Tag: regulation
Bank of England Watchdog Requests Crypto Asset Disclosures
Bank of England watchdog requests firms to disclose crypto disclosures to shape future regulations and ensure financial system stability. The Prudential Regulation Authority (PRA), part…
GRVT Becomes First DEX in Bermuda to Secure Regulatory Approval
GRVT, the first DEX in Bermuda to gain regulatory approval, sets a new standard for DeFi, promoting innovation and institutional trust. The hybrid cryptocurrency exchange…
ASIC Seeks Feedback on Crypto Licensing and Classification
ASIC consultation paper clarifies crypto asset classification and licensing requirements, aiming to enhance compliance and protect consumers in Australia. The Australian Securities and Investment Commission…
Russia Expands Cryptocurrency Regulations with New Law
Russia’s new law, signed by Putin, expands cryptocurrency regulations, enhancing oversight of mining activities and establishing regional restrictions starting November 1st. The Russian government released…
South Korea to Regulate Cross-Border Crypto Transactions
South Korea announces new regulations for cross-border cryptocurrency transactions to combat forex crimes and enhance consumer protection in the digital asset market. South Korea is…
Kamala Harris to Support Crypto Regulatory Framework
Kamala Harris to support crypto regulatory framework, focusing on financial inclusion and protection for digital asset investors in 2024 election. Kamala Harris, the Democratic presidential…
Japan’s FSA Set to Reclassify Crypto in Rule Review
Japan’s FSA may reclassify cryptocurrency as financial instruments. Current crypto taxes could be reduced from 55% to 20% if shifts are made. According to Bloomberg,…
Nigeria Set to Introduce Crypto Tax Law by September
Nigeria’s FIRS plans to introduce a crypto tax law by September to address regulatory gaps. The changes aim to modernize Nigeria’s revenue structure and regulate…
Turkey Sees a Surge in Crypto Licenses as New Regulations Spark Industry Interest
Turkey’s new crypto legislation has sparked an influx of 47 license applications. 76 crypto exchanges, including Coinbase and KuCoin, have applied for licenses in Turkey.…
