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Argentinean Central Bank Asks Local Banks for Information on Customers Who Deal With Cryptocurrencies
5.4.2021
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National...
Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox
4.4.2021
South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to...
Crypto Firm Uphold Gets US OK to Buy Broker-Dealer JNK Securities
31.3.2021
Uphold is set to become one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors, the company said
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’
18.3.2021
The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental...
Belarus tech innovation zone may take on regulatory role for crypto business
16.3.2021
The administration of Belarus Hi-Tech Park is the best authority to regulate the crypto market in the country, First Deputy Prime Minister Nikolai Snopkov said
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
9.3.2021
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high
Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO
7.3.2021
Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S....
GameStop tale exposes regulatory paternalism and DeFi’s true value
5.3.2021
GameStop brings forward the prospect of a paradigm shift that challenges existing regulations: decentralization
BSN and TON Labs to Provide Chinese Developer Community With Unique TON Technology
1.3.2021
Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so. China’s Developers Gain Access to TON Technology...
Crypto bank opens physical location in India's capital as potential regulatory ban looms
1.3.2021
Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters
Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited
27.2.2021
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary...
DeFi will provide good regulatory test for SEC, says Commissioner Peirce
23.2.2021
The SEC commissioner described the DeFi space as "a work in process" but overall "alluring."
South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions
22.2.2021
South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. No Major Domestic...
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Russia’s regulatory sandbox and the implementation of blockchain tech
6.2.2021
The regulatory sandbox that came into effect in Russia last month is aimed at boosting innovative technology implementation
Crypto Asset Manager Bitwise Files to Publicly Trade Bitcoin Fund
3.2.2021
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets....
Regulatory sandbox and DeFi boom: How Spain pushed crypto adoption despite the pandemic
30.1.2021
A summary of the events that marked 2020 in the Spanish crypto space and opinions from different people of the industry who lived it from the inside
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity
27.1.2021
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by...