Memecoin regulation should be the last thing on our minds right now
Just of recent, we saw crypto prices hitting the roof, and guess what? The speculation frenzy is back, naturally. And it’s no laughing matter, even if memecoins might make you chuckle. Memecoins, those tongue-in-cheek crypto tokens that piggyback off internet humor, have made a grand comeback, making some serious waves in the crypto ocean. You […]
Inconsistency in regulations are killing stablecoins, says BIS
The Bank for International Settlements recently underscored the pressing need for streamlined stablecoin regulations across global jurisdictions. According to their extensive survey, which encompassed 11 different regions, the patchwork nature of current laws is a major roadblock for stablecoin integration into the international financial system. They’ve gone as far as to label the situation as […]
EU implements strict ban on unidentified self-hosted crypto wallets
The European Union has dropped the hammer on anonymous crypto transactions. This new rule is not just a small tweak in the financial landscape; it’s a seismic shift. With the stroke of a pen, every crypto payment zipping from one unidentified self-hosted wallet to another just got the boot. Why? Because the EU’s latest anti-money […]
Estonia approves bill to regulate crypto service providers
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in […]
UK starts process of imposing OECD’s crypto regulatory framework
Today, the United Kingdom officially made a move to incorporate the Organization for Economic Co-operation and Development’s (OECD) cryptocurrency reporting standards into its legal and fiscal framework. This came right after the country’s spring budget announcement. This crypto reporting system is expected to bring in a lot of money for the UK government, according to […]
UK set to release crypto legislation in 6 months
Amidst the bustling streets of London and the relentless pace of innovation, the government’s recent hints have sparked a mixture of anticipation and skepticism across the financial corridors. We are hearing reports that the UK is gearing up to release a comprehensive legislation that will transform the blockchain industry within the next half year. The […]
Ripple CTO predicts SEC lawsuit end in 2024, sparks hope
Ripple’s Chief Technology Officer, David Schwartz, has recently expressed optimism regarding the potential resolution of the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). In an interview with Tony Edward of Thinking Crypto, Schwartz suggested that the legal battle, which has significantly impacted the XRP community and investors, could conclude within […]
Canada makes amendments to crypto investment rules
Canada, known for its prudence in financial regulation, is set to revamp its approach to cryptocurrency investments. The Canadian Securities Administrators (CSA) recently proposed a series of amendments that would significantly alter the landscape of crypto investments for public funds. This move isn’t just a small step in regulation; it’s a giant leap for Canadian […]
UAE tightens grip on crypto with new AML rules
The United Arab Emirates has introduced updated Anti-Money Laundering (AML) and sanctions rules that specifically address digital assets. This development, spearheaded by the Financial Services Regulatory Authority (FSRA), marks a pivotal moment in the UAE’s approach to managing the evolving landscape of digital finance. With these revisions, the UAE aims to enhance its vigilance against […]
Over 40 new countries got into crypto in 2023 – Inside look
The cryptocurrency industry has witnessed a significant shift in 2023, with a remarkable 42 new countries entering the sphere. This dynamic change, as highlighted in a recent PriceWaterhouseCoopers report, underscores a global shift towards embracing and regulating digital currencies. Global Crypto Adoption: A New Wave The PwC report paints a vivid picture of the rapidly […]
What FASB’s new regulations mean for the crypto industry
The Financial Accounting Standards Board (FASB) has released new regulations that are set to redefine how companies holding digital assets like Bitcoin and Ethereum account for them. Under these new rules, companies will now have to measure their cryptocurrency holdings at their fair market value. This change, which is a significant departure from the current […]
Europe drops crypto bomb: Massive changes coming for CASPs
Europe is poised to revolutionize the cryptocurrency landscape, with the European Banking Authority (EBA) leading the charge. The EBA has set its sights on updating the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) regulations for crypto service providers, signaling a seismic shift in the regulatory terrain. Europe’s Radical Regulatory Overhaul The crux of […]
Singapore’s MAS makes big move against crypto
The Monetary Authority of Singapore (MAS) has unveiled the final segment of its responses to a consultation paper on proposed regulations for crypto service providers. This move signals Singapore’s intent to impose stringent measures on the crypto industry, aiming to strike a balance between fostering innovation and mitigating potential risks associated with digital assets. Singapore […]
Over 45 countries back this crypto regulation bill – Why?
An international alliance of 47 countries, including major economic powers like the United States, the UK, Singapore, Australia, Brazil, Canada, France, Japan, South Korea, and Switzerland, has collectively agreed to implement the Crypto-Asset Reporting Framework (CARF). This new international standard aims to facilitate the automatic exchange of information between tax authorities, marking a significant step […]
Tom Emmer takes aim at SEC in crypto amendments
The landscape of digital assets is once again at the forefront of legislative scrutiny, with House Majority Whip Tom Emmer leading a nonpartisan charge against what he perceives as the Securities and Exchange Commission’s (SEC) overreach. Emmer has introduced amendments aimed at reining in the SEC’s enforcement actions in the crypto sector until Congress formalizes […]
The US to outlaw the use of China-made blockchains and Tether’s USDT in its new proposed bill
The United States intends to indefinitely do away with networks developed by China used in powering cryptocurrency transactions. The new development will be rooted in the new bipartisan bill that was introduced by lawmakers on Wednesday. Recent developments in the financial world keep surging, and the US regulatory bodies have shown their skepticism toward cryptocurrencies, […]
Crypto Regulations in South Korea: Guidelines for Security, Compliance, and Transparency
In recent years, South Korea has emerged as a prominent player in the global cryptocurrency landscape, embracing digital currencies and blockchain technology with fervor. Cryptocurrencies, including the ubiquitous Bitcoin, have witnessed a meteoric rise in popularity among South Korean investors, traders, and businesses. This surge in interest can be attributed to a multitude of factors, […]
UAE issues stablecoin and new digital asset regulations and legislation
In the last week of September, two huge regulatory entities, the Dubai virtual assets regulatory authority and DIFC (Dubai International Financial Center) in the UAE announced updates in their crypto regulations, targeting digital assets, security tokens and stablecoins. Dubai’s Virtual asset regulatory authority (VARA) updated its virtual asset rulebook and added new regulations with regards […]
Proposed US Bill for Clear Crypto Regulations and Digital Commodity Labeling
The crypto industry has been in the regulatory crosshairs since investors were burned last year by the sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. Once seen as a niche market for tech enthusiasts, the cryptocurrency industry has undergone an astonishing transformation. It has evolved into a global economic force, attracting individual investors, major […]
Binance experts take a deep dive into crypto and compliance in a 6-part video series
Compliance has been a pain to the crypto community, and Binance has sought to address that through a 6 part video series. The crypto exchange’s move is befitting considering the fact that it has been under the toughest compliance scrutiny in the crypto world. Of the 6 videos, today marked the fourth. With two more […]
Crypto regulations myths debunked – Here are 5 takes
The crypto regulations era has become a headache. Crypto assets have existed for more than a decade, but they are still regarded as novel technology. Despite numerous attempts to regulate the crypto industry, there is still no established framework for crypto operations. This has led to numerous misconceptions regarding the regulation of crypto assets. Nonetheless, […]
