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Philippines Securities Regulator Seeks Comment on Draft Crypto Rules
30.1.2023
Draft laws published this month seek to bring crypto assets under the purview of the country's Securities and Exchange Commission
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Binance tightens NFT rules: Nifty Newsletter, Jan. 18–24
25.1.2023
Lawyers believe that NFT court orders could help reach defendants that cannot be contacted using ordinary means
US Needs ‘Rules of the Road’ for Crypto or Risk Falling Behind in Market Leadership
25.1.2023
Linda Jeng of the Crypto Council for Innovation says the U.S. needs to establish clear crypto guidelines or it may run the risk of falling behind in innovation and market influence
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
‘No Point’ to European Union's Crypto Rules Unless World Follows Suit, Official Says
19.1.2023
FTX's collapse may have added fuel for those seeking stricter crypto rules, but even the good guys may get it wrong, financial services commissioner Mairead McGuinness told CoinDesk
Binance tightens rules on NFT listings
19.1.2023
The exchange will delist NFTs with low trading volume and listed prior to new KYC rules starting February
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
19.1.2023
Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...
SEC of Thailand issues crypto custody provider rules
17.1.2023
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of occurrence of any unforeseen events
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
15.1.2023
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based...
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...
FTX Creditor Names Can Remain Sealed for Now, Judge Rules
11.1.2023
A Delaware bankruptcy judge allowed a list of creditors for FTX to remain sealed for at least another three months on Wednesday
Gaming YouTube Is In Turmoil Thanks To New Violence And Profanity Rules
10.1.2023
Members of YouTube’s gaming community are calling out the video hosting site for adding new regulations regarding profanity usage and violent content, disproportionately affecting gaming creators who produce unscripted videos such as let’s plays of M-rated games. Worse, the policy is retroactively...
Bank of France Governor Calls for Mandatory Licensing for Crypto Companies
8.1.2023
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration...
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet
6.1.2023
Poolin had issued I-owe-you tokens in exchange for its users’ crypto deposits. A Singapore judge said that’s not okay
Israel’s Securities Watchdog Seeks to Regulate Crypto Assets
6.1.2023
The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s...