Regulatory overview
CBDCs are becoming increasingly popular around the world, with many countries exploring the possibility of issuing their own digital currencies. In this article, we will explore the investigation and adoption process of CBDCs in several countries, which already run their CBDC Pilots.
In June South Korea has passed its landmark Virtual Asset User Protection Act, which integrates 19 crypto-related bills, aimed at protecting investors from the risks associated with cryptocurrencies. This note provides an overview of the current state of cryptocurrency regulations in South Korea, as well as the country's adoption of cryptocurrencies.
Ripple Secures Landmark Victory in SEC Case Over XRP Cryptocurrency, the New Bank Of International Settlements Report On the Key Elements And Risks of The Crypto Ecosystem And the Overview of the European Banking Authority Guidelines for Stablecoin Issuers. A Highlight of the Past Week.
Dubai’s VARA new licensing fees for crypto companies, the EU Directive for wealth confiscation and property seizure and Bill Proposal in Israel to exempt foreign residents from capital gains tax on the sale of digital currencies. The highlight of the past week.
The all-new South Korean Virtual Asset Protection Act which integrates 19 crypto-related bills, Argentinian efforts to adopt the FATF-style crypto regulation and FTX bankruptcy update. The highlight of the past week.
Cryptocurrency has been a hot topic in the financial world for several years now. As the popularity of digital assets continues to grow, governments around the world are grappling with how to regulate them. The United Kingdom is no exception. In this article, we will explore the current state of cryptocurrency regulation in the UK.
Cryptocurrency exchange Binance is facing problems from regulators not only in the U.S., but also in Europe. A new standard for providing information for cryptocompanies was developed by the OECD. In Brazil, the Central Bank will be granted powers to regulate cryptocompanies. The highlight of the past week.
The US SEC enforcement actions against Binance and Coinbase, the new stablecoin bill proposal in the US Senate and UK’s restrictions for crypto advertisement. The highlight of the past week.
The UAE Central Bank’s new guidance for virtual assets, the new CFTC’s proposal to revise its risk management requirements and signing MiCA into bill in the EU. The highlight of the past week.
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.