Regulatory Updates
US To Consider Two New Crypto Bills
Two new legislative initiatives for the crypto industry were introduced in the United States last week. Senator Jack Reed introduced a bipartisan...
EU Publishes First Consultation Paper On MICA Standards For Crypto Asset Service Providers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has published a consultation paper on the proposed...
UK Law Commission Proposes Crypto Law Reforms
The UK Law Commission has made four main recommendations following a mandate from the British government to conduct a common law analysis of crypto...
EU to Release Draft Rules For a Digital Euro This Week
The European Union is preparing to release draft rules to provide a legal foundation for a digital euro. The digital euro is expected for retail...
HSBC to Launch Cryptocurrency Services in Hong Kong
HSBC has reportedly begun offering its first local cryptocurrency services. These services will allow customers to buy and sell Bitcoin and...
Swiss Central Bank Launches Wholesale CBDC Pilot on Six Digital Echange
The Swiss National Bank (SNB) will reportedly launch a pilot program of a wholesale Central Bank Digital Currency (CBDC) on the SIX digital...
Bitcoin Soars 25% to One-Year High as BlackRock Announces The Launch of Bitcoin
Bitcoin experienced a surge of about 25% to reach a high not seen in over a year on 23 June, hitting $31,458. The rise of Bitcoin price has been...
Belgium’s FSMA Demands Immediate Halt to Binance’s Crypto Services in The Country
Amid rising global regulatory scrutiny, Binance, the world’s largest cryptocurrency exchange, was instructed by Belgium's Financial Services and...
Crypto.com Gains Spain’s Central Bank Approval to Offer Crypto Services
Crypto.com, the Singapore-based crypto exchange, has reportedly gained a virtual asset service provider registration from the Spain’s central bank....
French Firm Melanion Capital Launches Bitcoin Equities ETF on Euronext Amsterdam Stock Exchange
Melanion Capital, a French investment firm, has reportedly launched the Bitcoin Equities ETF on the Euronext Amsterdam Stock Exchange. This new fund...
Japan Crypto Exchange Association Urges Relaxation of Margin Trading Rules of Crypto
The Japan Virtual and Crypto Assets Exchange Association (JVCEA), a self-regulated body of crypto exchanges in the country, is calling for a...
Caceis Obtains AMF’S Approval to Register as a Digital Asset Service Provider
Credit Agricole and Santander’s asset servicing branch CACEIS has reportedly registered with the French market’s regulator AMF as a Digital Asset...