Binance obtains FIU approval for India return
[May 10 7:41 AM] Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.
6 / 11 Relevant items tagged with #CryptoRegulation
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Kraken counters SEC’s legal interpretation in dismissal motion
[May 10 3:25 AM] Kraken argues that the SEC’s efforts to refute unaddressed arguments indicate a misunderstanding of the case’s central points.
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
[May 8 12:00 PM] The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report.
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
[May 3 2:21 AM] According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K…
South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers
[Apr 24 2:37 AM] South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel…
Philippines Securities Regulator Requests Apple and Google to Remove Binance Apps
[Apr 23 9:23 PM] The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of…
Australian Regulator Says Crypto Is a Debenture That Requires Regulation
[Apr 17 3:43 AM] The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are…
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
[Apr 15 5:17 AM] A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting…
Study Finds 70% to 80% of Secondary Market Transactions Involve Crypto and Stablecoins
[Apr 13 5:26 AM] Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among…
Australian Securities Regulator Appeals Federal Court Ruling Favoring Finder Wallet
[Apr 10 11:37 PM] The Australian securities regulator has said it will appeal the federal court’s dismissal of its civil penalty proceedings against Finder Wallet Pty Ltd. The regulator launched penalty proceedings against the crypto firm on Dec. 15, 2022…
Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’
[Apr 10 5:25 PM] Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward…
Coinbase Reaches ‘Crucial Milestone’ in Canada With Restricted Dealer Registration
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals
US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director
Deribit’s Dubai Unit Receives ‘Conditional’ Virtual Asset Service Provider License
[Apr 3 3:19 AM] Deribit FZE, an entity owned by crypto derivatives platform Deribit, has secured a conditional virtual asset service provider from the Dubai virtual assets regulator. The license, which covers spot and derivative trading, will remain…
Nigerian Central Bank Not in Charge of Crypto Regulation, Says Governor
[Mar 27 10:30 PM] According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and…
Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
[Mar 17 1:30 AM] The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be…
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
[Mar 16 3:30 AM] The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong…
South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
[Mar 14 11:30 PM] A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South…
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
[Mar 14 5:30 AM] Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened…
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
[Mar 13 1:30 AM] The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had…
Washington Court Convicts Bitcoin Fog Founder of Aiding Darknet Drug Trade Money Laundering
[Mar 12 8:00 PM] In a recent development, the founder of “Bitcoin Fog,” a cryptocurrency-mixing service, was found guilty by a federal jury in Washington of helping to launder tens of millions of dollars from darknet markets notorious for illegal drug sales…
Wyoming Gov. Mark Gordon Signs Legislation Recognizing DAOs
[Mar 8 7:30 PM] The Wyoming governor, Mark Gordon, recently signed into law a bill that establishes a legal framework for regulating decentralized autonomous organizations under existing financial laws. The enactment of this law is also viewed as an effort to…
Entry of Tradfi Institutions Can Help Reshape User Perceptions Towards Crypto — Sami Start
[Mar 7 5:30 AM] The recent adoption of cryptocurrency by traditional financial (tradfi) institutions is likely to reshape user perceptions of this asset class and may even foster broader acceptance of blockchain technology, Sami Start, co-founder and CEO of the…
SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation
[Mar 6 9:30 PM] The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets…
Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease
[Feb 29 5:30 PM] South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain…
Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators
[Feb 28 6:30 PM] In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which also includes a $37 million fine, comes…
South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’
[Feb 26 3:30 AM] In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include stablecoins as a particular type of crypto…
FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group
[Feb 23 6:30 AM] The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident…