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regulations

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29 Mar 23

Novogratz calls for liberal crypto regulations, names AI as real threat

Mike Novogratz has urged US authorities to take a more liberal approach toward regulating crypto. The Galaxy Digital CEO says the current onslaught on the web3 space, majorly due to Sam Bankman-Fried’s alleged fraudulent practices, is akin to “throwing away the baby with the bath water.” During the fourth quarter 2022 call conducted by Galaxy […]

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27 Mar 23

G7 to support tighter global crypto regulations

The international Group of Seven, better known as the G7, is reportedly primed to push for stronger cryptocurrency laws to boost the sector’s transparency and improve consumer protection. A report published by a leading Japanese news agency, Kyodo News, claims that G7 intends to support the creation of more stringent cryptocurrency laws worldwide to strengthen […]

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17 Mar 23

CryptoWallet renews Estonian license amid tightened regulations

CryptoWallet becomes one of the few companies that managed to renew an Estonian virtual asset provider license amid tighter regulatory measures toward crypto companies in the EU. According to a press release shared with crypto.news on March 17, CryptoWallet received a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). The renewal comes despite strict […]

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09 Mar 23

Indian government announces new crypto regulations

India’s stance on cryptocurrency and token transactions has been a topic of much discussion in recent times. Now, the country’s finance ministry has issued a notice outlining its plan to regulate virtual digital assets and clarifying the application of anti-corruption regulations in the Prevention of Money Laundering Act (PMLA) to the crypto industry. The notice states […]

hong kong

08 Feb 23

Argentina’s NSC set to establish regulations for crypto businesses

Crypto companies domiciled in Argentina will be subjected to the newly established regulatory requirements of Argentina’s National Securities Commission (CNV). According to the CNV, the fundamental motivation behind the new regulations for cryptocurrency businesses is to adhere to the global standards demanded by the Financial Action Task Force, which will assess Argentina in 2024. If […]

China

30 Jan 23

Justin Sun claims China will implement crypto regulations through tax policies

According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head of crypto exchange Huobi and Tron founder, announced that China was taking […]

Crypto Regulations international version non US countries

28 Jan 23

White House wants Congress to “step up its efforts” on crypto regulations

On Friday, the Biden administration asked the United States Congress to expand regulators’ authority in policing the crypto industry. Four senior White House officials published a statement titled ‘The Administrations Roadmap to Mitigate Cryptocurrencies’ Risks.’ It urged Congress to “step up its efforts” in crypto market regulations. Contents of the statement The administration’s primary focus is to […]

Legislation Regulation generic 3

24 Jan 23

EU imposes strict regulations on banks holding crypto

European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding cryptocurrencies The European Union (E.U.) Parliament’s Economic and Monetary Affairs Committee has enforced increased capital requirements for any financial entity holding cryptocurrencies. According to […]

Exchange generic 2

04 Jan 23

Indonesia to launch crypto exchange as country reforms regulations

According to recent reports, Indonesia plans to launch a virtual currency platform this year (2023). The platform is part of a plan to shift regulatory powers from the commodities commission to the securities commission. Crypto adoption set to increase after platform launched Indonesia will launch a crypto exchange this year, with plans to restructure its […]

Crypto Regulations international version non US countries

21 Dec 22

Global regulator approves new banking regulations for crypto

On Friday, the Basel Committee for Banking Supervision (BCBS) announced that its global crypto banking rules would be implemented as of January 1, 2025. Details on the global crypto banking rule This new policy will limit bank’s holdings of Bitcoin to no more than 2% of its Tier 1 capital. The Central Bank Governors and […]

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