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Cryptocurrency Regulations Set to Help Minimize Risks Associated With Crypto Trading — Turkey Finance Minister

[Jan 12 5:00 AM] Mehmet Simsek, the Turkish Finance Minister, recently revealed that a draft of his country’s crypto regulations is now in the final stage. Simsek said that once they come into force, the new regulations will help minimize the risks that are…

Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer

[Jan 7 12:30 AM] Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however…

Central Bank of Brazil Opens Public Consultation on Virtual Assets Service Provider Rulemaking

[Dec 19, 2023 2:30 AM] The Central Bank of Brazil opened a new public consultation to obtain feedback for regulating the operations of virtual assets service providers (VASPs) in the country. The bank organized a questionnaire of 38 questions divided into different…

Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’

[Jun 25, 2023 2:30 PM] The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions…

Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator

[Jun 16, 2023 5:30 AM] Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx…

Crypto Policy: Kenyan Senate Ready to Engage Central Bank

[Feb 24, 2023 11:30 AM] The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset…

Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework

[Feb 16, 2023 6:30 AM] The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an…

UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit

[Jan 21, 2023 3:30 AM] The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan…

President of Brazil Sanctions Cryptocurrency Law

[Dec 23, 2022 5:00 AM] President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180…