Tag: Crypto Regulation

With the various partnerships, laws, and regulations, market movements, and controversies, TheCoinRise is back with a little spice from all around the globe in the crypto industry for November 26, Friday. The Crypto market was doing great with a lot of greenery, but sudden news of a new Coronavirus variant somewhere in South Africa hugely […]

The Financial Services Commission (FSC) in South Korea has released a report laying out its new definition of cryptocurrencies and digital assets. It also proposed new methods for token issuers and penalties for non-compliance. Individuals or platforms that mint non-art NFTs for trading purposes, as well as decentralized finance projects, could face onerous regulations under […]

With the various partnerships, listings, delistings, and controversies, along with the crypto market getting stable amidst Indian investors’ panic selling, TheCoinRise is back with a little spice from all around the world in the crypto industry for November 25, Wednesday. Market is greenish Bitcoin has finally crossed the $58,000 critical level and is eyeing $60,000 […]

Finland’s regulators have issued an official alert in response to the growing bitcoin frenzy. According to the Finnish Financial Supervisory Authority (FSA), selected digital currency service providers are eligible to promote digital currencies in Finland.  Finland is a country with a high level of economic freedom. As per the American conservative think tank Heritage Foundation, […]

Hillary Clinton, former secretary of state, said that crypto markets need a strong regulatory framework to protect investors from market manipulation by countries like China and Russia. During her recent interview with Rachel Maddow, MSNBC TV news host, on November 24, she talked about social media platforms’ contribution to market manipulation of specific countries. Clinton’s […]

The $2.4 trillion worth Pension Fund Industry of Australia has expressed its concerns about the $2.5 trillion crypto industry. The pension industry finds the Decentralized industry risky, as one prominent figure from the sphere talked about it.  The chief investment officer of the Spirit Super, a A$27 billion superannuation fund, Ross Barry, during an interview […]

Even if the crypto business has evolved beyond its infancy, some of the challenges it faces today can be traced back to when it was still in its infancy. One such issue is the lack of regulation and oversight. Which has been a problem for the sector specifically because state and federal regulators want to […]

Crypto exchange giant Binance said that the compliance-friendly approach after huge regulatory pressure worked amazingly well in the retention of users. During an interview with Bloomberg, the company’s CEO, Changpeng Zhao (CZ) revealed that many users left the crypto exchange after making the Know Your Customer (KYC) process mandatory. After years of a cat-mouse game […]

Russian lawmaker, Alexei Savatyugin, who doubles as the Auditor of the Accounts Chamber (the parliamentary body that deals with financial control) has extended another bout of caution to digital currency investors in the country, reminding them of the risks inherent in the nascent asset class. According to the auditor, the inherent value of crypto assets […]

Israel, the country known for having some of the holiest sites in the world, is diving deeper into the ocean of crypto. It has reportedly passed a new set of regulations to combat illegal activities, including terrorism financing and money laundering. As per the report by a local news agency Globes, the government on Sunday has passed […]

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 […]