Philippines SEC Postpones Crypto Framework Publication
The Philippines' financial authority has opted not to hurry the publication of a legal framework on the crypto industry, which was initially scheduled for late 2022
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Latest firstDubai Authorities Seek Details on Binance’s auditing practices
Dubai has made official requests for Binance's business structure and auditing practices.
UK regulators produce a paper on the crypto framework
The UK's Treasury released a long-awaited consultation paper for future crypto regulation.
India Keeps Old Crypto Tax Regulations in 2023 National Budget
Since it has only been ten months since the tax regulations were adopted in March 2022, experts believe that the Indian government needs more information and time before deciding on strict tax policies.
Crypto regulation needed, cites FTX implosion: Bank of England Deputy Governor
The collapse of the exchange FTX highlighted the risks the sector poses to consumers, prompting the Bank of England to announce that it intended to speed up its efforts to regulate trading in digital currencies.
Canadian Crypto Exchanges Enforce 30k CAD/ Year Buy Limit on Altcoins
Bitcoin,Litcoin, Bitcoin Cash, Bitcoin, and Ethereum are excluded from the buy limits
Uzbekistan Blocks Binance and FTX Over Unlicensed Trading
Binance, FTX, Huobi, and Bybi-among exchanges that got blocked. From January 1, 2023, Uzbek citizens and companies are legally permitted to conduct transactions only with licensed cryptocurrency exchanges.
Central Bank of Brazil Director Calls Bitcoin a Financial Innovation
Araujo states Bitcoin is the catalyst for what is today known as Web3. Brazil is looking to launch CBDC called the digital real soon
"The CBDC is an expression of the Real within the environment in which cryptocurrencies operate," says Araujo.
Group of UK MP’s Launches Crypto Asset Inquiry, Seeks Written Submissions
The Crypto and Digital Assets All Party Parliamentary Group plans to make the U.K. a "global home of crypto investments."
The inquiry will involve discussion with industry leaders on ways to improve current U.K. crypto regulations. Public participants are invited to view the inquiry, and written submissions will be accepted until September 5, 2022.
