Key Takeaways In a significant development, US state Kansas State Senator Craig Bowser has put forth Senate Bill 34 which introduces Kansas Public Employees Retirement System (KPERS) to invest up to 10% of its funds in Bitcoin-related financial products. As…
Key Takeaways The International Monetary Fund (IMF) has urged Kenya to establish a clear regulatory framework for the crypto market, aimed at protecting consumers and addressing risks related to money laundering and terrorism financing. In a report published on January…
Key Takeaways The United Kingdom is set to release a draft regulatory framework for cryptocurrency in early 2024, Economic Secretary to the Treasury Tulip Siddiq announced at the Tokenisation Summit in London on November 21. As per media reports, the…
Key Takeaways A recent ruling by Judge Sun Jie of the People’s Court of Songjiang District in Shanghai has clarified the legal status of crypto in China, stating that virtual currencies are considered legal commodities with property rights. The ruling…
Key Takeaways Sweden’s Financial Intelligence Unit (FIU) and the Swedish Police Authority have designated several cryptocurrency exchanges as “professional money launderers” (PMLs) after an in-depth investigation into unlicensed and illegal operators. According to the FIU, these professional money launderers are…
Key Takeaways Hong Kong is considering involving the Securities and Futures Commission (SFC) in regulating over-the-counter (OTC) virtual asset trading services, alongside the Customs and Excise Department (C&ED), as the city struggles to bring order to its crypto sector. Over-the-counter…
Key Takeaways On August 26, the Governor of the Reserve Bank of India, Shri Shaktikanta Das, spoke about the progress of India’s digital rupee initiative adding that Central Bank Digital Currency (CBDC) pilot, which began in late 2022, now has…
Key Takeaways Several U.S. federal agencies are working on updating the definition of “money” to enhance reporting obligations for financial institutions engaged in cryptocurrency transactions. This initiative aims to align the regulatory standards for digital assets with those governing traditional…
Key Takeaways The United States is exploring a new financial frontier with a proposal from the USABTC policy group to establish a Digital Economic Zone (DEZ) aimed at integrating Bitcoin into the American financial system. The initiative advocates for a…
Key Takeaways With the European MiCA Regulation’s provisions on crypto-asset services coming into force, the Autorité des Marchés Financiers (AMF) has begun accepting applications for authorization to become a crypto-asset service provider. Starting July 1, 2024, firms offering any of…
Can’t find what you’re looking for? Type below and hit enter!
