Regulatory Updates
UK Regulator Grants Crypto Asset Activities Licence to Crypto.COM
Digital asset exchange Crypto.com has reportedly received the UK Financial Conduct Authority’s (FCA) approval to conduct crypto asset activities in...
US Lawmakers Assess Diversity and Inclusion of Crypto Firms
A group of members of the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms...
Singapore to Consult Public on Stablecoin Regulation
The Monetary Authority of Singapore (MAS) is actively researching the optimal regulatory framework for stablecoins in the country. According to...
Argentina Bars Bitcoin Traders From Buying us Dollars
Argentina’s Central Bank has said that those who have bought Bitcoin or any other digital asset in the past 90 days with pesos are prohibited from...
Paraguay Plans to Adopt Comprehensive Crypto Regulation
The Parliament of Paraguay has passed a bill establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the...
Belgian Regulator Drafts Preliminary Guidance on Crypto Assets Classification
The Financial Services and Markets Authority (FSMA), the Belgian regulator, is calling for feedback on a communication classifying crypto assets as...
EU to Extend Transparency Rules to Crypto Transfers
As we reported in our previous post, the EU was approaching agreement on regulation of crypto trading within the union. And this week the European...
Uzbekistan to Restrict Crypto Mining to Companies Using Solar Energy
Uzbekistan’s National Agency of Prospective Projects (NAPP) is to regulate crypto mining operators. Under the new regulations, only companies using...
Israel Experiments With its CBDC
The Central Bank of Israel has released the results of a lab experiment that examined user privacy and the use of smart contracts in payments in...
EU Approaches Consensus on Union-Wide Crypto Regulation
EU member states are reportedly close to agreement on the Markets in Crypto Assets (MiCA) legislative package which would introduce comprehensive...
Lithuania to Tighten Crypto Regulation
According to the Lithuanian Ministry of Finance, the national government has approved amendments to the country’s Anti-Money Laundering (AML) and...
Japan Regulates Stablecoins to Enhance Investor Protection
Japan has become one of the first countries to regulate stablecoins in the wake of the implosion of TerraUSD. The Japanese parliament passed a bill...