Tag: regulations

spot_img

HKMA Warns Crypto Firms Misusing “Bank” Terminology

HKMA warns against crypto firms misusing "bank" terminology, clarifying that only licensed banks can offer banking services in Hong Kong. The Hong Kong Monetary Authority...

Circle Eyes Hong Kong Expansion Amid New Stablecoin Rules

Circle intends to hire in Hong Kong, utilizing its stablecoin strategy. The HKMA plans to regulate stablecoins and improve crypto integration by 2025. Circle,...

Vietnam Launches National Blockchain Strategy for Innovation

Vietnam's new policy aims to position the country as Asia's blockchain leader by 2030. The approach consists of five vital steps to improve...

Indonesia Extends Crypto Exchanges Licensing Deadline Until November

 Indonesia extends crypto exchanges licensing deadline until November, allowing more time for compliance with new safety and tax regulations. Indonesia's Commodity Futures Trading Regulatory Agency...

Tezos Stakers File Lawsuit Against IRS Over Taxes

The Jarretts argue that staking rewards should be taxed as property, not income. The IRS's current approach may result in over taxation and...

Dubai VARA Files Charges Over 7 Unlicensed Crypto Firms.

VARA issued cease-and-desist orders to seven unauthorized crypto organizations. The move is intended to protect investors while ensuring compliance in Dubai's crypto market. Dubai's...

India Leads Global Crypto Adoption Despite Ban on Offshore Exchanges

India remains the leader in global cryptocurrency adoption despite regulatory challenges. The ban on offshore exchanges has not significantly reduced their usage in...

CEX.IO Resumes UK Operations After 10-Month FCA Compliance Suspension

CEX.IO restarts UK operations and provides access to 190 digital assets following FCA compliance. The UK's position as a worldwide digital hub is...

UK Authorities Intensify Crackdown on Illegal Bitcoin ATM Operations

Rahman's case is the UK's first prosecution for operating unauthorized Bitcoin ATMs. Lack of defined digital asset legislation exposes consumers to considerable dangers. In...

Abu Dhabi Advances Fiat-Referenced Token Regulation with New Framework

FSRA's latest proposals seek to regulate Fiat-Referenced Tokens (FRTs) to improve stability. FSRA will assess feedback submitted by the public until October 3...

Tornado Cash Faces Legal and Regulatory Heat as Its Founder Seeks Funding

Tornado Cash founders face serious legal challenges and regulatory scrutiny. OKX has issued strict instructions to users regarding interacting with Tornado Cash due...

India Holds Off on Cryptocurrency Regulation Amid Economic Uncertainty

India has no immediate plans to regulate cryptocurrency sales and purchases The government is assessing crypto risks and benefits, aiming for a policy...