Japan may loosen its restriction on foreign-issued stablecoins
In 2023, it is expected that Japan's Financial Services Agency might lift the ban on the domestic circulation of stablecoins produced abroad.
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Latest firstCalifornia’s DFPI asks crypto lender MyConstant to stop offering its services
DFPI argues that MyConstant's "Loan Matching Service" violated one of the state's financial codes.
New York’s DFS Proposes Regulation To Charge Crypto Firms For Supervising Them
DFS states crypto firms will be charged based on the total operating expenses of overseeing licensees and the “proportion deemed reasonable” for other overhead expenses.
US SEC issues subpoena to crypto influencers promoting Pulsechain, HEX, PulseX
The influencers in question are asked to produce the required documents by Nov. 15, 2022.
South Korea’s FSC to monitor crypto whales for money laundering
FSC will monitor crypto whales with assets over $70,000 for AML compliance
Japan’s Regulations on Crypto Targets Money Laundering
Key Takeaways: New regulations for remittances are being planned by the Japanese government in an effort to prevent criminals from exploiting crypto exchanges as a means of money laundering. The regulations call for exchanges to share user data, such as…
New U.S. Draft Bill Could Potentially Ban Algorithmic Stablecoins
The legislation would criminalize the creation or issuance of new "endogenously collateralized stablecoins."
Australia Drafts New Crypto Bill, Seeks to Regulate Stablecoins
Senator is looking to set up licensing frameworks for crypto exchanges, custody services, and issuers of stablecoins.
White House Unveils the First-Ever Comprehensive Framework on Crypto Regulation
Key Takeaways: The First-Ever Complete Plan for Appropriate Development of Digital Assets was released by the White House today. Three documents were also made available by the Treasury at the same time in order to follow President Biden’s Executive Order…
Russia to Soon Legalise Crypto For Cross-Border Payments
Russian PM Mikhail Mishustin stated that the adoption of digital assets is required as a "secure alternative" for cross-border payments.