#Regulations News

Britain will focus crypto rules on stablecoins, minister says

British Minister Says Stablecoin Regulation is Priority

March 31, 2021 by Anthonia Isichei at Regulation

A British government official stated that Britain's primary focus would be to regulate stablecoins, rather than the extensive cryptocurrency market. Stablecoins' Perceived Threat Propels Calls for Regulation According to Reuters on Tuesday (Mar. 30, 2021), Britain's Economic Secretary to the Treasury, John Glen, made the statement while speaking at a...

Bitcoin Trading Exploding in India Since Supreme Court's RBI Ban Reversal

India’s Finance Minister Says Government Would Allow Citizens Experiment on Crypto

March 16, 2021 by Anthonia Isichei at Regulation

While uncertainties surround India's cryptocurrency industry with rumors about an impending ban on crypto ownership, the country's Finance Minister stated that the government was not going to block all options regarding cryptocurrency. To Ban Crypto or Not? Speaking in an interview at a conclave by India Today, Nirmala Sitharaman said...

Thai SEC Begins Public Hearing On Proposed Cryptocurrency Regulations

February 25, 2021 by Adeniyi Olowoporoku at Regulation

The Securities and Exchange Commission of Thailand has requested a public dialogue on new cryptocurrency regulations. This, according to the regulatory body, is part of its plans to have an inclusive digital-asset framework. Public Discourse part of Proposed Regulatory Framework The Thai SEC revealed this proposal in a press release...

Ripple Eyes Japan, Singapore If Blockchain Firm Leaves US

Ripple Is a “Proud American Company” But May Move to Japan or Singapore

October 22, 2020 by Dalmas Ngetich at Altcoins

Cryptocurrency regulations shouldn’t be a guessing game. For this reason, Ripple, the San Francisco-based payment company behind RippleNet, will consider Japan, Singapore, the United Arab Emirates, Switzerland, and the United Kingdom as potential destinations if they move from the United States, its CEO, Brad Garlinghouse told Bloomberg in an interview on Oct 21. Ripple...

UK: Archax Becomes the First FCA-Regulated Digital Securities Platform

August 19, 2020 by Anthonia Isichei at Regulation

Archax, a London-based company has become the first digital securities exchange and custodian to be regulated by the U.K. regulator, the Financial Conduct Authority (FCA). Archax Obtains Various Licenses for the FCA The company made the announcement via a press release on Wednesday (August 19, 2020). According to the press...

France: Financial Regulator Greenlights ICO for Renewable Energy Provider

June 3, 2020 by Aisshwarya Tiwari at Regulation

French stock market regulator - the Autorie des Marches Financiers (AMF) – has OK’d an initial coin offering (ICO) for a French renewable energy provider named WPO. The regulator approved the ICO under its “ICO visa” scheme on May 12, Coindesk reports, June 3, 2020. WPO Approved to Raise Funds via ICO...

Hand Holding a Bitcoin and the Swiss Flag

Switzerland: FINMA Approves InCore Bank to Carry Out Cryptocurrency Transactions

May 31, 2020 by Aisshwarya Tiwari at Regulation

Swiss financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA) has given the go-ahead to InCore bank to engage in digital asset transactions, the bank announced recently. FINMA Approves InCore Bank for Cryptocurrency Transactions Swiss regulators continue to make crypto-banking services easily-accessible for customers as according to a recent development,...

IMF Explores the Synergies Between Privately Backed Stablecoins and CBDCs

IMF Senior Official Says Private Corporations Can Bolster Digital Currencies

May 27, 2020 by Aisshwarya Tiwari at Regulation

Digital currencies are being increasingly looked into around the world, with most governments and corporations alike working on some iteration of the technology. In this regard, a senior official at the International Monetary Fund (IMF) believes a private-public nexus is the way forward for CBDCs. Public-Private the Way Ahead Tommaso...

India: Conducive Regulations Aid Crypto Firm CoinDCX Raises $2.5 Million from Polychain Capital

May 26, 2020 by Aisshwarya Tiwari at Regulation

Indian cryptocurrency firms are leaving no stone unturned in recent times. The country’s government, which is rather slow in adopting technology, okayed cryptocurrency businesses to continue earlier this year, leading to a flurry of investment and technological activity. The latest to attract institutional investment is CoinDCX, a Mumbai-based crypto exchange that’s...

U.S. State of Louisiana Wants to License Cryptocurrency Businesses

May 25, 2020 by Aisshwarya Tiwari at Regulation

Officials in Louisiana's lower chamber have approved a proposal to regulate cryptocurrency businesses in the Southern U.S. state, if a recent development is considered. Louisiana's Crypto Push As reported by The Block on May 24, public records in the Louisiana state legislature show the proposal was passed and approved last...

Iran: President Rouhani Seeks Renewed National Crypto Strategy

May 22, 2020 by Aisshwarya Tiwari at Regulation

According to a report by Iran-based news site ArzDigital, Iranian President Hassan Rouhani has directed the national government to chalk a new strategy for cryptocurrency mining. Iranian President Calls for Clear Crypto Mining Strategy Earlier this week, Iran President Rouhani instructed the officials from the Central Bank of Iran (CBI),...

Wyoming Has a Bill to Exempt Blockchain Tokens from Securities and Money Transmission Laws

U.S.: Lawmaker Proposes Securities Exemption for Crypto Tokens

May 8, 2020 by Anthonia Isichei at Regulation

A bill introduced by a lawmaker of the California Assembly is proposing an exemption of select crypto assets from California’s securities laws. Crypto Tokens May Enjoy Exemption From Securities Law in California According to a proposed bill by Democrat Ian Calderon and amended in the California Assembly on May 4,...

Wilsons Auctions to Conduct Ireland’s First Public Online Bitcoin Auction Sale

March 9, 2020 by Anthonia Isichei at Bitcoin

Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland...

U.S.: Rep. Paul Gosar Introduces “Crypto-Currency Act of 2020”

March 9, 2020 by Aisshwarya Tiwari at Regulation

In the latest pro-crypto development in the U.S., on March 9, 2020, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020” which seeks to create a conducive environment for digital assets in the country. Crypto-Currency Act of 2020 Promises A Conducive Regulatory Framework Historically anti-crypto governments the world over...

Dubai to Launch Blockchain-based Marketplace for Travel and Tourism

UAE: Moody’s Rates Dubai’s KYC Blockchain Platform “Credit Positive”

February 26, 2020 by Aisshwarya Tiwari at Blockchain, Regulation

According to a report by The National published on February 26, 2020, a recently formed consortium of six banks and licensing authorities in the UAE has been declared “credit positive” for lenders in the country by Moody’s Investors Service. UAE Embracing Blockchain Heads-On Gulf countries, in particular, have emerged as...

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