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UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
Indian Finance Minister: Crypto Regulation Needs Global Consensus
20.5.2024
Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently...
Nigeria’s Central Bank Partners with Gluwa to Boost eNaira Amid Global Regulation Changes
7.3.2024
The Nigerian Central Bank has partnered with the blockchain-based financial platform Gluwa Nigeria to increase the adoption of its digital currency, the eNaira. This move seeks to address financial inclusion challenges and provide credit access to unbanked individuals.
The post Nigeria’s...
People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets
22.12.2023
Source: Eagle/Adobe China’s central bank has called on global financial authorities to regulate the digital asset and decentralized finance (DeFi) markets in its recent financial stability report. The People’s Bank of China released a report on Dec 22 highlighting a regulatory pathway for local...
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
UK Government Rolls Out Final Proposals for Stablecoin Regulation
30.10.2023
The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating...
Head of Portugal central bank deems crypto unsustainable, calls for global regulation
3.10.2023
Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts
RBI lists risks of stablecoin for developing economies, calls for global regulation
29.6.2023
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto
Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’
25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...
Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future
5.4.2023
As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed...
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
1.1.2023
The Reserve Bank of India (RBI) says one of the priorities for the G20 under India’s presidency is to “develop a framework for global regulation, including the possibility of prohibition, of unbacked crypto assets, stablecoins, and defi.” The Indian central bank warned that...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
Setting a Standard for Global Regulation of Crypto
5.12.2022
As the European Commissioner for financial services, McGuinness had the mammoth task of getting the EU’s landmark Markets in Crypto Assets framework through to the finish line this year. That’s why she is one of CoinDesk’s Most Influential 2022
Cryptocurrencies Affect Central Bank Tasks, Dutch Monetary Authority Says, Urges Global Regulation
9.11.2022
Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation...
CBDCs Could Need Global Regulation, EU Commissioner Says
7.11.2022
Paolo Gentiloni says a series of international agreements might be needed to stop state-backed digital currencies from infringing sovereignty
EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’
19.10.2022
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner....
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...
Clampdown on crypto ads: A one-off or a new phase of global regulation?
28.1.2022
Intensified scrutiny of digital asset ads is a growing trend, but it's not clear if it is inextricable from crypto regulation’s evolution
BIS Exec Says Defi Is a ‘Wake-up Call’ for Regulators, Global Crypto Policy Expected in 2022
20.12.2021
A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial...