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EU Goes for Crypto Regulations Slam Dunk
24.9.2020
Valdis Dombrovskis (on the left), Executive Vice-President for an Economy that works for People at the European Commission. Source: a screenshot, Instagram/vdombrovskis
The EU has set out plans to regulate cryptoassets, including provisions for stablecoins – with crypto exchanges active in...
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
19.9.2020
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17,...
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
25.8.2020
Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history
Malaysian Watchdog Plans to Extend Crypto Regulations to Wallet Providers
24.7.2020
The nation's Securities Commission is seeking feedback before finalizing new rules to be applied to digital asset wallet services
Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations
25.5.2020
Most crypto pundits believe that Libra’s revised white paper and recent hirings signify a major shift in the company’s willingness to adhere to the SEC’s existing monetary framework
Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later
22.5.2020
Ten years ago today someone spent 10,000 bitcoin on about $30 worth of pizza. Today, nations are redrafting crypto regulation and crypto firms report millions in revenues
These New Crypto Regulations Come into Force in Japan Today
1.5.2020
It is the start of a new month all over the world, but in Japan, it may the start of a new era for the crypto industry, as a set of new legal amendments comes into force, changing the way that businesses dealing with cryptoassets need to operate in the country.
As of May 1, a series of amendments...
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul
19.3.2020
Canadian firms processing crypto transactions worth more than 1,000 Canadian dollars will have to record and report identifying information regarding their customers
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
Hong Kong and Abu Dhabi Change Crypto Regulations to Align With FATF
27.2.2020
Hong Kong’s AML/CTF laws will apply to crypto exchanges and remitters, and dealers of precious metals and stones
Belgian Finance Regulators Draft Out Crypto Regulations
17.2.2020
Senator Jean-Paul Servais, the chairman of the Financial Services and Markets Authority (FSMA), announced during a Senate hearing in Belgium that FSMA had made strategic discussions with the government of Belgium concerning the imposition of regulatory measures on the use of digital currencies...
Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon
13.2.2020
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations...
US Presidential Candidate Andrew Yang Says Regulations Cannot Impede Crypto, Affirms Priorities
1.2.2020
Andrew Yang, who is running for U.S. president in the 2020 election, has explained what his priorities will be regarding cryptocurrency under his administration. He said that crypto investors are finding a way to make use of their investments and regulations cannot impede it. Yang advocates for...
Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services
30.1.2020
The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also...
Coinbase Custody, Bison Trails Join Proof of Stake Alliance to Push for Clearer Crypto Regulations
30.1.2020
Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, a lobbyist organization hoping to clarify the legal treatment of staking rewards in the U.S
US Presidential Hopeful Yang Calls for National Crypto Regulations
30.1.2020
Andrew Yang. Source: Andrew Yang, Twitter
American presidential candidate and tech entrepreneur Andrew Yang has reiterated his calls to developing a framework of cryptocurrency regulations ahead of the key Democratic Party caucuses in Iowa on February 3.
Yang told Bloomberg, in an interview with...
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru
21.1.2020
A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shankar Prasad in Bengaluru. It will facilitate various government departments in their blockchain work, leading to large scale deployment of blockchain applications. Also read: Regulatory Roundup:...