Regulatory Updates
Chinese court declares cryptocurrency is “not protected by law” 23 August 2021
A statement by a Chinese provincial high court that “investing or trading cryptocurrency is not protected by law” may set a precedent for other...
China’s Regulator cracks down on illegal cryptocurrency trading 18 August 2021
The Shenzhen branch of the People’s Bank of China (PBOC) has reportedly set out to “correct” the business activities of 11 companies allegedly...
BitMEX confirms it has reached settlements with CFTC and FinCEN 10 August 2021
BitMEX, one of the world's largest trading platforms for crypto derivatives, announced that it has settled a dispute with both the United States...
SEC charges crypto exchange with securities law breach 9 August 2021
The United States Securities and Exchange Commission (SEC) has charged crypto exchange platform, Poloniex, with operating an unregistered online...
Singapore grants first regulatory approval to crypto exchange 3 August 2021
Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an...
Kazakhstan plans to authorise local banks to open accounts for cryptocurrency transactions 27 July 2021
Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies. According...
81 countries are now exploring a CBDC 26 July 2021
The Atlantic Council has recently launched an online resource – the Central Bank Digital Currency (CBDC) Tracker – offering a global look at the adoption of central bank digital currencies.
EU plans to ban large anonymous transfers of cryptocurrency as an anti-money laundering measure 20 July 2021
The European Commission has submitted a new proposal that would require crypto-asset service providers to collect additional anti-money laundering...
SFC announces Binance not licensed to sell stock tokens in Hong Kong 16 July 2021
The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, announced that Binance, one of the world’s largest cryptocurrency...
UAE is considering launching a digital currency 12 July 2021
The UAE Central Bank has set its objectives for 2023-2026, among wihich is a plan to launching a digital currency. In all there are seven...
Russia to allow authorities to confiscate illegally obtained digital assets 7 July 2021
Russia is amending its laws to allow the confiscation of digital assets that have been obtained from illegal activities. According to Russia’s...
UK regulator warns against investing with unregistered crypto companies 23 June 2021
The U.K. government is actively seeking to curb criminal behaviour that utilises crypto, such as money laundering and terrorism financing. All...