Category: crypto regulations

G7 Countries to Discuss Crypto Assets This Week After Recent Terra Ecosystem Collapse

The recent collapse of the Terra ecosystem has drawn the attention of regulators worldwide! Finance ministers of the G7 nations are meeting ahead this week and shall be discussing crypto assets on a priority basis. Reuters quoted the French central bank head Francois Villeroy de Galhau saying this on Tuesday, May 17. While speaking at […]

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Global Regulators Consider Launching a Joint Body to Coordinate Crypto Rules

Global Regulators Consider Launching a Joint Body to Coordinate Crypto Rules

Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO). A Global Body to Coordinate Crypto Rules Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this week. Members of […]

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Crypto’s Drastic Crash To Attract Stricter Global Regulation, Here’s Why

The International Organization of Securities Commissions (IOSCO)  on Thursday reportedly said financial market regulators around the world are likely to launch a global crypto regulation body next year. The joint crypto regulatory body will be tasked to coordinate crypto rules. The crypto market crash and collapse of Terra’s stablecoin UST have urged global market regulators […]

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Russian Government Approves Plan to Regulate Cryptocurrency

Russian Government Approves Plan to Regulate Cryptocurrency

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

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Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests

Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests

A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring ‘Tight Regulation’ to Crypto Industry, […]

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Biden Admin reportedly developing executive order for crypto

The White House is working on an official directive exploring the benefits and risks of crypto assets, according to Bloomberg. The order will reportedly cover the prospects of a CBDC or digital dollar, among other digital asset matters. The Biden administration is reportedly working on an executive order on crypto to be released as early […]

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Singapore curbs crypto marketing in digital asset crackdown

Singapore curbs crypto marketing in digital asset crackdown

Singapore has cracked down on crypto marketing in a bid to curb a frenzy of retail trading in risky digital assets.  In guidelines issued by the Monetary Authority of Singapore on Monday, the regulator said “the public should not be encouraged to engage in the trading of [digital payment tokens (DPT)].” The body advised that […]

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Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for Rules to Mitigate Risks of […]

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These U.K Lawmakers Have Created A Group To Champion Crypto Cause In The U.K

Reports have it that a group of crypto-apologetic U.K lawmakers have teamed up in the United Kingdom (U.K) in what looks like a lobbying group. Led by Lisa Cameron — a member of parliament for the United Kingdom’s House of Commons, the group is reportedly looking to promote legislations, that would seemingly benefit the crypto […]

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Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter […]

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