French Lawmakers Update Bill Allowing Unlicensed Crypto Service Providers to Engage Celebrities for Promotion
French lawmakers unveiled an updated bill that would allow even unlicensed virtual asset service providers (VASPs) to engage celebrities to promote their products. According to a press release posted on the French Senate's website, lawmakers reached a unanimous agreement to ...
South Korea Considers Inclusion of Cryptocurrencies in Asset Declaration
Government officials in the Republic of Korea believe it is necessary to add cryptocurrencies to the list of assets to be declared by the authorities. Prime Minister Han Duck-soo's initiative will be discussed soon by the country's parliament. ...
SEC Chairman Gensler Highlights Compliance Issues in the Cryptocurrency Market
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that rules for token issuers and cryptocurrency exchanges already exist, but they are fundamentally unwilling to comply. While speaking at a Federal Reserve Bank of Atlanta conference, Gary Gensler was ...
Hong Kong Regulators Warn Cryptocurrency Companies of Tough Oversight
Hong Kong Monetary Authority (HKMA) warned: cryptocurrency companies will not get any indulgence from regulators, despite the region's desire to become a center of digital currency development. HKMA Chairman Eddie Yue said at the Bloomberg Wealth Asia Summit that Hong Kon ...
Texas House Passes Bill Requiring Crypto Exchanges to Maintain Customer Reserves
On April 20th, the Texas House of Representatives passed a bill that mandates crypto exchanges to maintain reserves that are enough to fulfill their obligations to clients. This bill would amend the Texas Financial Code, specifically Section 160. Virtual Asset Service Providers (VASPs) operati ...
EU Cryptocurrency Regulation Bill (MiCA) Approved by European Parliament
The European Parliament has given its approval to the EU Cryptocurrency Regulation Bill (MiCA), a landmark piece of legislation that seeks to establish clear standards for the industry and safeguard the interests of crypto investors. The MiCA framework received strong support from 517 members of ...
Bermuda Government Open to Working with Virtual Asset Service Providers
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 ...
Manitoba Securities Commission Warns of Crypto Investment Scams
The Manitoba Securities Commission (MSC) in Canada has sounded an alarm over the proliferation of fake cryptocurrency investment sites. According to MSC Senior Researcher Jason Roy, the agency has received over 60 complaints from Manitoba residents who lost between $320 to $206,000 while investin ...
Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms
According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...