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Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations
24.3.2022
The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator...
Green ‘light:’ The EU’s approach to crypto balances eco-values with regulatory relevance
24.3.2022
European policymakers have backed away from passing rules which would have unfairly targeted Bitcoin for environmental reasons
Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
19.3.2022
Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed...
Qatar Central Bank Studying Digital Banks and CBDCs
18.3.2022
Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help the central bank get an understanding of what its area of focus should be. The Growing Significance of CBDC...
Ukraine's president signs law establishing regulatory framework for crypto
16.3.2022
The country's National Securities and Stock Market Commission will determine policies on digital assets, issue licenses to crypto firms, and act as a financial watchdog
The European Commission is looking for blockchain regulatory sandbox operator
16.3.2022
The sandbox is designed to help remove legal uncertainties around DLT use cases
FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
15.3.2022
Michele Korver, a government and law-enforcement veteran who was most recently chief digital currency adviser at FinCEN, is joining Andreessen Horowitz (a16z) as its new head of regulatory
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
12.3.2022
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s...
Is the Ukraine war intensifying regulatory pressure on crypto firms?
11.3.2022
Every day, people are seeing “live” why sanctions matter. “Everyone is starting to rethink the importance of compliance and crypto.”
Paxos Wins Regulatory Approval From Monetary Authority of Singapore
10.3.2022
The custodian and back-end provider is the first crypto firm to gain regulatory approval in both New York and Singapore
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
10.3.2022
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority...
Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs
10.3.2022
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting...
Crypto Industry Welcomes Biden’s Executive Order — Expert Says ‘It’s About as Good as We Could Ask’
10.3.2022
Many people in the crypto industry welcome President Joe Biden’s executive order on crypto. A crypto regulatory expert says, “It’s about as good as we could ask.” Another sees the order as the federal government viewing “cryptocurrency as a legitimate, serious...
Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March
9.3.2022
The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work...
US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming
9.3.2022
Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with...
South African Regulator Explains Why It Has Been Targeting Global Crypto Exchanges
8.3.2022
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because the exchanges are not registered to offer...
These Are the Latest Crypto Regulatory Moves by US and EU
8.3.2022
While the US President Joe Biden is reportedly set to sign a new crypto- and central bank digital currency (CBDC)-related executive order, the European Union is set for a vote on the much-discussed Markets in Crypto Assets (MiCA) framework.
Biden is expected to sign an executive order this...
Bitcoin price rejection at $39K and mounting regulatory concerns tank the market again
7.3.2022
BTC price rejects near $40,000 as investors balk at an upcoming Biden administration executive order on crypto regulation
Skybridge Capital Founder Doubles Down on $100K Bitcoin Prediction — Expects BTC to Reach $500K Long-Term
7.3.2022
The founder of Skybridge Capital has doubled down on his $100K bitcoin price prediction. He also believes that bitcoin could reach $500K a coin in the long run. “But we’ve got some work to do here from a regulatory perspective,” he stressed. The executive also advised how...
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions
27.2.2022
Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used...