Brazil Cracks Down On Crypto Related Financial Crimes
One of the main challenges that cryptocurrencies face is legitimacy. Many government officials link cryptocurrencies to fraudulent dealings such as money laundering and terrorism financing. However, different jurisdictions have developed a new and differing set of rules to ensure cryptocurrencies are
Estonia Proposal To Revoke All Crypto Licenses
While the rest of the world is showing a more open approach regarding crypto assets and their regulations, Estonian regulators have decided to crack down on all exchanges in the country. Financial market regulators in Estonia want to revoke all licenses
Bank of England Says Crypto Rules A ‘Matter of Urgency’
Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England, has issued several recommendations on creating a stable crypto climate. The executive stated that a crash in cryptocurrency prices was “plausible” and that rules regarding crypto assets
SCA To License Crypto Trading In Dubai Freezone
Dubai financial market regulators have come together to make crypto asset trading legal in the Dubai World Trade Center Authority (DWTCA) zone. In a recent announcement, the DWTCA stated that it has partnered with the UAE Securities and Commodities Authority (SCA). The
18 U.S. Congressional Bills on Digital Assets in 2021
The regulatory framework surrounding digital assets in the United States has greatly changed this year. Jason Brett, a former Federal Deposit Insurance Corporation (FDIC) regulator, has stated that lawmakers in the U.S. have shifted their focus from private stablecoins and are
Coinbase Warns Crypto Provisions of Bill Will Affect 60 Million Americans
Coinbase’s Global VP of Tax, Lawrence Zlatkin, has come out to criticize the cryptocurrency provisions contained within the Congress bipartisan infrastructure bill. Zlatkin stated that the hasty decision by lawmakers to include the crypto provisions could affect 60 Million U.S. citizens. Zlatkin
CFTC Commissioner Says SEC Has No Authority Over Crypto
https://twitter.com/CFTCquintenz/status/1422912721637580803 The Commodity Futures Trading Commission (CFTC) has stated that cryptocurrency regulations do not fall under U.S. Securities and Exchange Commission (SEC) oversight. The CFTC argument comes as the SEC looks for ways to gain more control over the crypto market. In
FCA Extends Deadline For Crypto Exchanges
The Financial Conduct Authority (FCA) has yet again extended the Temporary Registrations Regime (TRR) deadline for crypto firms. The end date has been pushed from July 9, 2021, to March 21, 2022. The TRR was established in December 2020 and focused
U.S. Discussing New Crypto Regulations
Governments worldwide have been looking into ways of regulating the crypto market. The U.S. has been lagging behind other countries when it comes to cryptocurrency regulations. Some of the other countries who have been talking heavily about regulations include Turkey,
Turkish Regulators Force Crypto Exchanges To KYC
Turkey's crypto industry is facing new regulations expected to begin this month. Crypto exchanges will now have to monitor customer information more. The Turkish government is making new moves to ensure that crypto exchanges in the country step up to enforce