regulations

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

Singapore's Monetary Authority (MAS) has issued Ripple a comprehensive license for providing cryptocurrency services. This license represents the practicality of crypto solutions for both businesses and financial institutions, underlining a significant advancement toward the broader adoption of digi ...

Recent developments in the crypto space in Hong Kong could potentially boost cryptocurrency activity in East Asia, which has been impacted by China's ban on trading activities since 2019. According to a report by Chainalysis, cryptocurrency value received in East Asia accounted for just 8.8% of the ...

State-owned telecommunications company China Mobile has proposed to introduce digital identification for all meta-universe users for the sake of maintaining order and security in the virtual world. The digital ID of meta-universe users should include, China Mobile suggests, a range of data includ ...

The Uzbek authorities have authorized private banks Ravnaq Bank and Kapital Bank to issue virtual cryptocurrency cards. This is reported by the National Agency for Advanced Projects (NAPP). The NAPP approved Ravnaq Bank's participation in a pilot project to develop a virtual bank card that can ...

The Ontario Securities Commission (OSC) is investigating the cryptocurrency exchange Binance even after it left the Canadian market. The regulator is trying to get some documents and data from the platform. In mid-May, Binance said ...

Cryptocurrency exchange Bybit announced its departure from the Canadian market. The reason, as in the case of Binance, was the new regulations in the country. Already today, May 31 Bybit exchange will cease to register new users from Canada. Existing users will not be ...

U.S. presidential candidate Robert Kennedy Jr. again supported bitcoin and said that the SEC should not have people opposed to cryptocurrencies.</div In a recent interview, Robert F. Kennedy Jr. Kennedy Jr.) criticized the securities regulator for its bias against crypto ...

Huobi HK said on Twitter that the company filed an application with the Hong Kong Securities and Futures Commission (SFC) on May 29 for a regulated license to exchange crypto assets. Under current law, before cryptocurrency companies can provide regulated services to cust ...

The Bali government is going to fight the use of cryptocurrency by tourists as a means of payment in hotels, restaurants, shopping malls and other tourist spots. "Foreign tourists who behave inappropriately and commit acts that are not allowed by their vis ...

European Systemic Risk Board (ESRB) called on European authorities to ban the possibility of using borrowed funds for cryptocurrency trading. For this purpose the regulator proposes to set restrictions for investment funds, cryptocurrency exchanges and other organizations ...

Binance, the largest cryptocurrency exchange, announced the imminent shutdown of 11 trading pairs with the Australian dollar. Access to trading pairs will be disabled on June 1. Spot trading will cease at 6am UTC for ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD, DOGE/AUD, ...

According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...

Cryptocurrency investment company Hashkey Group plans to raise up to $200 million by taking advantage of Hong Kong digital assets. It writes Bloomberg. The HashKey Group itself is now valued at more than $1 billion. The company is ...

According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...

It's the U.S. Federal Reserve's first blockchain partner It lets you convert dollars into Stablecoins But the network will get some limitations The Metal Blockchain team announced a partnership with FedNow, the Fed's instant payment service. This i ...

UK Finance Ministry shuts down gathering of views on cryptocurrency regulations Some major counterparties including a16z, Binance and Circle responded Government warns against repeating US mistakes and calls for "broader thinking" Late last month, Apr ...

New controversial law on cryptocurrencies reduced the number of registered firms in Estonia by about 80%. These data were published by experts from the Estonian Financial Intelligence Unit (FIU). About 200 licenses were revoked by the fir ...

The New York State Department of Financial Services (NYDFS) fined cryptocurrency exchange BitFlyer $1.2 million for violating cybersecurity regulations. In 2017, BitFlyer USA, a subsidiary of BitFlyer Holdings, received a license from the New York regulator allowing the e ...

It is possible that such pressure from the authorities has a positive effect Counterparties with weak or unreliable structures will leave the market, making room for others The Fed is expected to raise interest rates again today, May 3, after which the market wil ...

Dubai authorities accused the co-founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (TAC) of launching OPNX, a cryptocurrency exchange operating without a license. Su Zhu and Kyle Davies launched a claims trading platform for bankrupt cryptocurrency compa ...

The Hong Kong Securities and Futures Commission (SFC) said it is preparing rules for licensing cryptocurrency exchanges and will present them next month.</div Bloomberg cited SFC CEO Julia Leung as saying that the new guidelines and regulations will support cryptocurrenc ...

Final work could be completed this year The country is introducing a set of rules and penalties for market participants South Korea's National Assembly has held its first round of reviews of digital asset legislation. This is a package of rules that regulates ...

Gate Group, the operator of the Gate.io cryptocurrency exchange, is making moves to expand its operations in China's Hong Kong region by applying for various licenses from the Hong Kong Securities and Futures Commission (SFC). The exchange plans to become a member of the local market before new r ...

Jeremy Hogan, a partner at the law firm Hogan & Hogan, has accused US regulators of intentionally impeding the registration of cryptocurrency companies in the United States. The lawyer, who represents XRP holders, took to Twitter to express his frustration with the lack of clear regulations f ...

During a meeting with the Global Blockchain Business Council (GBBC) in Washington, Bermuda's Prime Minister and Minister of Finance, Edward Burt, announced that the government is open to collaborating with virtual asset service providers (VASPs), despite the collapse of several crypto companies in t ...

The authorities in the countries in the place of the former USSR have a complex attitude towards the legislative regulation of cryptocurrencies. A complete ban may alternate with extreme openness to blockchain transactions. The authoritie ...

JPMorgan Report: Cryptocurrency Exchanges Could Benefit from Banking Crisis JPMorgan's latest report suggests that the recent collapse of three banks - Silvergate, Signature, and Silicon Valley - could present an opportunity for some cryptocurrency exchanges. The report highlights that since t ...

During a recent US Senate Finance Committee meeting, Senator Michael Bennet of Colorado expressed his concern over banks that work with cryptocurrencies, citing the industry's extreme volatility as a reason for caution. Specifically, he referenced the recent failure of Signature Bank, suggesting ...

Circle, the company behind the popular USDC stablecoin, is urging the US Congress to take swift action in creating regulatory guidelines for stablecoins. Dante Disparte, the director of strategic development at Circle, emphasized that despite constant discussion about the risks associated with st ...

The Financial Monitoring Agency (AFM) of Kazakhstan has reported the closure of an illegal cryptocurrency exchange, ABS Change, by law enforcement agencies. The exchange was founded by three Kazakh citizens who operated outside the Astana International Financial Center (AIFC), which is the only t ...

A group of Japanese bankers from Tokyo's Kiraboshi Financial Group, Minna Bank, and Shikoku Bank will be participating in the testing of stablecoins on the Japan Open Chain blockchain. The blockchain developer, G.U. Technologies, released this information. From May 6, Japan will lift the ban on t ...

The U.S. Commodity Futures Trading Commission (CFTC) has taken legal action against Vista Network Technologies, a California-based company, alleging that the firm defrauded investors and embezzled over $7 million worth of cryptocurrencies. According to the complaint filed in the District Court for t ...