Hong Kong has recently introduced new regulations for the cryptocurrency industry. The new legislation aims to regulate virtual asset service providers and retail investors trading in cryptocurrencies. This article provides an overview of the new legislation, restrictions, and penalties.
In October 2022, the South African Financial Sector Conduct Authority established that crypto assets are a financial product and subject to FSCA regulations under section 1(h) of the Financial Advisory and Intermediary Services Act. The new regime will come into force on June, 1. We are taking a look at South African crypto regulation and reporting about major changes that will take place in June.
The International Organization of Securities Commissions’ proposal to regulate crypto, new licensing regime for crypto companies in South Africa and Japan’s updated AML/CFT rules. The highlight of the past week.
The introduction of the Mint Act, a new legislation to ban CBDC in the USA, Pakistan’s attempts to block cryptocurrencies in the country and South Korean investigation against major crypto exchanges. The highlight of the past week.
The new EU’s tax transparency rules for crypto-asset transactions, restrictions for the Argentinian payment services to facilitate crypto transactions and Russia’s plans to create crypto regulation. The highlight of the past week.
The U.S. future development of the crypto legislation and introduction of the Financial Technology Protection Act and Hong Kong’s regulatory update. The highlight of the past week.
Hong Kong calls on financial institutions to provide services to licensed crypto companies, the new bankrupt bank in the USA and Zimbabwe’s gold-backed national token. A highlight of the past week.
The UAE SCA started receiving license applications from companies wishing to provide virtual asset services and the U.S. SEC found another victim for a new lawsuit. A highlight of the past week.
The IMF's forthcoming CBDC Handbook for national central banks, the U.S. Department of Treasury DeFi risk assessment and Hong Kong efforts to become a crypto center. The highlight of the past week.
The UAE is tightening rules for crypto companies, Hong Kong’s efforts to become a new global crypto hub instead of the USA and Seychelles’ plans to develop a comprehensive legal framework for crypto. A highlight of the past week.
U.S. Democrat Senator Elizabeth Warren announced in her Twitter that she is «building an anti-crypto army» as part of her re-election campaign. We find out what threats does it pose to the crypto industry and what else Ms. Warren is famous for.
The U.S. Financial Accounting Standards Board proposal for accounting and disclosure rules for crypto assets. Amendments to the EU AML/CFT regulatory framework and more. The highlight of the past week.