Tag: regulations
News related to cryptocurrency regulations in different countries.
Nigerian SEC Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Nigerian Securities and Exchange Commission (SEC) has recently updated its regulations concerning cryptocurrencies, specifically targeting the marketing of crypto products and services by virtual asset service providers (VASPs) and social media influencers.
UK’s Regulator Seeks Public Comment on Crypto Regulations
Reading Time: < 1 minuteThe Financial Conduct Authority of the United Kingdom is asking for the public’s opinion on its proposed strategies for enhancing the transparency of the nation’s crypto markets.
Australia May Introduce A Stricter Crypto Regulation
Reading Time: < 1 minuteAustralia has suggested more stringent measures to combat financial crime through the implementation of stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules.
Czech Republic Delays Tax on Bitcoin Gains
Reading Time: < 1 minuteThe Czech Parliament has voted to approve an amendment that will exempt individuals from paying personal income tax on capital gains from the sale of Bitcoin and other cryptocurrencies.
Russian Lawmakers Greenlight Crypto Tax Bill
Reading Time: < 1 minuteRussian lawmakers have given their approval to the government’s proposal for a crypto tax bill, which will require Bitcoin miners to pay taxes on their earnings.
Norway’s Central Bank Supports MiCA
Reading Time: < 1 minuteNorges Bank has voiced its support for the Markets in Crypto-Assets Regulation (MiCA) proposed by the European Union.
Taiwan’s FSC Plans to Implement a Crypto Exchange Registration System
Reading Time: < 1 minuteTaiwan’s Financial Supervisory Commission (FSC) will establish a registration system for cryptocurrency exchanges before the end of November, according to a report by local news outlet Anue Juheng.
Dubai Tightens Crypto Marketing Regulations
Reading Time: < 1 minuteDubai’s crypto regulation just got stricter with the introduction of new Marketing Regulations for Virtual Assets and Related Activities 2024 by the Dubai Virtual Assets Regulatory Authority (VARA).
Revolut Wins a Banking License in UK
Reading Time: < 1 minuteRevolut announced on Thursday that it has been granted a banking license by UK financial regulators.
OKX Establishes its MiCA Hub in Malta
Reading Time: < 1 minuteCrypto exchange OKX has chosen Malta as its hub for MiCA (Markets in Crypto-Assets) as this new regulatory framework is being implemented in the European Union.
Taiwan Tightens its Crypto Regulations
Reading Time: < 1 minuteThe Legislative Yuan, Taiwan’s highest legislative body, has approved a law that updates the country’s Anti-Money Laundering (AML) legislation to include digital assets.
US House Fails to Overturn Biden’s Veto of a SEC Crypto Rule
Reading Time: < 1 minuteIn a vote of 228-184, US lawmakers fell short in their attempt to override President Joe Biden’s veto of a legislative measure designed to reverse a controversial crypto accounting bulletin.
Hawaii’s Crypto Companies Will Not Have to Obtain a Money Transmitter License
Reading Time: < 1 minuteHawaii has officially decided to exempt cryptocurrency companies from the need to obtain a Money Transmitter License (MTL) in order to operate in the state.
Crypto.com Obtains a Crypto License in Ireland
Reading Time: < 1 minuteIreland has granted approval to Crypto.com to register as a virtual asset service provider, permitting the cryptocurrency exchange to conduct operations in the country.
US Appeals Court: SEC Exceeded its Authority with Fund Rule
Reading Time: < 1 minuteA recent decision by a United States appeals court has struck down a Securities and Exchange Commission (SEC) rule that aimed to increase transparency in the hedge fund and private equity sectors.
US House Approves Bill to Regulate Crypto
Reading Time: < 1 minuteOn Wednesday, the US House of Representatives passed a bill to establish a new legal structure for digital currencies, despite concerns raised by the US securities regulator about potential financial risks.
UK Intends to Implement a New Crypto Legislation This Summer
Reading Time: < 1 minuteEconomic Secretary Bim Afolami announced that the UK government plans to introduce legislation by June or July for stablecoins, crypto staking, exchange, and custody.
The EU Does Not Plan to Ban Self-custodial Crypto Transactions
Reading Time: < 1 minuteOver the weekend, there was widespread panic in the crypto community due to misinterpretation of comments made by Patrick Breyer, a member of the European Parliament.
The EU Greenlights New Sanction Rules Involving Crypto
Reading Time: < 1 minuteEU legislators have passed a set of regulations aimed at cracking down on violations of sanctions, particularly those involving digital currencies.
Kraken Obtains a License from Dutch’s Regulator
Reading Time: < 1 minuteKraken has obtained its fourth license in Europe, enabling its compliance services to be accessible in the Netherlands.
Operators Obliged to Ensure Transparency of Crypto Transactions in EU
Reading Time: < 1 minuteThe European Union’s governing body, the Council, recently announced its plans to strengthen supervision over the use of digital currencies.
Honduras Recognizes Bitcoin as a Unit of Account
Reading Time: < 1 minuteThe economic zone of Próspera in Honduras has officially adopted Bitcoin as a unit of account.
Coinbase Gets Licensed in France
Reading Time: < 1 minuteCryptocurrency exchange Coinbase has received registration with France’s markets regulator.
ECB Study: DAO Future is Limited Due to Lack of Regulation
Reading Time: < 1 minuteA recent study by the ECB highlights the negative impact of uncertain regulatory conditions on the growth of the decentralized autonomous organization (DAO) segment.
Portugal Gives Support to EU Legislation on Crypto Regulation
Reading Time: < 1 minutePortugal is in support of this regulatory framework, but believes that oversight of cryptocurrency transactions should also happen on a global scale.
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