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Worldcoin Ordered to Cease Operations in Hong Kong Over Privacy Compliance Issues
22.5.2024
Hong Kong’s privacy watchdog on Wednesday instructed OpenAI founder Sam Altman’s Worldcoin project to halt all activities in the region. This includes scanning and collecting iris and facial images from the public using iris-scanning devices.
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EU seeks stakeholder opinion on adding crypto to 12T euro investment market
9.5.2024
If approved, the EU’s UCITS funds would make way for crypto assets to gain exposure to a 12 trillion euro investment product market
EU Securities Watchdog Considers Including Crypto in Investment Products, Expanding Market Access
9.5.2024
The EU securities watchdog is seeking input from stakeholders on the potential inclusion of crypto assets in investment products.
The post EU Securities Watchdog Considers Including Crypto in Investment Products, Expanding Market Access appeared first on Cryptonews
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
3.5.2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly...
UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023
2.5.2024
The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses, according to a report released on May 1.
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Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations
11.4.2024
Matthew White, CEO of Dubai's Virtual Asset Regulatory Authority (VARA), expressed the watchdog's commitment to easing the regulatory burden for smaller cryptocurrency entities.
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EU Watchdog Warns 90% of Crypto Trading Funneled Through Few Exchanges
11.4.2024
The European Union's (EU) securities regulator warned about the high concentration of trading activity on a limited number of crypto exchanges. Notably, Binance, a single platform, controls roughly half of the entire market.
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EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not
5.4.2024
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out
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.
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Binance Blocked by Philippines Securities Watchdog
25.3.2024
The Philippines Securities and Exchange Commission warned in November that the company was operating in the country without the necessary licenses
EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA
25.3.2024
The European Securities and Markets Authority on Monday published a final report on measures along with its third consultation package for further rules and guidance
Spanish Court Upholds Privacy Watchdog’s Decision to Halt Worldcoin Activities
19.3.2024
The Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail...
Indonesia’s Financial Regulator Issues New Crypto Regulations Ahead of January 2025 Transition
13.3.2024
The Financial Services Authority (OJK), Indonesia's financial services watchdog, has released new rules to bring technological innovation to the financial industry. These rules will cover cryptocurrencies beginning in January 2025.
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UK Watchdog Says It Will Not Object to Crypto ETN Listing Requests
12.3.2024
The United Kingdom’s Financial Conduct Authority has said it will not object to requests by recognised investment exchanges to launch crypto-backed exchange-traded notes. The exchange-traded notes will only be made available to professional investors such as regulated investment firms. ETNs...
UK Financial Watchdog Limits UK Crypto ETNs to Professional Investors Only
11.3.2024
The UK's financial regulator will allow recognized exchanges to launch crypto asset exchange-traded notes. Only professional investors, like investment firms and authorized credit institutions, will have access to these products.
The post UK Financial Watchdog Limits UK Crypto ETNs to Professional...
South Korea Contemplating Allowing Spot Bitcoin ETF, Says Financial Watchdog Chief
5.3.2024
South Korean authorities are discussing the potential approval of spot Bitcoin exchange-traded funds (ETFs) in the country, as revealed by the country's chief of the financial watchdog.
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Hong Kong’s SFC Issues Warning on BitForex Amid Crypto Scam Allegations
4.3.2024
On March 4, Hong Kong's financial watchdog, the Securities and Futures Commission (SFC), issued a public notice about the cryptocurrency exchange BitForex over alleged fraudulent dealings. BitForex, although based in Hong Kong, does not possess the license required by the country's regulatory...
Nigeria’s Financial Watchdog Summons Binance CEO Over Crime Concerns
4.3.2024
New Binance CEO Richard Teng must appear before Nigeria’s House of Representatives Committee on Financial Crimes to answer questions about his company’s lax KYC and AML policies, which may have played a part in terrorism financing and money laundering. Committee Chairman Ginger Onwusibe...
Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime
4.3.2024
Cryptocurrencies are treated as a commodity in Indonesia and is currently subject to 0.11% value-added tax and 0.1% income tax.
The post Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime appeared first on Cryptonews
Indonesia’s Crypto Watchdog Pushes for Friendlier Taxes as Regulatory Overhaul Looms
1.3.2024
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax