Brazil’s Central Bank Tightens Cryptocurrency Regulations Amid Surging Adoption
Brazil's central bank, Banco Central do Brasil, is taking steps to tighten regulations on the cryptocurrency industry in response to surging cryptocurrency adoption. Crypto imports into Brazil increased by 44.2% between January and August 2023 compared to the same period the previous year, totaling ...
Hong Kong Nears Completion of Stablecoin Regulations, Set to Unveil Framework by 2024
Hong Kong is progressing towards the development of stablecoin regulations, with the final guidelines expected to be unveiled by 2024, as per disclosures by legislator Duncan Chiu. Over the past two years, Hong Kong has been diligently crafting regulations for stablecoins, with the Hong Kong Monetar ...
Hong Kong Regulators Enhance Cryptocurrency Industry Oversight Post-JPEX Scandal
The JPEX cryptocurrency exchange scandal in Hong Kong has prompted regulatory authorities to take action to enhance transparency and oversight in the cryptocurrency industry. The Securities and Futures Commission (SFC) has announced plans to publicly disclose various lists related to virtual asset t ...
In Russia, crypto exchanges require identification by document
The head of the State Duma Committee on the financial market, Anatoly Aksakov, said that the authorities are discussing the need for mandatory verification of users, in fact equating legal crypto exchanges with banksIn Yekaterinburg, the company at the Cybersecurity in Finance f ...