Regulatory Updates
Hong Kong Starts its E-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) announced the commencement of the first round of its e-HKD Pilot Programme in which 16 firms from the...
Bis Publishes a Paper on Offline CBDC Payments
The Bank for International Settlements (BIS) has published a comprehensive handbook exploring how CBDCs could work for offline payments. Titled...
Nigeria to License Exchanges Listing Asset-Backed Tokens But Not Crypto
As reported by Bloomberg, the Nigerian Regulator, the Securities and Exchange Commission (SEC), plans to allow licensed digital exchanges to list...
UAE Opens Licensing Applications for VASPS
The Securities and Commodities Authority (SCA), a regulatory agency of the United Arab Emirates (UAE), will start receiving licensing applications...
Argentina Approves Bitcoin Futures Index
The National Commission of Value, Argentina’s securities regulator, has approved a Bitcoin-based futures index set to debut on the Matba Rofex...
US Tax Authority Calls For Public Feedback on Taxing NFTS
The United States Internal Revenue Service (the IRS) plans to release guidance on treating nonfungible tokens (NFTs) as collectibles under the US...
Thai SEC Consults on Crypto Lending and Staking BAN
Thailand’s Securities and Exchange Commission (SEC) is seeking public comments on draft regulation prohibiting operators of digital asset businesses...
France Plans to Introduce Stringent Crypto Licensing Regulation
A bill providing for stricter licensing rules for new cryptocurrency firms has been passed by the French National Assembly and Senate and now needs...
UAE Plans to Issue CBDC as Part of its Financial Transformation Programme
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use...
Hong Kong Securities Regulator Hires More Staff to Supervise Crypto Industry
Hong Kong’s Securities and Futures Commission (the SFC) is hiring more staff to supervise crypto industry activities. According to its 2023-24...
UK Consults on Financial Services Regulatory Regime for Cryptoassets
The UK Treasury has published a consultation paper on the “Future financial services regulatory regime for cryptoassets” setting out proposals for...
Central African Republic Starts Developing a Legal Framework for Crypto
The Central African Republic (CAR) has set up a 15-member committee to draft a bill on the use of cryptocurrencies and tokenisation in the country....