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Regulation News

Bringing you domestic cryptocurrency regulations, cryptocurrency legislation and international cryptocurrency regulatory obligations and everything related to cryptocurrency regulations across the globe.

Crypto
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The CFTC, SEC, FBI, and IRS play different sides in crypto control – The details won’t make you happy!!

House Financial Services Committee set to introduce stablecoin bill
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House Financial Services Committee set to introduce stablecoin bill

EU
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EU’s new anti-money laundering law to impact crypto exchanges

crypto
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Central Bank of Nigeria refutes claims of imposing blacklist on crypto transactions

Hong Kong
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Hong Kong pushes for self-regulatory bodies in the crypto industry

First Web3 venture capital firm receives license in UAE
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First Web3 venture capital firm receives license in UAE

IRS
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IRS moves to classify crypto exchange wallets as brokers for tax reporting

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memecoin regulation
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Memecoin regulation should be the last thing on our minds right now

Arkansas
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Arkansas senate deliberates on cryptocurrency mining regulations

FTX Europe
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FTX Europe’s license freeze extended by Cyprus SEC

UK set to release new laws on crypto and stablecoins in June
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UK set to release new laws on crypto and stablecoins in June

Fiji
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Central Bank of Fiji claims crypto is illegal

Fiji
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Reserve Bank of Fiji declares use of Bitcoin and other cryptos illegal

FSCA
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South Africa FSCA greenlights 59 crypto licenses

Japan
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Japanese ruling party pushes for crypto tax reforms

Coinbase Challenges SEC in Court Appeal Over Cryptocurrency Regulation
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Coinbase Challenges SEC in Court Appeal Over Cryptocurrency Regulation

SEC
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Experts weigh in as SEC deviates from past decisions in recent Uniswap action

crypto
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New Zealand embraces strategic approach to crypto

ESMA
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European ESMA analyzes the impact of crypto regulation on market dynamics

crypto
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The rise and fall of a crypto kingpin

Crypto.com's Strategic Expansion into Dubai: A landmark moment has been reached Crypto.com, the world's leading crypto exchange has just joined the list of companies that have secured full operational approval from the Dubai Virtual Assets Regulatory Authority (VARA). This grant gives a legal basis to the Crypto.com Dubai office, CRO DAX Middle East FZE, as the first exchange of crypto with fiat currency that is permitted to work legally in the United Arab Emirates (UAE). This, subsequently, echoes Crypto.com's compliance willingness to regulations as well showing Dubai's proactive approach toward cryptocurrency. Integrating conventional fiat with digital currency in the United Arab Emirates The gaining of a VARA credit is a proof for crypto.com of its solid adherence to pre-operational requirements which had to be met in order to receive the virtual liquidity service provider licence in November 2023. Institutional investors are now allowed to access Crypto.com's exchange services, including the ability to trade spot markets, stake tokens, and broker trades which involve high amounts of cryptocurrency. This development is expected to focus on serving institutional customers and informed retail investors in the UAE and flourishing more crypto-oriented ecosystem in the country. Emphasizing the importance of this achievement, Eric Anziani, President, and COO of Crypto.com, said, "Being the world’s first global crypto operator operational with fiat in the UAE, considering our close co-operation with the regulators, reflects our efforts of working toward the industry in the region responsibly." This sentiment, however, was echoed by Stuart Isted, as the GM of C Expanding global footprint Crypto.com's breakthrough into Dubai is one of the many ways that company has chosen to enhance its global footprints. Crypto.com - who established in Hong Kong in 2016 and operate currently from Singapore has demonstrated the intention to expand in more locations for the past year. Among strategic partnerships and initiatives of the company we can see collaboration with the largest private investment bank of Latin America having a goal to promote the price stability of BTG Dol stablecoin and the launch of its trading application in South Korea that demonstrates the aim to hold the position of the global leader in the area. Such development into Dubai is driven during the period when Europe is deliberating the Markets in Crypto-Assets Regulation (MiCA) which can bolster Crypto.com's increasingly rapid spread into Europe in addition. The legislative space for cryptocurrencies is rapidly changing and the proactive approach to compliance and a consistent engagement with regulating agencies helps Crypto.com to gain blockbuster profit in the international market. Navigating regulatory challenges The obstacles faced by Crypto.com on the way were rather hardnut. The platform has been a subject of regulation's censure, by a penalty assigned by the Dutch central bank for the illegal registration. Nevertheless, proving its resilience with the fine cancellation and acceptance of the registration of operating in The Netherlands, Crypto.com does not back down from regulatory compliance in that field. While Crypto.com, facing the complicated regulatory system, succeeding in Dubai, widening its presence, is a remarkable achievement that may be considered a breakthrough. Besides investing into Crypto.com's global presence, this conquest provides support for the ongoing digital assets industry development in the UAE and elsewhere. Conclusion The approval of Crypto.com to commence its operation in Dubai stands as a validation of the company's growth strategy, which is concurrently with the fact that regulated and relied upon digital currencies are getting more trust with the increasing use. This coin-to-coin exchange move would definitely be the first one to take place within the borders of the UAE as Crypto.com will continue with the fiat money in their business. Thus, the exchange will then set a thorough lead for industry of virtual assets. The role of CryptoTouch will be to highlight the paradox of the crypto businesses and regulatory authorities to bring about complementarity and efficiency of the cryptocurrency environment.
#Regulation News
3 mins read

Crypto.com’s Strategic Expansion into Dubai: A landmark moment has been reached

new coins coming to crypto.com
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2 mins read

After OKX, crypto.com is now fully licensed in the UAE

SEC
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2 mins read

SEC commissioner criticizes agency’s approach to crypto regulation

Argentina
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Argentina President Milei’s crypto stance tested as country adopts international AML standards

Singapore
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Singapore fortifies crypto regulations to lead the global marketplace

Deribit
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Deribit announces strategic headquarters relocation to Dubai following regulatory approval

Hong Kong
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Hong Kong Crypto exchange HKVAEX to permanently shut down amid regulatory pressure

How Coinbase's legal roadblock might affect the crypto industry
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How Coinbase’s legal roadblock might affect the crypto industry

CFTC picks yet another fight with the SEC over KuCoin
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CFTC picks yet another fight with the SEC over KuCoin

Taiwan's Crypto Industry Takes a Leap Forward with Government-Backed Association Formation
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Taiwan’s Crypto Industry Takes a Leap Forward with Government-Backed Association Formation

CBN
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CBN Governor clarifies his stance on crypto regulation

United States
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United States Lawmakers seek SEC’s clarity on Prometheum’s ETH plans

Philippines
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Philippines announce plans to block access to Binance exchange

Hong Kong
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Hong Kong’s SFC intensifies its war against illegal exchanges

cryptocurrency
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Estonia advances cryptocurrency regulation bill amidst growing industry concerns

Estonia approves bill to regulate crypto service providers
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Estonia approves bill to regulate crypto service providers

SEC Chairman
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SEC Chairman emphasizes the need for crypto regulation

SEC
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Venture capital firm’s general counsel lambasts SEC over crypto regulation

U.S. Lawmakers edge closer to stablecoin legislation agreement
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2 mins read

U.S. Lawmakers edge closer to stablecoin legislation agreement

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