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Putin Bids to Create New International Settlements Platform, Reform Foreign Currency Rules
10.5.2022
Russian President Vladimir Putin has spoken of plans to revamp the country’s international settlements ecosystem – in a bid to prevent Moscow from sliding into an economic quagmire at the hand of Western-led sanctions.
The nation has been all but frozen out of international trade and the global...
NFT Issuers Could Have to Centralize and Register Under EU's MiCA Rules, France Warns
5.5.2022
The EU bill would also tackle decentralized finance and bitcoin's energy use
Kazakhstan Amends Registration Rules for Cryptocurrency Miners
5.5.2022
The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
5.5.2022
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
3.5.2022
Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their...
India Includes Crypto Businesses in New Rules for Cyber Security
2.5.2022
The move is seen as a positive step that gives clarity to the crypto industry on several fronts
Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding Platforms
1.5.2022
The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank...
Bill Regulating Crypto Mining Submitted to Russian Parliament
30.4.2022
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers...
Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation
29.4.2022
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after...
Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing
28.4.2022
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance...
Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets
28.4.2022
The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Russian Stock Exchanges to List...
Gibraltar's Government Targets Crypto Market Manipulation With New Rules
27.4.2022
Market manipulation has been an increasing risk among distributed ledger technology companies, Gibraltar’s Minister for Digital and Financial Services Albert Isola minister said in 2020
Europe's Lawmakers Set to Advance Discussion of Controversial Crypto AML Rules
27.4.2022
Talks on contentious anti-money laundering rules for the sector are reaching the closing stage, but some hope there’ll be wiggle room on small payments, unhosted wallets and transition periods
Chinese court rules marketplace guilty of minting NFTs from stolen artwork
26.4.2022
A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user
First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules
25.4.2022
GameFi adoption has been hitting obstacles worldwide, including China and Korea, because of laws about converting in-game tokens to currency; major cryptos drop
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia
22.4.2022
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to reduce capital outflow amid an ongoing military conflict with Russia. Ukraine Citizens...
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
21.4.2022
Russia to include crypto into its tax code: Here is what the rules might look like
20.4.2022
Amendments to the tax code have passed the first round of parliamentary consideration in February
Republic of Ireland to Prohibit Political Cryptocurrency Donations
20.4.2022
The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the...
Indian minister wants global crypto rules to curtail money laundering risk
19.4.2022
India is yet to finalize a crypto regulatory framework despite assurances of a speedy draft law over the past few years