Regulatory Updates
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...
U.S. first bitcoin futures ETF shows positive trend at the beginning of trading 20 October 2021
The first U.S. bitcoin futures-based exchange-traded fund started trading this week and showed positive results. The ProShares Bitcoin Strategy ETF...
US Regulator expected to allow the launch of Bitcoin futures ETFs 15 October 2021
The Securities and Exchange Commission (SEC) is expected to allow Bitcoin futures ETFs to begin trading on U.S. exchanges this month in a first for...
South Korea may postpone enforcement of crypto tax law 11 October 2021
A group of South Korean lawmakers has challenged a crypto tax law coming into effect in 2022. The proposed tax law would impose a 20% levy on...
Hong Kong explores the potential of a digital HKD 5 October 2021
Hong Kong’s Monetary Authority (HKMA) has released a whitepaper on retail central bank digital currencies (CBDCs) while it continues to explore the...