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Powers On… Top 5 crypto legal and regulatory developments of 2021
22.12.2021
Chinese Tech Giants Ready Metaverse, NFT Moves Despite Regulatory Scrutiny
21.12.2021
China’s tech giants are hopeful of launching metaverse and non-fungible token (NFT) businesses despite suffering a torrid year at the hands of the country’s vehemently anti-crypto government. Heavy-hitters including JD.com and Alibaba have laid out plans that involve metaverse and NFTs, although...
Crypto FOMO Will Be Huge Investment Driver, Regulatory Clarity Expected in 2022, Says Blockfi Executive
20.12.2021
An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year. Crypto FOMO Will Drive Investments...
Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’
16.12.2021
The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some...
Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto
16.12.2021
In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset...
SEC chair's regulatory agenda fails to include clarity on crypto, says Hester Peirce
13.12.2021
"The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest,” said two SEC commissioners
IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’
11.12.2021
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International...
Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
11.12.2021
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory...
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
8.12.2021
"We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand," said Representative Patrick McHenry
Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program
7.12.2021
Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Customers of the Colombian bank will be able...
Binance plans to become registered UK firm despite regulatory setbacks
6.12.2021
The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months, despite being ordered by the country’s regulator to cease trading in June
Russia to Decide Fate of Crypto Exchangers in 2022
3.12.2021
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such...
Regulatory fears put a damper on Ethereum traders’ $5,000 target
2.12.2021
This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation
Kraken exchange defies competitors’ regulatory concerns with SHIB listing
30.11.2021
The move comes in contrast to other digital asset exchanges like Robinhood, which have avoided listing altcoins such as SHIB over regulatory concerns
Singaporean crypto exchange enters India amid regulatory uncertainty
29.11.2021
Singapore's Coinstore crypto exchange has allotted $20 million for opening up three new offices in the Indian market
More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan
28.11.2021
Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity...
Russian Parliament Sets Up Working Group on Cryptocurrency Regulations
26.11.2021
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining...
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns
26.11.2021
Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures...
Spaceseven’s Game-Changing NFT Marketplace
24.11.2021
PRESS RELEASE. Recently, on the 23rd of November, SpaceSeven launched its state-of-the-art NFT marketplace. The SpaceSeven marketplace is the first of its kind — one of the few — if not the only scaled e-commerce, fully regulatory compliant platform. By combining powerful...
eToro to delist Cardano by 2022 for US users due to regulatory concerns
23.11.2021
The moved surprised some users as ADA has not been typically on regulators' radars as of late