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Dubai forms Virtual Asset Regulatory Authority to provide global framework
8.2.2023
Dubai has established a regulatory authority to regulate the operations of virtual assets and platforms that are relevant to the sphere. The Virtual Asset Regulatory Authority comes into existence to create a framework that other regions across the world can replicate. Moreover, it keeps up with...
Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements
7.2.2023
A set of rulebooks published by the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising
TZero to Sunset tZero Crypto App Amid Regulatory Challenges
3.2.2023
Customers will have until March 6 to withdraw their assets from the platform
U.S. Senator Tim Scott to Release Priorities for Developing Crypto Regulatory Framework: Report
2.2.2023
Scott, the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according to Politico
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
2.2.2023
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...
Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure
30.1.2023
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations....
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes
29.1.2023
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge. Solving...
US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities
28.1.2023
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from...
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go
28.1.2023
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations”...
US Lawmaker Outlines Priorities to Regulate Crypto and Make America the Place for Blockchain Innovation
28.1.2023
The chairman of a newly formed digital assets committee, U.S. Congressman French Hill, has outlined some priorities to regulate the crypto sector and ensure America is the place for fintech and blockchain innovation. “We want a regulatory framework that’s transparent for developers...
SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto
28.1.2023
A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to...
Why Real Regulatory Change In Crypto Has Not Happened
27.1.2023
Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes
Regulatory Clarity? Financial Watchdogs Could Not Be More Clear
27.1.2023
UK's FCA Flagged Some Crypto Firms Seeking Regulatory Approval to Law Enforcement
27.1.2023
Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said
UK's FCA hints at why its given only 15% of crypto firms the regulatory nod
27.1.2023
The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants
UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval
26.1.2023
The Financial Conduct Authority has faced criticism over its arduous registration regime, with some companies dropping out of the process altogether
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
26.1.2023
Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand
ViaBTC Capital and CoinEx Release the 2022 Crypto Annual Report: Review of Nine Sectors and Forecast of Crypto Trend in 2023
26.1.2023
In January 2023, ViaBTC Capital and CoinEx jointly released the 2022 Crypto Annual Report to offer data analysis and insights into nine sectors, including Bitcoin, Ethereum, stablecoins, NFT, public chains, DeFi, SocialFi, GameFi and regulatory policies. This report also predicts the crypto trend...
Indonesia Regulatory Switch Could See Crypto Classed as Securities, Not Commodities
25.1.2023
A new law in Indonesia not only changes the crypto regulatory environment, it could also broaden the industry’s development in the country