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Korea to Regulate Crypto Cross-Border Trade Next Year
26.10.2024
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in cross-border virtual asset trade register with authorities...
Compliance experts should help regulate crypto — Silk Road 2.0 founder
22.8.2024
Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed
Putin Signs Law to Regulate Crypto Mining in Russia
11.8.2024
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with...
India has no plans to regulate crypto sales and purchases
7.8.2024
Despite tightening measures against money laundering and terror financing, India has no immediate plans to regulate cryptocurrency transactions
Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End
21.5.2024
Brazil's central bank unveiled a multi-phase plan to regulate crypto and virtual asset service providers on Monday. It aims to finalize the regulatory proposals by the end of this year.
The post Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End appeared first...
International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms
10.5.2024
The International Monetary Fund (IMF) has recommended Nigeria regulate crypto trading platforms, a new staff report by the United Nations’ financial agency released Thursday states. The country has been under increased international scrutiny for the detainment of two Binance executives after...
Estonia Approves Bill to Regulate Crypto Service Providers
22.3.2024
Estonian government has passed a legislation that shifts crypto oversight to the Financial Supervision Authority (FSA) starting 2026.
The post Estonia Approves Bill to Regulate Crypto Service Providers appeared first on Cryptonews
SEC Requests More Funding to Regulate Crypto Sector
21.3.2024
The U.S. Securities and Exchange Commission (SEC) has submitted its 2025 budget request, which will partly fund the securities watchdog’s efforts to regulate the crypto sector. “We’ve seen the Wild West of the crypto markets, rife with noncompliance,” SEC Chair Gary Gensler...
Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy
15.3.2024
Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.
The post Russian Lawmakers – Failure to Regulate Crypto Hurting Russian Economy appeared first on Cryptonews
Latam Insights: Argentina to Regulate Crypto via Decree, Bitget Eyes Latam Expansion
26.2.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The government of Argentina seeks to regulate the crypto industry with an executive order, Bitget announces expansion in Latam, and Honduras reiterates...
Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive
22.1.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is still alive, and Colombia works to regulate...
Argentina’s New Government Introduces New Bill to Regulate Crypto Holdings for Tax Payers
28.12.2023
Source: Quatrox Production/AdobeStock Argentina’s newly elected government, led by libertarian Javier Milei, has unveiled its plans to simplify the process of legalizing cryptocurrency holdings, even for individuals who may not have accurately reported them for tax purposes. On December...
Ghana’s Securities Regulator Creates Taskforce to Build Capacity for Crypto Asset Oversight
20.12.2023
The Ghanaian securities regulator has established a task force which is expected to help it boost its capacity to regulate crypto assets. Ghanaian residents have continued to trade and invest in cryptocurrencies and this has forced the regulator to think of ways to protect crypto users. Gaining...
Rep. French Hill Estimates Crypto Legislation to Pass in Early 2024
1.12.2023
Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures...
Former SEC Chair Discusses ‘Appropriate Way’ to Regulate Crypto — Says Classification Issues Are ‘Overblown’
29.11.2023
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton has discussed what he believes to be the “appropriate way” to regulate crypto. The former regulator added that “the classification issues” about whether a crypto token is a security or a commodity...
Hong Kong Chief Executive Expresses Willingness to Cooperate on Granting More Powers to Regulate Crypto Exchanges: Report
29.11.2023
Source: Pixabay The Chief Executive of the Hong Kong Special Administrative Region, John Lee, has responded to the recent investigation into the unlicensed virtual-asset trading platform Hounax. On November 27, Chief Executive John Lee addressed the recent virtual platform supervision fraud...
Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study
10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...
Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto
1.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda...
India's Finance Minister Says Discussions Underway on Global Framework to Regulate Crypto Ahead of G20 Summit
5.9.2023
India’s Finance Minister Nirmala Sitharaman confirmed that discussions are underway on global crypto regulations ahead of the G20 summit.
India is all set to chair the upcoming G20 meeting between world’s most powerful countries later this week where crypto regulations is going to be one of...
UK Strongly “Disagrees” Recommendation to Regulate Crypto as Gambling
20.7.2023
The United Kingdom’s economic and finance ministry – HM Treasury – has strongly denied proposals by the House of Commons’ Treasury Committee to regulate cryptocurrencies like gambling.
The UK Treasury Committee had called for unbacked cryptocurrencies to be regulated like gambling in May. A panel...