, president of Brazil’s Comissão de Valores Mobiliários (CVM), told the IV Congress of Investment Fund Law organized by the Associação dos Advogados that the… Read More

Meta Platforms SEC Filing Reveals Mark Zuckerberg’s Boardroom Leverage Over AI Funding and California Tax Threat

A recent US Securities and Exchange Commission (SEC) filing from Meta Platforms (NASDAQ: META) has laid bare a months-long, often tense negotiation between Mark Zuckerberg and a special committee of the company’s independent directors over how to raise equity capital for an enormous artificial intelligence… Read More

Perspective: The Sandbox Paradox – Where innovations go to die – how, why and what got forgotten

As the UK House of Lords Financial Services Regulation Committee kickoff the first evidence session of their inquiry into Regulatory Sandboxes this week (with written submissions closing Friday) in this, the first of a short series, in which we will map, diagnose, and work out… Read More

European Banking Authority and Financial Conduct Authority Demand Answers from Google Over Recent Cloud Outage

European financial supervisors have reached out to Google following a significant cloud computing disruption earlier this week that temporarily disabled online services at multiple major banks. The outage, which occurred on Tuesday and persisted for several hours, stemmed from a power-related incident at a third-party… Read More

Pentagon Bars US Troops from Using Nonpublic Military Information to Bet on Prediction Markets

Defense Secretary Pete Hegseth has directed all U.S. military personnel and Pentagon civilians to stop using nonpublic government information for wagers on prediction markets or other betting platforms. The one-page memorandum, dated October 20 and circulated to senior defense leaders, combatant commanders, and agency heads,… Read More

US Department of Treasury Says Operation Economic Outcast Has Decimated Iran

The US Department of the Treasury is declaring a victory of sorts in its mission of putting the economic screws to the rogue regime led by Iran. Secretary of the Treasury Scott Bessent posted on X earlier today that the “United States is no longer… Read More

Approximately 75% of Comments Submitted Support SEC’s Proposed Regulation Crypto Assets

The deadline for comments on the Securities and Exchange Commission’s proposed Regulation Crypto Assets (Reg CA) passed this week, but feedback continues to trickle in. Notably, most comments support the proposal, which exempts issuers from raising up to $75 million for a project. Reg CA… Read More

Beyond borders: Regulating the risks we share

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This post was originally published on fca.org.uk  International cooperation But for the kind of horizontal risks I’ve mentioned today, domestic coordination alone will not cut it.  We have to look beyond our own backyard, using domestic coordination and international collaboration to reinforce one another.  I… Read More

FCA calls on private market firms to manage conflicts of interest in line with rapid growth

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This post was originally published on fca.org.uk  Private markets refer to investments in assets, companies, or debt not listed or traded on public exchanges. They’ve grown significantly in recent years, and the UK is a leading international centre. Private markets play an increasingly important role… Read More

FCA restricts 6 firms following concerns over anti-money laundering controls

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This post was originally published on fca.org.uk  The restrictions were imposed by the FCA on each firm’s request and limit their ability to take on new customers or do new business with existing customers, including extending existing credit. Restrictions placed on 6 unregulated lenders, known… Read More

UK Financial Conduct Authority (FCA) Launches Consultations on DeFi Guidance and Crypto Regulatory Guidelines

The United Kingdom’s Financial Conduct Authority (FCA) opened two parallel consultations seeking industry input on decentralised finance (DeFi) and the boundaries of its forthcoming cryptoasset regime. The moves form part of the regulator’s ongoing preparation for the full crypto framework, which is scheduled to take… Read More

Cardano Foundation Calls on EU to Refrain from Extending MiCA to DeFi and Staking

The Cardano Foundation published details of its formal response to the European Commission’s public consultation on reviewing the Markets in Crypto-Assets Regulation (MiCA, also referred to as MiCAR). In a 19-page submission dated 30 September 2026, the Swiss-based non-profit organization urged EU policymakers against creating… Read More

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