MiCA Regulation Evolves with EBA’s Latest Guidelines
Under the MiCA regulation, the EBA has published a complete set of technical standards and guidelines that offer regulatory guidance for EMTs and ARTs throughout Europe.
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Latest firstZimbabwe Seeks Input from Crypto Firms on Virtual Asset Regulations
The Zimbabwean government is now working on laws for the nation's crypto market and is soliciting feedback from domestic and foreign crypto service providers.
South Korea to View Certain NFTs as Crypto Under New Guidelines
Key Takeaways South Korea’s financial regulator, the Financial Services Commission (FSC), has issued guidelines to clarify how non-fungible tokens (NFTs) will be regulated under the country’s upcoming crypto laws. The new guidelines differentiate between various types of NFTs. NFTs with…
Worldcoin Suspends Spanish Operations Until Year-End Amid Data Privacy Probe
Key Takeaways On June 4, the Spanish Agency for Data Protection (AEPD) announced that Worldcoin has agreed to continue the suspension of its services in Spain until the end of the year. The latest development comes 3 months after the…
MiCA Rules Force Binance to Impose Restrictions on ‘Unauthorized’ Stablecoins
Key Takeaways Leading crypto exchange Binance is making significant changes to its platform in a bid to comply with the Markets in Crypto-Assets (MiCA) framework. The deadline for complying with the MiCA provisions is Dec. 30, 2024, although clauses related…
Dubai Financial Authority Revamps Crypto Token Rules for Funds
In an effort to improve and expand the legal framework governing tokens inside its special economic zone, the DFSA has announced changes to its crypto token rules.
Crypto Exchanges Exit Hong Kong as SFC Tightens Grip
Key Takeaways Global cryptocurrency exchanges are exiting Hong Kong owing to the stringent regulatory requirements set by the Securities and Futures Commission (SFC). As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong is a…
U.S. House Passes New Bill Banning Federal Reserve from CBDC Issuance
Key Takeaways On May 23, the U.S. House of Representatives passed the CBDC Anti-Surveillance State Act with a largely partisan vote of 216 to 192. The bill, introduced by House Majority Whip Tom Emmer (R-Minn.), aims to block the Federal…
U.S. Congress Demands Clarity from SEC-FINRA Over Prometheum ETH Custody
Key Takeaways Members of the United States Congress have expressed their dissatisfaction with the Securities and Exchange Commission’s (SEC) response to inquiries about the classification of Ethereum (ETH) and controversial crypto firm Prometheum’s intention to custody ETH. They have set…
U.S. House of Representatives Passes Blockchain Development Bill
Key Takeaways In a major development, the United States House of Representatives has passed the Deploying American Blockchains Act of 2023. The bill which directs the Secretary of Commerce, currently Gina Raimondo, to take necessary actions to promote the competitiveness…