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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…

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

[May 11, 2023 5:30 AM] The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses…

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

[Mar 9, 2023 3:30 PM] According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR…

Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading

[Feb 28, 2023 5:30 PM] Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated…

Binance to Increase Presence in Poland in Compliance With Local Regulations

[Jan 20, 2023 1:30 AM] Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch…

ECB to Decide Whether to Issue Digital Euro in 2023

[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

[Dec 11, 2022 12:30 AM] Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…

Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

[Dec 9, 2022 6:30 AM] The European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are…

Uzbekistan Licenses 2 Crypto Exchange Service Providers

[Nov 21, 2022 5:00 AM] The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell…