1 / 2 Relevant items tagged with #Rules

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Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

[Oct 9, 2023 10:30 PM] Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for…

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens

[Aug 16, 2023 3:30 AM] The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated”…

Binance Japan to Use KYC Services From Liquid

[Aug 13, 2023 1:30 AM] The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its…

French Regulator Revises Crypto Rules to Align With EU’s MiCA Law

[Aug 12, 2023 9:30 PM] France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses…

Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges

[Aug 10, 2023 3:00 AM] The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some…

Crypto․com Granted Registration Approval in the Netherlands

[Jul 30, 2023 2:30 AM] Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering…

Binance, CZ to Seek Dismissal of CFTC Complaint

[Jul 26, 2023 12:00 AM] Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC…

Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit

[Jun 17, 2023 3:00 AM] The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s…

EU Council Adopts New Rules for Europe’s Crypto Markets

[May 17, 2023 9:30 PM] The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive…

Tax Authority Slated to Become Main Crypto Regulator in Russia

[May 17, 2023 4:25 AM] Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service…

Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation

[Apr 23, 2023 3:30 AM] Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of…