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Philippines Securities Regulator Set to Unveil Cryptocurrency Guidelines in Second Half
6.5.2024
The Philippines' securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024.
The post Philippines Securities Regulator Set to Unveil Cryptocurrency Guidelines in Second Half appeared first on Cryptonews
South Korea to Unveil Guidelines Barring the Listing of Hacked Coins
7.4.2024
South Korean authorities are reportedly planning to release updated guidelines for virtual asset trading. These guidelines will prohibit the listing or relisting of coins that have previously been hacked. Additionally, the guidelines will require issuers of “foreign” virtual assets...
UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions
28.3.2024
The UK’s FCA on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gaming streams, highlighting the need for fairness and avoiding any misleading information.
The post UK Watchdog Clarifies Rules for Memes and Finfluencers...
Twitch Bans Using ‘Intimate’ Body Parts As Green Screens
27.3.2024
Amazon-owned livestreaming platform Twitch has disciplined content creators again. Just as a new meta began dominating the site earlier this month, in which streamers started playing games like Fortnite on green-screened boobs and butts, Twitch has updated its Terms of Service to strictly prohibit...
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Gauntlet Ends Risk Management Role with Aave Citing ‘Inconsistent Guidelines’
22.2.2024
Gauntlet co-founder John Morrow has announced to discontinue the risk management services for Aave, attributing the decision to unclear guidelines and objectives from the DAO.
The post Gauntlet Ends Risk Management Role with Aave Citing ‘Inconsistent Guidelines’ appeared first...
Indian Government Rejects Binance’s Plea to Resume Operations, Demands PMLA Compliance
5.2.2024
Cryptocurrency exchange Binance is engaged in discussions with the Indian government to regain access to its mobile app and website in the country following its delisting from Apple’s India app store. While Binance is prepared to pay taxes and penalties, it is currently unwilling to comply...
Avalanche Foundation Unveils Eligibility Criteria Framework for Acquisition of Meme Coins
23.1.2024
The Avalanche Foundation has unveiled an “eligibility framework” detailing guidelines for its plan to acquire meme coins. In an announcement published January 23rd, the foundation behind the Avalanche blockchain outlined the essential characteristics that a meme coin must possess to...
EU Banking Watchdog Seeks to ‘Harmonize’ AML Measures With Extension to Crypto Firms
16.1.2024
Source: AdobeStock/Grecaud Paul Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space. In a blog post dated January 16, the EU banking watchdog announced the release of new guidelines focusing on money...
EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer
7.1.2024
Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however believes an “outright” prohibition of cash...
Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip
29.12.2023
In light of the ongoing dialogue around Binance’s removal of privacy coins, the cryptocurrency exchange Okx has declared the removal of various spot trading pairs linked to privacy tokens such as monero, zcash, and dash. Okx attributes its decision to remove these offerings...
Nigerian Central Bank Lifts February 2021 Crypto Prohibition Order
23.12.2023
The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated recommendation 15, which calls for the regulation...
Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies
14.12.2023
BIS building in Basel, Switzerland. Source: Adobe/doganmesut The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies. In a recent consultative paper, the international standard...
Indian Government Reveals 28 Crypto Service Providers Are Registered With Financial Intelligence Unit
5.12.2023
The Indian government has revealed that 28 crypto service providers are currently registered with the country’s Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency...
Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
US, Britain and other countries ink ‘secure by design’ AI guidelines
27.11.2023
The guidelines suggest cybersecurity practices AI firms should implement when designing, developing, launching, and monitoring AI models
Singapore Proposes Rules to Tighten Crypto Speculation in Retail Markets – Here’s the Latest
23.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets. In a recent publication, the Central Bank released amended regulations for digital payment token providers and related...
Coinbase Seeks US Court’s Assistance to Compel SEC on Crypto Rule-Making
22.11.2023
Source: AdobeStock Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets. According to the centralized digital asset trading firm,...
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...