Tag: Regulations
British Regulator Defends Strict Crypto Regulation
Reading time: < 1 minuteThe FCA’s head of payments and digital assets, Val Smith, has defended the agency’s regulatory approach to the crypto industry by highlighting the significance of maintaining strict oversight to prevent money laundering activities.
IMF Asks El Salvador to Strengthen its Supervision Over Crypto Industry
Reading time: < 1 minuteThe International Monetary Fund (IMF) yesterday made recommendations for El Salvador to narrow the scope of its Bitcoin law and strengthen the regulatory framework and oversight of the Bitcoin ecosystem.
British Government Introduces Bill to Classify Crypto as a Personal Property
Reading time: < 1 minuteThe UK government has announced plans to introduce a bill that will assess whether cryptocurrencies, including Bitcoin, can be considered “personal property” under domestic law.
New Zealand to Implement OECD Crypto Reporting Framework
Reading time: < 1 minuteThe latest proposal put forth by New Zealand’s Minister of Revenue outlines the implementation of the cryptocurrencies reporting framework developed by the Organisation for Economic Co-operation and Development (OECD).
Nigeria’s Regulator to Issue Licenses to Crypto Trading Platforms
Reading time: < 1 minuteNigeria’s Securities and Exchange Commission (SEC) plans to issue licenses to cryptocurrency exchanges.
South Korea Enacts its Crypto Regulation
Reading time: < 1 minuteSouth Korea has just implemented the Virtual Asset User Protection Act.
Taiwan Tightens its AML Regulations for Crypto Companies
Reading time: < 1 minuteOn July 16, Taiwan’s parliament revised its laws on anti-money laundering to require crypto providers to register for AML compliance.
Nigeria’s Crypto Industry Participants Urge SEC to Regulate Crypto as Commodities
Reading time: < 1 minuteMembers of the crypto industry in Nigeria are urging the country’s Securities and Exchange Commission (SEC) to follow suit and adopt a similar approach in its regulations.
Nigeria’s Regulator Orders Crypto Companies to Open a Local Office
Reading time: < 1 minuteThe Securities and Exchange Commission (SEC) of Nigeria has implemented a new condition that virtual asset service providers (VASPs) must meet before being eligible for the framework program.
IRS Unveils Final Regulations for Crypto Brokers
Reading time: < 1 minuteOn June 28, the United States’ Internal Revenue Service (IRS) announced its final version of the new reporting requirements for crypto brokers and clarified which industry participants will be affected by the changes.
