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Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry
21.3.2023
Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
12.3.2023
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced...
Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP
6.3.2023
The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way...
Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading
1.3.2023
Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset...
Indian Finance Minister Pushes for International Cooperation on Crypto Regulation — Discusses Awareness Campaign
23.2.2023
Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulators’ crypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian Finance...
How Hong Kong Is Gearing Up to Regulate Stablecoins
21.2.2023
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications
Zambia Experiments with Technology to Regulate Cryptocurrency – Here's What You Need to Know
20.2.2023
Zambia has embarked on a mission to regulate crypto and is testing technology to do just that, the Ministry of Technology and Science announced.
According to the Technology and Science Minister Felix Mutati, the testing will be done through the Security Exchange Commission and Bank of Zambia. ...
Zambia Testing Technology to Regulate Cryptocurrency — Government Minister
19.2.2023
The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve....
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers
16.2.2023
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate crypto products to protect...
South Korea’s Crypto Firms Will Have to Self-Regulate Under New Guidance
15.2.2023
Crypto firms will conduct their own self-assessments before regulators step in, a lawyer in South Korea told CoinDesk
India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation
14.2.2023
India is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation...
Consumer Federation of California reattempts to regulate crypto companies
12.2.2023
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation
CFTC Chair: Agency Well-Positioned to Regulate Crypto
4.2.2023
The Commodity Future Trading Commission is "well positioned" to address regulatory gaps in the crypto market, according to CFTC Chair Rostin Behnam.
In prepared remarks for a February 3 American Bar Association event, Behnam said his stance toward cryptocurrencies has not changed. He said...
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...
US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action
30.1.2023
U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up...
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
29.1.2023
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation...
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...
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
26.1.2023
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act
After FTX: How Congress Is Gearing Up to Regulate Crypto
23.1.2023
SBF was crypto’s number one influencer in Washington. Now the collapse of FTX is fueling a crackdown, says Jesse Hamilton
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...