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Singapore’s MAS Denies Listing Bitcoin Spot ETF, Retail Investors Can Still Access US ETFs
18.1.2024
The Monetary Authority of Singapore (MAS) has made it clear that spot Bitcoin (BTC) ETFs will not be allowed to be listed in Singapore for retail investors. The decision stems from the fact that cryptocurrencies, including Bitcoin, are not considered eligible assets for ETFs according...
ESMA Unveils Plan to Address Crypto Risks Ahead of MiCA Regulation Implementation
16.1.2024
The European Securities and Markets Authority (ESMA) is actively preparing for the implementation of the Markets in Crypto-Assets (MiCA) regulation, marking a significant milestone in bringing comprehensive oversight to the digital asset space. As the ESMA prepares for the enforcement of the MiCA...
EU Banking Watchdog Seeks to ‘Harmonize’ AML Measures With Extension to Crypto Firms
16.1.2024
Source: AdobeStock/Grecaud Paul Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space. In a blog post dated January 16, the EU banking watchdog announced the release of new guidelines focusing on money...
Digital Asset Exchange OKX Obtains Retail License in Dubai – Here’s More
16.1.2024
Image Source: Adobe Cryptocurrency exchange OKX has received regulatory approval from Dubai’s financial authorities to offer retail virtual asset services to customers. In a statement on Jan 16, the company disclosed that its Dubai subsidiary has been granted a virtual asset service provider...
EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
US Spot Bitcoin ETF Approved, UK Unlikely to Follow Suit
11.1.2024
Over the years, the FCA has repeatedly flagged concerns about the extreme volatility of crypto assets It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking...
FINRA’s 2024 Report Highlights Emergence of Crypto-Related Compliance Risks
10.1.2024
Source: Adobe American self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has added crypto considerations for companies to its annual oversight report, released Tuesday. ???? We've published the 2024 FINRA Annual Regulatory Oversight Report to share key insights...
BitGo Gains In-Principle Approval from Authority to Operate in Singapore
10.1.2024
Source: Pixabay / sasint BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step...
Singapore’s MAS Adds Crypto Wallet imToken to its Investor Alert List
9.1.2024
Source: iStock The Monetary Authority of Singapore (MAS) has recently added the non-custodial crypto wallet imToken to its Investor Alert List. The list provides a record of unregulated persons who “may have been wrongly perceived as being licensed or regulated by MAS.” The inclusion of imToken...
Crypto Exchange Upbit Gets Full Licensing in Singapore
8.1.2024
Upbit said it is "poised to expand [its] range of offerings," having acquired a MPI license
South Korea’s Tax Authority, DAXA Form Committee to Prevent Illegal Transactions: Report
8.1.2024
Source: Pixabay South Korea’s tax Authority, the Korea Customs Service group and five major cryptocurrency exchanges including Bithumb Korea, Coinone, Korbit, and Streami have formed a group to prevent illegal foreign transactions, according to a report by News1.KR. The Digital Asset Exchange...
Upbit Secures Major Payment Institution License from Monetary Authority of Singapore
8.1.2024
Source: Upbit South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore. This accomplishment follows the previously announced in-principle approval (IPA) in October 2023, under...
Crypto Firms Across the UK Begin to Roll Out Risk Assesments Ahead of Monday Deadline
5.1.2024
A number of cryptocurrency firms operating in the U.K. are rolling risk assessments ahead of new rules set out by the Financial Conduct Authority (FCA) expected to begin on Monday, January 8th. Key players take action So far, key crypto players such as Coinbase, Gemini, and OKX have all implemented...
EBA to Extend Stress Testing to Assess Impact of Strains in Non-Bank Financial Institutions, Including Crypto Entities
3.1.2024
Source: AdobeStock / Grecaud Paul The European Banking Authority (EBA) is set to implement additional measures to evaluate the potential impact of strains in non-bank financial institutions (NBFIs), including those in the cryptocurrency sector, on traditional banks. This initiative is driven...
EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT
3.1.2024
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks
OKX Implements New Rules for UK Users in Compliance with FCA Regulations
2.1.2024
Source: AdobeStock / Iakov Kalinin The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA). On January 2, OKX announced changes to its user experience for new and existing retail...
‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority
28.12.2023
Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a press release on December 27, the Chinese legal authority revealed that...
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision
27.12.2023
Source: Pexels The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence...