G20 Embraces IMF-FSB Synthesis Paper for Comprehensive Crypto Regulation
The G20, European, and African Union unanimously accepted the G20 Finance Ministers and Central Bank Governors Communique.
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Latest firstUK financial Watchdog Puts KuCoin, Huobi in Warning List of Unauthorised Firms
Key Takeaways The Financial Conduct Authority (FCA), the regulatory authority overseeing financial markets in the United Kingdom, has expanded its list of non-authorized firms that customers are advised to avoid. On October 8th, the FCA added 143 new entities to…
European Regulator ESMA Releases Second Consultation on MiCA Regulation
Key Takeaways The European Securities and Markets Authority (ESMA) has taken another significant step in the regulation of crypto assets by launching its second consultation paper on the Markets in Crypto Assets Regulation (MiCA). MiCA, which was approved in April,…
Portugal’s Central Bank Chief Calls for Global Crypto Regulation
The Governor of Banco de Portugal joins a chorus of regulators who argue that national efforts to regulate crypto would be ineffective without a worldwide framework.
World Federation of Exchanges Advocates Crypto Trading Regulation and TradFi Integration
The World Federation of Exchanges believes that crypto-asset trading platforms can contribute more to society and the "real" economy.
Hong Kong Cracks Down on “Suspicious” Crypto Platforms After JPEX Scandal
The SFC, one of Hong Kong's main financial regulators, has committed to increasing measures to tackle unregulated cryptocurrency platforms.
South Korea Intensifies OTC Crypto Regulations Amid $4B Unlawful Deal Concerns
South Korean officials have shifted their attention to over-the-counter (OTC) cryptocurrency exchanges.
EU votes for DAC8 Targeting Enhanced Crypto Tax Reporting
Key Takeaways During a plenary session on September 13 in Strasbourg, France, members of the European Parliament showed overwhelming support for the eighth version of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting regulation. With a resounding 535…
G20 Leaders Call for Swift Global Crypto Asset Reporting Framework
Key Takeaways In a significant development, the leaders of the world’s 20 largest economies, collectively known as the G20, have voiced their commitment to swiftly implement a global framework for regulating crypto assets. The move is aimed at preventing tax…
‘Blanket Ban on crypto costly’: IMF & FSB’s new paper on crypto regulation
Key Takeaways A groundbreaking global framework for cryptocurrency regulation is taking shape as the International Monetary Fund (IMF) and the Financial Stability Board (FSB) release a joint synthesis paper. Prepared at the request of the Indian G20 Presidency, the paper…