Regulatory Updates
Russia may impose blanket crypto ban in 2022 17 December 2021
Speaking at a press conference on 17 December, the Russian Central Bank governor raised the possibility of a blanket ban on cryptocurrency-related...
South Africa plans to adopt crypto regulation to protect investors 10 December 2021
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), is reportedly planning to introduce a regulatory framework...
Reserve Bank of Australia reports on Wholesale CBDC Research Project 8 December 2021
The Reserve Bank of Australia, Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys, with input from King & Wood Mallesons, have...
Singapore’s regulator suspends crypto exchange’s licence over misleading promotion 6 December 2021
The Monetary Authority of Singapore has suspended the licence of Bitget, the Singapore-based crypto exchange following a dispute over its promotion...
US Congress will hold a hearing on digital assets with CEOs of major crypto firms 2 December 2021
The chair of the House Committee on Financial Services of the US Congress has announced that the chief executive officers of several major US crypto...
The EU moves towards crypto regulation 25 November 2021
The European Council has taken a position on two proposals that are part of its digital finance package: the Regulation on Markets in Crypto Assets...
Israel adopts new AML rules for crypto 17 November 2021
According to local news agencies, Israel has adopted new regulations for the cryptocurrency industry aimed at combatting illegal activities such as...
Hong Kong SFC reportedly considering allowing retail investors to trade crypto ETFs
The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, is reportedly considering regulatory amendments to allow retail...
Russian Parliament’s plans for crypto mining regulation 12 November 2021
Russia’s State Duma has formed a working group to draw up regulations governing the cryptocurrency mining industry. Its Chairman, Vyacheslav...
German and Italian Central Banks discuss mechanisms for DLT-based asset settlement
Banca d’Italia and Deutsche Bundesbank, the Central Banks of Italy and Germany, held a joint workshop to share experiences on the settlement in...
FATF’s update of its 2019 guidance includes specific guidance on DeFi 28 October 2021
In October 2021, the Financial Action Task Force (FATF) updated its 2019 Guidance for a Risk-Based Approach for Virtual Assets and Virtual Asset...
Australia considers enhancing crypto regulation 22 October 2021
An Australian Senate committee has recommended a set of new rules to establish a clear framework for the country’s digital assets sector. The...