regulations News and Articles

Taiwanese regulators plan to ban the use of credit cards for cryptocurrency purchases. Local media reports that the Financial Supervisory Commission sent a letter to the Association of Banks saying that virtual currencies are highly speculative and risky. They added that the cash flow is complex...

US regulators question whether cryptocurrency exchanges are doing enough to prevent insider trading. To find out, the U.S. Securities and Exchange Commission started investigations. According to a report by FOX Business, at least one large crypto exchange has received a letter requesting info about...

The United Kingdom government released a consultation paper on May 31 that recommends improving the current legislation to face risks related to stablecoins. The news came after the Terra ecosystem's collapse. The paper suggests giving the Bank of England additional power to manage the...

The Republic of Uzbekistan will enable domestic and foreign firms to mine cryptos using solar energy without requiring an income tax according to a presidential order published on April 27. The government mentioned that it is necessary to ensure a regulatory environment for the future developments...

Malaysia’s Ministry of Communications and Multimedia, short for KKMM from Malay, offered to legalize the crypto sector. Datuk Zahidi Zainul Abidin, the deputy minister of KKMM, offered regulators to make crypto legal tender. According to him, this will help young people to actively use crypto,...

Popular crypto exchange Binance revealed being granted a crypto service provider allowance from Bahrain’s Central Bank. The Binance team released a blog post, saying that the step is a major gain for the company as it is their first crypto asset provider in the alliance of the six Middle Eastern...

The Russian government confirmed the proposed Minfin concept of regulating the crypto industry. According to the official announcement by the government, the industry will be regulated to ensure investor protection. Thus, cryptos will be integrated into the financial system. The government...

The Treasury Department of the USA issued a report on NFTs, saying the assets include financial crime risks, and recommending possible solutions. Based on a recent study by the Treasury, the high-value art market presents money laundering and terror finance risks. The report also looked into the...

The US presidential administration is going to issue an initial government strategy for the crypto industry next month, after which agencies will estimate the risks and advantages of digital assets. A report by Bloomberg, based on the information from people familiar with the subject, reveals that...

On Nov. 1, the US Treasury tweeted about having issued a report on stablecoins together with the US President's Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. Today, Treasury joined colleagues from the President’s...

Today, another country's regulatory announced concerns about the crypto exchange Binance. Italy's market watchdog Commissione Nazionale per le Società e la Borsa (Consob) said Binance wasn't authorized to operate in the country. Thus, Italy becomes the latest country to do so. Consob published a...

China's Central Bank ordered the shut down of the software firm Beijing Qudao Cultural Development Co, saying it may provide crypto services. Authorities ordered the firm to cancel operations, also deactivating the website. According to Chinese law, Beijing-based companies are disallowed to...