{"id":551443,"date":"2023-02-14T00:15:00","date_gmt":"2023-02-13T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/"},"modified":"2023-02-14T00:15:00","modified_gmt":"2023-02-13T21:15:00","slug":"regulation-comes-for-crypto-staking-law-decoded-feb-6-13","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/","title":{"rendered":"# Regulation comes for crypto staking: Law Decoded, Feb. 6\u201313"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23a735ec745\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23a735ec745\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/#%E2%80%9D_Regulation_comes_for_crypto_staking_Law_Decoded_Feb_6%E2%80%9313_%E2%80%9C\" >&#8221; Regulation comes for crypto staking: Law Decoded, Feb. 6\u201313  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/#South_Korean_regulator_provides_guidance_on_security_tokens\" >South Korean regulator provides guidance on security tokens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/#Dubai_releases_crypto_regulations_for_virtual_asset_service_providers\" >Dubai releases crypto regulations for virtual asset service providers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\/#Interpol_wants_to_police_metaverse_crimes\" >Interpol wants to police metaverse crimes<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Regulation_comes_for_crypto_staking_Law_Decoded_Feb_6%E2%80%9313_%E2%80%9C\"><\/span>&#8221; Regulation comes for crypto staking: Law Decoded, Feb. 6\u201313  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvYzk0MjI1MzktMWNkOS00ZGUzLWFmZTMtOTNlYjA3NGNlY2VlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties.\u00a0<\/p>\n<p>While the sum of fines could hardly get an entity like Kraken off balance, the future of staking concerns the crypto market. The court agreement attracted the ire of not only the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> crypto community but of investors, politicians and industry executives, with Cinneamhain Ventures partner Adam Cochran calling SEC Chair Gary Gensler \u201can agent of an anti-crypto agenda\u201d rather than a regulator. The CEO of the Blockchain Association, Kristin Smith, urged Congress to take such important cases under its direct control.<\/p>\n<p>The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a \u201cterrible\u201d move by the country\u2019s regulators. Armstrong also criticized the current lack of regulatory clarity in the U.S. and subsequent \u201cregulation by enforcement\u201d that he says is driving companies offshore, such as FTX.<\/p>\n<p>Even the SEC Commissioner Hester Peirce has publicly rebuked her agency over the shutdown of Kraken\u2019s crypto staking program. The commissioner <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/statement\/peirce-statement-kraken-020923\">blasted<\/a> her agency, arguing that regulation by enforcement \u201cis not an efficient or fair way of regulating\u201d an emerging industry. Peirce implied the regulator was \u201clazy and paternalistic,\u201d suggesting the SEC should have initiated a \u201cpublic process to develop a workable registration process that provides valuable information to investors.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"South_Korean_regulator_provides_guidance_on_security_tokens\"><\/span>South Korean regulator provides guidance on security tokens<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>South Korea established guidance that specifies which digital assets will be considered and regulated as securities in the country. The law considers securities as financial investments where investors are not required to make additional payments after their original investment. The Financial Services Commission (FSC) also provided examples of which digital assets will most likely be classified as securities. According to the FSC, this may include tokens that provide a stake in business operations, gives holders rights to dividends or residual assets, or provide profit to the investors.<\/p>\n<p>Continue reading<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dubai_releases_crypto_regulations_for_virtual_asset_service_providers\"><\/span>Dubai releases crypto regulations for virtual asset service providers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASPs) operating within the emirate. All market participants, whether licensed by VARA or not, must adhere to marketing, advertising and promotions regulations. Violators will be fined between $5,500 (20,000 dirhams) and $55,000 (200,000 dirhams), and repeat offenders could see fines as high as $135,000 (500,000 dirhams). However, the rules only <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly to market participants within Dubai, excluding those operating under the Dubai International Financial Centre.<\/p>\n<p>Continue reading<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Interpol_wants_to_police_metaverse_crimes\"><\/span>Interpol wants to police metaverse crimes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The International Criminal Police Organization, or Interpol, is investigating how it could police crimes in the metaverse. According to Interpol secretary general Jurgen Stock, as the number of metaverse users grows and the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> further develops, the list of possible crimes will only expand to potentially include crimes against children, data theft, money laundering, financial fraud, counterfeiting, ransomware, phishing, and sexual assault and harassment. The move to police the metaverse comes nearly four months after Interpol launched its own metaverse in October 2022 at the 90th Interpol General Assembly in New Delhi, India.<\/p>\n<p>Continue reading<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/regulation-comes-for-crypto-staking-law-decoded-feb-6-13\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Regulation comes for crypto staking: Law Decoded, Feb. 6\u201313 &#8220; Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties.\u00a0 While the sum of fines&#8230;<\/p>\n","protected":false},"author":1,"featured_media":551444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/c9422539-1cd9-4de3-afe3-93eb074cecee.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75540,74898,133582,71644,78003,70934,72420],"class_list":["post-551443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-kraken","tag-sec","tag-staking","tag-dubai","tag-interpol","tag-regulation","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=551443"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/551444"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=551443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=551443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=551443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}