The Financial Conduct Authority has updated its public overview of how it regulates cryptoassets, setting out in clearer terms which digital assets fall inside its remit, how crypto firms are supervised for anti-money laundering purposes, and the rules governing how crypto is marketed to UK consumers.
U.S. Treasury Secretary Scott Bessent is pressing Congress to act on cryptocurrency legislation, arguing that a federal framework for digital assets should be finalized and sent to President Donald Trump for signature before the end of the spring.
China’s market regulator on Friday released new anti-monopoly guidelines for internet platforms aimed at curbing collusion and unfair pricing practices, as authorities continue tightening oversight of the country’s digital economy.
In a massive shift in federal climate policy, the U.S. Environmental Protection Agency finalized a rule repealing the 2009 Greenhouse Gas Endangerment Finding and rolling back federal greenhouse gas emission standards for light, medium, and heavy-duty vehicles.
Italy’s competition watchdog has turned its attention to the beauty aisle. The Italian Competition Authority has launched an investigation into Procter & Gamble amid concerns that advertising for the Braun Skin i-Expert IPL hair removal device may have gone too far in promising long-lasting results.
Farmers’ Mutual Group (FMG) has admitted to breaching fair dealing provisions under New Zealand’s Financial Markets Conduct Act after an investigation by the country’s financial regulator. The Financial Markets Authority’s inquiry, which followed a self-report by FMG, focused on two long-running issues affecting tens of thousands of policyholders.
Europe’s long-promised reset of anti-money laundering supervision is moving from legislative text to lived reality. Speaking in Frankfurt on Tuesday, Claudia Buch, Chair of the Supervisory Board of the European Central Bank, used a policy workshop to lay out what the arrival of the European Anti-Money Laundering Authority actually means in practice.