South Korea is considering regulatory sandbox access for digital asset services

South Korea has expanded plans for its financial regulatory sandbox to include digital asset related laws, opening the door for a wider range of blockchain and fintech services to seek regulatory exemptions.

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Crypto work being added to IRS: something unfamiliar

The Internal Regulatory Authority has revealed a plan to the government to include self-employed workers with the Portuguese finance authority as digital assets service providers. The IRS has been making efforts to add taxes to several entities and people within,…

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Bahamas prime minister says they could not have prevented FTX collapse

The Bahamas’ prime minister told parliament on Wednesday that the government could not have avoided the collapse of the digital asset exchange FTX and that it had not discovered any “deficiencies” in its crypto legislation.

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Crypto skeptic Brad Sherman: Federal financial regulators ‘sound like Sam Bankman-Fried’

The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.

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FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for

Hedge funds and asset managers are deploying digital asset teams, but a lack of regulatory clarity is holding them back.

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Circle Secures In-Principle Regulatory Approval From Singapore’s MAS

USDC Coin (USDC) stablecoin issuer Circle has received in-principle approval from The Monetary Authority of Singapore (MAS) to offer digital payment services in Singapore, according to a press release on November 2, 2022.

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Gibraltar Will Focus on Stablecoins and DeFi Lending After Market Turmoil

The country wants to develop its regulatory framework for crypto, Albert Isola MP, Minister for Digital and Financial Services said in an interview with CoinDesk.

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Singapore Financial Regulator Seeks Stakeholder Input On Proposals For Digital Payments

On October 26, 2022, the Monetary Authority of Singapore (MAS) released two consultation papers namely, the Proposed Regulatory Measures for Digital Payment Token Services and the Proposed Regulatory Approach for Stablecoin-Related Activities.

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Is Ethereum A Security? Cardano’s Charles Hoskinson Sheds Some Light

Since Ethereum moved from a proof of work (PoW) to a proof of stake (PoW) mechanism, there has been an ongoing debate on whether the digital asset is now a security or a commodity. Notable figures have shared their insight on this and how the regulatory bodies are actually classifying cryptocurrencies. The latest is Cardano […]

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U.K. Seeks To Regulate Bitcoin, Crypto Similar To Current Financial Instruments: Report

The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.

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JPMorgan Taps Former Celsius Exec As Crypto Regulatory Policy Director

Nothing supersedes personal experience. At least that seems to be the case with a new JPMorgan Chase hire this week, as the financial firm has brought in former Celsius executive Adam Iovine to serve as a director of digital assets regulatory policy, according to a variety of reports on Wednesday, which cite Iovine’s LinkedIn page.

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Macau’s Executive Council seeks to subject digital currencies to same regulations as fiat

Macau Macau’s Executive Council has submitted a draft of an umbrella regulatory framework that concerns the legal standardization of all currencies in the region, including digital currencies, to the Legislative Council for deliberation, according to a news release by the Executive Council on October 14.

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It’s time for the feds to define digital commodities

Europe will leave the United States behind unless lawmakers act to provide clear regulatory definitions for cryptocurrencies.

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Blurred Regulatory Lines Leave Bitcoin Investors In Limbo With Little Hopes For Clarity Before End Of Year

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US senator bill seeks to cushion crypto exchanges from SEC enforcement actions

The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws.

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US lawmaker hints at calling for Republican votes in 2022 midterms over crypto policies

Representative Patrick McHenry said regulatory clarity for digital assets would be one of his "top priorities" if he became the next chair of the House Financial Services Committee.

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Crypto.com scores fresh regulatory approval in France

The digital asset platform was focused primarily on acquisitions and sponsorship deals through the bull market but now seems to have shifted toward expansion, especially in Europe.

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Crypto.com granted regulatory approval in France

Crypto. com, a Singapore-based crypto trading platform that’s among the fastest-growing in the world, has secured regulatory approval to offer its services in France as a Digital Asset Service Provider (DASP).

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California Gov. Newsom explains veto of NY-styled BitLicense crypto business bill

California Governor Gavin Newsom on September 23 overruled Assembly Bill-2269 Digital financial asset businesses: regulation – a crypto regulatory framework. The post California Gov.

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Robinhood Launches Crypto Wallet on Polygon While Revolut Gets Regulatory Green Light in UK

Digital bank Revolut has been added to the U.K. Financial Conduct Authority’s (FCA) list of registered crypto firms as zero-fee brokerage firm Robinhood trials a new Polygon wallet. The post Robinhood Launches Crypto Wallet on Polygon While Revolut Gets Regulatory Green Light in UK appeared first on BeInCrypto.

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Crypto Regulation Is Coming. Which Tokens Could Be Affected? 

Several crypto projects could face enforcement action under recently proposed regulatory guidelines. U.S. Moves Toward Crypto Regulation The U.S. government is getting to grips with digital asset regulation. In recent...

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Israeli Exchange Bits of Gold Becomes First Crypto Firm to Receive Capital Markets License

The country's capital markets authority recently granted Israel's first crypto license to a private company that is not currently offering digital asset services, making Bits of Gold the first industry player to receive regulatory approval.

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Ripple vs. SEC: Latest Development Could Be Boon for Regulatory Clarity

The Chamber of Digital Commerce wants the court to shape the regulatory framework for cryptocurrencies

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First Crypto Regulatory Framework Released By The White House, Here’s More About It!

United States President Joe Biden has passed an executive order on crypto, which is called “Ensuring Responsible Development of Digital Assets. After this, the federal agencies introduced a joint fact sheet on six principal directions for regulation in the U.

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White House Releases First Crypto Regulatory Framework—Here’s What You Need to Know

The White House has indicated that it wants to protect consumers, fight financial crime, and look into launching a digital dollar. White House Publishes Crypto Framework The U.S. government is...

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Abra announces plans for US bank supporting digital assets

Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively.

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California Is Leaving No Stone Unturned To Protect Residents Engaging In Digital Financial Asset Business Activities

The state of California, in the United States (US), plans to streamline the playing field by putting regulations for crypto players in place. The bill introduced by Assemblymember Timothy Grayson, titled “Digital financial asset businesses”, aims to set the regulatory framework for crypto businesses operating in California.

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Australia Starts Research Program to Explore Digital Asset Opportunities

The DFCRC is an industry-led cross-disciplinary consortium that has 25 partners from the finance, academia and regulatory sectors, including the Reserve Bank. Australia's Reserve Bank Governor Philip Lowe was at the launch.

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Dubai Issues Guidelines for Crypto Promotion

Dubai’s digital asset regulatory authority has issued regulatory guidelines regarding the marketing, advertising, and promotion of cryptocurrencies. The post Dubai Issues Guidelines for Crypto Promotion appeared first on BeInCrypto.

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Dubai’s Virtual Assets Regulator Launches Guidelines on Marketing

Dubai’s Virtual Assets Regulatory Authority (VARA) recently announced new regulatory guidelines on advertising, marketing and the promotion of virtual assets to advance responsible business growth across the digital asset industry.

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Australia Plans To Become A Crypto Market Leader Under New Regulations

Australia has vowed to improve its crypto-assets regulatory system through “token mapping” to provide greater customer protections and stay ahead of the digital evolution curve. Unveiling the plan on Monday, the country’s treasury noted that despite the number of taxpayers interacting with Bitcoin, Dogecoin and other crypto assets skyrocketing since 2018, regulations in the sector […]

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Crypto Exchange Coinify Obtains Regulatory Approval to Operate in Italy

The now-bankrupt crypto lender Voyager Digital acquired the exchange for $84 million in stocks and cash last August.

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Binance obtains in-principle approval to operate in Kazakhstan

The major crypto exchange has secured regulatory approval in 2022 to operate as a digital asset service provider in France, Bahrain, Spain and Dubai.

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Senators Stabenow, Boozman introduce crypto bill that extends CFTC's regulatory powers

The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening.

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Korean crypto exchange KODA to use Uppsala to boost AML and threat detection

Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to supply digital asset AML solutions to KODA (Korea Digital Asset), a South Korean crypto exchange.

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The Global Digital Assets Investment Summit announced for Singapore and Dubai

The Global Digital Assets Investment Summit is a forum for industry leaders and investors to discuss the future of digital and crypto-asset investments. The global digital assets market is continuously shaking up the financial system and has prompted the beginning of global regulatory change and a monetary revolution that no one can afford to ignore.

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Window Opens for Industry Players to Shape the Crypto Regulatory Framework

In March 2022, US President Joe Biden signed an executive order directing federal agencies to develop a strategy and national policies to ensure the responsible development of digital assets in the US.

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Survey reveals high penetration and adoption of crypto in Saudi Arabia

Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.

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Celsius and Voyager Implosion Forces Greater Regulatory Scrutiny in Texas and Alabama

Authorities in Texas and Alabama are widening their inquiry into the collapse of crypto-lending companies, Voyager Digital and Celsius Network. The post Celsius and Voyager Implosion Forces Greater Regulatory Scrutiny in Texas and Alabama appeared first on BeInCrypto.

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The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation

MiCA Rapporteur in the European Parliament Stefan Berger said the EU has become the first jurisdiction with a regulatory framework for digital assets. What’s the essence of this paper? The stablecoin reserves will be split – issuers will have to comply with strict operational and prudential rules and the volume of transactions will be limited […] Сообщение The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation появились сначала на Coinstelegram.

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CoinShares gets its latest regulatory nod, paving the way for...

Digital asset investment company CoinShares announced on Tuesday that it has completed the acquisition of a cryptocurrency business, subject to EU regulations. This step is likely to pave the way for The post CoinShares gets its latest regulatory nod, paving the way for... appeared first on AMBCrypto.

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Crypto Market Volatility: How Regulatory Frameworks Can Help Temper Bearish Conditions

Regardless of its growing popularity and market dominance, the crypto market is often criticized for its extreme volatility. In the early days, the primary reason behind the volatility was the newness of digital assets.

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WonderFi completes $30M acquisition of crypto platform Coinberry

WonderFi Technologies Inc, a leading platform for digital assets adoption, has today closed the $30 million acquisition of Canada-based crypto trading platform Coinberry. Coinberry boasts regulatory approval from the Canadian Securities Administrators (CSA), and is the country’s first pure-play regulated crypto broker.

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US-UK FIP June Meeting Signals Countries’ Interest In Digital Assets & Stablecoins

The US-UK Financial Innovation Partnership held its third Regulatory Pillar meeting on 29 June. Both countries’ representatives met in London to discuss subjects of mutual interest in the area of the growing industry of crypto assets and stablecoins.

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Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

An increase in crypto popularity triggers the moves from different jurisdictions to regulate digital assets. They see the need to control most activities within the space to secure investors’ funds.

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Former Chancellor says UK is falling behind on crypto opportunity

The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading.

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Lummis-Gillibrand crypto bill comprehensive but still creates division

The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities.

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FINRA CEO welcomes crypto employees who were laid off as agency increases focus on digital assets

Financial Industry Regulatory Authority (FINRA) CEO Robert Cook talked about the agency’s direction towards the crypto market to understand and monitor cryptocurrencies and said that people recently laid off from crypto companies were welcome to join FINRA, Reuters reported June 14.

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Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future

Despite the crypto winter, the conference drew in 17,000 people to discuss the crypto regulatory landscape, Web3 development and the future of digital assets.

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«Why enough is enough»: Stuart Alderoty pointed to the need to eliminate the regulatory sludge

Ripple’s general counsel Stuart Alderoty pointed to the need to eliminate the regulatory sludge. Ripple’s general counsel Stuart Alderoty tweeted: 4 years since the (in)famous Hinman speech, and we’re nowhere closer on knowing how to classify digital assets in the...

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