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Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply With Information Request – Matter Referred to Law Enforcement
9.9.2022
Thailand’s securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and his company failed...
Israel's Markets Regulator Grants First Crypto License to Private Company: Report
8.9.2022
Hybrid Bridge Holdings Ltd. is reportedly the first company to receive a permanent license from the country's capital markets authority to engage in crypto-related business activities
Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'
7.9.2022
According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
7.9.2022
Vermont's Department of Financial Regulation alleged that crypto lender Celsius boosted its balance sheet by counting its CEL token holdings as assets, boosting those tokens' value and "artificially inflating" its net value
Last-gasp Brazilian Securities Regulator Intervention Could Scupper MPs’ Efforts to Police Crypto
6.9.2022
Brazilian markets regulator says it wants to play a leading role in regulating crypto – in a move that could derail parliamentarians’ own attempts to regulate the sector.
Per the financial arm of the newspaper giant Globo, the Brazilian Securities and Exchange Commission, known locally as the...
Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
5.9.2022
Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial Times reported Monday
Crypto Ads in Thailand Must Feature Clear Investment Warnings, New Regulations Require
2.9.2022
Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims. Securities Watchdog Adopts Stricter...
Metaverse Scammers Have a Bridge to Sell You. This Alabama Regulator Is Fighting Back
1.9.2022
The Alabama regulatory agency is struggling to identify suspects in virtual real estate scams, but that hasn’t stopped them from trying to warn people about the dangers of the metaverse
Japanese Regulator Wants to Reform Crypto Tax Laws for Companies & Investors
1.9.2022
Japan’s top financial regulator, the Financial Service Agency (FSA), has indicated that it is prepared to reform the nation’s tax laws that govern the way firms and their investors are taxed on their interactions with crypto....
Read More: Japanese Regulator Wants to Reform Crypto Tax Laws...
Singapore Considers Stricter Rules for Retail Crypto Investors — Regulator Says Cryptocurrencies Are ‘Highly Hazardous’
30.8.2022
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief....
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
29.8.2022
The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly...
Australia's markets regulator to prioritize shielding citizens from crypto harm
24.8.2022
Part of its actions will include raising public awareness about the risks inherent in crypto-assets and decentralized finance
No Safety Net From Crypto Collapses, German Regulator Warns
23.8.2022
BaFin has toughened its warnings about consumers potentially losing all their money invested in crypto because they are unprotected, unlike holdings with regulated banks
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...
Canadian Bank Regulator Details Crypto Liquidity, Backing Rules
19.8.2022
Canada joins U.S., European central banks in explaining how their supervised entities can engage with crypto
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers
19.8.2022
The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection...
ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services
19.8.2022
The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized. ECB’s Regulatory Plan for Crypto Assets...
CFTC Commissioner: Crypto Market Needs Clear Guidelines on Its Regulator
18.8.2022
Commissioner Kristin N. Johnson joined CoinDesk TV’s “First Mover,” to discuss the future of cryptocurrency regulation in the U.S
KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator
18.8.2022
Sixteen international crypto exchanges – including KuCoin and the Mexican heavyweight MEXC – have landed in hot water with South Korean financial regulators for failing to comply with local guidelines and allegedly courting domestic clients without operating permits....
Read More: KuCoin & 15 More...