crypto regulations

The Senate Armed Service Committee held a hearing on crypto and whether our enemies could use it to get funding or financial means for their support. Elizabeth Warren, a senator, said that we should urgently start a process of regulation of cryptocurrencies and that countries like Iran and North Korea shouldn’t use cryptocurrencies to commit […]

On April 29, Thailand’s Securities and Exchange Commission (SEC) issued a warning to crypto exchanges operating in the country, urging them to refrain from glamorizing crypto investments and adhere to prescribed advertising standards, as per a report from Bangkok Post. Anek Yooyuen, Deputy Secretary-General of the Thai SEC, expressed the commission’s concern about crypto exchanges […]

Singapore-based crypto exchange Crypto.com has postponed its market entry into South Korea due to regulatory concerns. South Korea’s Financial Intelligence Unit (FIU), overseen by the Financial Services Commission (FSC), found Anti-Money Laundering (AML)-related problems in the data submitted by the exchange and launched an “emergency on-site inspection” to monitor the crypto.com’s activities.  An official representing […]

South Africa’s Financial Sector Conduct Authority (FCSA) is exploring a new rule for bitcoin enterprises. Companies with international headquarters may need to establish a local office within the country. This idea comes after a Crypto Asset Market Study indicated that 10% of South African crypto enterprises are headquartered abroad. 🚨South Africa May Force Crypto Firms […]

Turkey is reportedly drafting new regulations to govern crypto assets to convince the Financial Action Task Force (FATF), a global body responsible for combating financial crimes, to remove it from the “grey list” of countries that have not done enough to combat terrorist financing and money laundering. During a discussion with a parliamentary commission on […]

European crypto exchange Bitstamp has announced that it will halt its services in Canada from January 8, 2024. The crypto firm did not give a clear reason for the departure. Bitstamp USA CEO and global chief commercial officer Bobby Zagotta expressed gratitude to their Canadian clients and stressed that it was “not a decision we […]

The Shanghai No.2 Intermediate People’s Court in China explained that Bitcoin (BTC) has emerged as a unique digital asset based on several characteristics, including its scarce nature. On September 25, the court released a report titled “Legal Attributes and Judicial Disposal of Digital Currency,” emphasizing the legal issues surrounding digital data and currency when compared […]

Coinbase has secured Anti-Money Laundering (AML) compliance registration from the Bank of Spain as an official crypto exchange and custodian wallet provider. The registration enables Spanish users to confidently store their digital assets on Coinbase, as well as engage in selling and buying crypto assets using the euro. Vice President of International and Business Development […]

A recent report by Chainalysis has highlighted the re­markable growth and resilience­ of Sub-Saharan Africa in the crypto market. Despite­ accounting for only 2.3% of the global cryptocurrency trading volume, the­ region has demonstrated impre­ssive progress. The re­port spans from July 2022 to June 2023, providing valuable insights into this area’s unique­ digital currency landscape. Nigeria emerged […]