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G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks
17.7.2023
On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations should confront the risks cryptocurrencies pose...
Latest Thai Securities Guidelines Require Digital Asset Platforms to Issue Crypto Trading Risk Warnings
4.7.2023
According to Thailand’s securities regulator, digital asset service providers will be required to warn prospective investors of the risks that come with trading or investing in cryptocurrencies. The guidelines also state that starting on Aug. 30, 2023, digital asset business operators will...
Twitch Abandons Bad Ad Changes After Streamer Freak Out
8.6.2023
Earlier this week, Twitch set the streaming world ablaze with what appeared to be new guidelines that heavily impacted how streamers could monetize their channels. The rules appeared to dictate things like how much space logos could take up on the screen, and whether or not these sponsorships could...
UAE's Central Bank Introduces New Anti-Money Laundering Guidance for Crypto Businesses – Here's the Latest
1.6.2023
The UAE’s Central Bank just introduced new anti-money laundering (AML) and counter-terrorism financing guidelines for crypto businesses and financial institutions handling digital assets, according to an announcement on Wednesday.
The new guidance applies to all licensed financial institutions...
ZA Bank plans digital asset retail trading in Hong Kong under new guidelines
24.5.2023
The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
17.5.2023
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
Hong Kong Regulators Set to Reveal Crypto Exchange License Guidelines in May
27.4.2023
Hong Kong's Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month.
SFC CEO Julia Leung announced the plan during an event, noting that the city will unveil its new cryptocurrency framework in May, according to...
Hong Kong security regulator to issue crypto license guidelines in May
27.4.2023
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung
How Will NFTs Be Taxed? Understanding the IRS' New Proposed Guidelines
31.3.2023
Tax experts weigh in on how the IRS will decide if NFTs are collectibles
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
25.3.2023
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create...
Twitch Bans Popular Streamer’s Cute Emote For ‘Inciting Abuse’
21.3.2023
Fortnite Twitch streamer and hugely popular gaming TikToker Chica seemed to get some surprising news yesterday—Twitch removed one of her emotes, a cartoon chick with big, wet eyes and its tongue sticking out, for “inciting abuse.”Read more
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
14.3.2023
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill...
Nigerian Central Bank Unveils Open Banking Guidelines
12.3.2023
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives include ensuring “consistency and security...
Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season
3.3.2023
The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of cryptocurrency in digital payments, including potentially...
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
3.3.2023
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators
South Korea Takes Major Step Toward Cryptocurrency Legalization with New Guidelines on Securities Tokens
6.2.2023
South Korea has taken a major step towards bringing crypto into the mainstream as the country’s main financial regulator introduces new guidelines on security tokens.
Under the new guidelines, security tokens, defined as financial assets issued by a centralized party and tokenized on a blockchain...
South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms
6.2.2023
Financial regulators in South Korea are working to bring security tokens into the scope of the country's capital markets rules
UK Takes Major Step Forward in Regulating Crypto – Temporary Backtrack on Crypto Promotion Guidelines
2.2.2023
The UK Treasury is set to deliver "ambitious plans to robustly regulate cryptoasset activities" on a par with traditional finance, but will also step away from the plan to apply stock-like standards to crypto promotions - for now.
The announcement published by the UK government, in which it said...
Japanese Government Set to Adopt FATF Crypto AML Guidelines into National Law
5.12.2022
The Japanese government is preparing to enshrine the Financial Action Task Force (FATF)’s crypto anti-money laundering (AML) guidelines into the legal code – after the country’s parliament voted in favor of the measure.
NHK reported that MPs voted for the Revised Act on Prevention of Transfer...