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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...
India Keeps Restrictive Crypto Tax Rules In 2023 Budget
1.2.2023
Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback
31.1.2023
The Treasury also gave crypto companies a time limited exemption to approve their own crypto promotions until more regulation comes
Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
31.1.2023
The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets
Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250B Bond Can Be Revealed
31.1.2023
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond
Philippines Securities Regulator Seeks Comment on Draft Crypto Rules
30.1.2023
Draft laws published this month seek to bring crypto assets under the purview of the country's Securities and Exchange Commission
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Binance tightens NFT rules: Nifty Newsletter, Jan. 18–24
25.1.2023
Lawyers believe that NFT court orders could help reach defendants that cannot be contacted using ordinary means
US Needs ‘Rules of the Road’ for Crypto or Risk Falling Behind in Market Leadership
25.1.2023
Linda Jeng of the Crypto Council for Innovation says the U.S. needs to establish clear crypto guidelines or it may run the risk of falling behind in innovation and market influence
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
‘No Point’ to European Union's Crypto Rules Unless World Follows Suit, Official Says
19.1.2023
FTX's collapse may have added fuel for those seeking stricter crypto rules, but even the good guys may get it wrong, financial services commissioner Mairead McGuinness told CoinDesk
Binance tightens rules on NFT listings
19.1.2023
The exchange will delist NFTs with low trading volume and listed prior to new KYC rules starting February
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
19.1.2023
Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...
SEC of Thailand issues crypto custody provider rules
17.1.2023
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of occurrence of any unforeseen events
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
15.1.2023
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based...
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
15.1.2023
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto...
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...