Tag: Crypto Regulation

The Russian State Duma has built a working group to form regulations for the cryptocurrency mining industry. Vyacheslav Volodin, State Duma Chairman on Thursday, said during the official announcement that he has instructed the legislature to make the team address regulatory gaps in the crypto industry. The Representative Committee on Security and Anti-corruption stated through its first […]

In accordance with Singapore’s cryptocurrency regulations, Huobi Global has announced that it will be closing all of its local accounts. By March 31, 2022, one of the world’s biggest digital currency exchange will have to shut doors for new customers and terminate accounts. According to a company announcement on their website on 9 November, Huobi […]

Earlier today, the Huobi Group cryptocurrency exchange announced that it would be shifting its spot trading operation from Seychelles to Gibraltar. According to a Bloomberg report, the organization has been given permission by the Gibraltar Financial Services Commission (GFSC) to transfer its operations to a related firm, Huobi Gibraltar. Huobi is a major cryptocurrency exchange […]

The Kazakhstan Senate has passed a bill that solves many financial-related challenges in the country, including the broad oversight of digital currencies. According to the local news channel, VLast, crypto service providers in the country will now be subjected to Anti Money Laundering (AML) and Know Your Customer provisions in order to mitigate the risk […]

Crypto regulation has been the topic of a number of debates for this year, as the explosion of the blockchain space attracted regulatory action from nearly every financial authority. In a recent announcement, acting Comptroller of the Currency, Michael J. Hsu, has called for increased crypto regulation.  The announcement was made at the American Fintech […]

The Australian Securities and Investments Commission (ASIC) has issued rules for crypto investment products. The rules, which were issued in a statement today, clarify guidelines for businesses and individuals regarding their obligations when offering financial products that contain cryptocurrencies. This is particularly significant for cryptocurrencies, exchange-traded products (ETFs), and other investment services. The ASIC is […]

According to a Ministry of Finance official, the Indian government is expected to reveal its highly anticipated cryptocurrency rules in February 2022. With the crypto regulation expected in the following budget hearing, the regulatory cloud may finally clear as per a report by Business Today.  The government has been hesitant to embrace cryptocurrencies and, so […]

The baltic country of Estonia plans to bring an entirely new regulatory regime by revoking licenses of all crypto exchanges. The country’s financial regulator told the media on Wednesday. As per local state-run media news, the head of the Estonian Financial Intelligence Unit (FIU), Matic Mäeker, expressed his idea to turn all the regulations to […]

Andreessen Horowitz (a16z) is gearing up for taking steps to regulate the crypto industry. This week, the Venture capital will send its executives to Washington, DC, to propose crypto regulations. With more than $3 billion investments into crypto and web3, the company confirmed its talk with top executive officers, white house leaders, and the Senate […]

The government of Russia recognizes the possible associated notorious activities related to crypto in the country. Recently they found several illegal functions, including Pyramid schemes, in which every participant brings two more investors and gets some returns from the contribution from later ones.  The Russian government has decided to find all such illegal service provider […]

Alexander Höptner, the Chief Executive Officer (CEO) of BitMEX, said that decision and actions by El Salvador deserve praise, not ridicule from international monetary authorities. BitMEX is a well-known crypto derivatives trading platform. El Salvador has adopted Bitcoin as its legal tender and has received a mixture of comments from industry experts. Höptner said that […]

Multiple sources inside the White House are claiming that the Joe Biden led administration is proposing an executive order with regards to cryptocurrencies. According to Bloomberg, the draft proposal is still being considered, yet to be passed, and neither has it been officially confirmed. The draft for an executive order regarding crypto, is reportedly being […]

As crypto adoption is at its peak, Sri Lanka does not want to lag behind other nations. The country has decided to set up a committee to study and implement blockchain technology and crypto mining. Mohan Samaranayake, the director-general of government information of Sri Lanka, shared a letter showing the approval by the government regarding […]

The Central Bank of Uruguay has issued a statement regarding the path it would tow in the regulation of cryptocurrency assets in the near future. According to the financial institution, it has already put up a team that will decide on the best course of action in regulating these assets. And this will be done, […]

The United States Securities and Exchange Commission (SEC) has been subpoenaing the Circle, the company which handles one of the largest stablecoin in the crypto industry, USD coin.  Circle has registered a regulatory filing on October 4, according to which, SEC’s enforcement division had released an “investigative subpoena” for the company in July. After receiving […]

Bitcoin (BTC) is seeing a new lease of life today, after it breached the $50,000 resistance level for the first time in weeks, a move that has ignited a new rally amongst the bulk of the altcoins. At the time of writing, the premier digital currency is up 5.78% to $50,085.30, its highest point in […]