Regulatory Updates
Rumoured That The US Doj May Fine Binance Us$4 Billion In Settlement Of Actions
It is rumoured that the United States Department of Justice (DOJ) may be prepared to accept a settlement of US$4 billion in fines from the crypto...
Crypto.Com Secures Vasp Licence In Dubai
Crypto.com's Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) license by Dubai's Virtual Assets...
Binance Partners With Gulf Energy To Launch Invitation-Only Crypto Exchange In Thailand
Binance is partnering with Gulf Energy Development, a local energy giant, to launch a cryptocurrency exchange in Thailand. Initially, the services...
Turkey Aims To Tackle Licensing And Taxation For Its Crypto Market With New Crypto Regulations
Turkey is planning to introduce new rules for its crypto market, focusing on licensing and taxation. The country wants to remove itself from the...
Uzbekistan Allows Two Banks To Issue Crypto Cards
Uzbekistan's National Agency for Perspective Projects (NAPP) has given approval to two private banks — Kapital Bank and Ravnaq Bank — to issue...
Retail Crypto Trading Allowed On 2 Hong Kong Exchanges
Hong Kong’s Securities and Futures Commission (SFC) has upgraded the licences of OSL and Hashkey Exchange allowing them to expand their crypto...
US To Consider Two New Crypto Bills
Two new legislative initiatives for the crypto industry were introduced in the United States last week. Senator Jack Reed introduced a bipartisan...
EU Publishes First Consultation Paper On MICA Standards For Crypto Asset Service Providers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has published a consultation paper on the proposed...
UK Law Commission Proposes Crypto Law Reforms
The UK Law Commission has made four main recommendations following a mandate from the British government to conduct a common law analysis of crypto...
EU to Release Draft Rules For a Digital Euro This Week
The European Union is preparing to release draft rules to provide a legal foundation for a digital euro. The digital euro is expected for retail...
HSBC to Launch Cryptocurrency Services in Hong Kong
HSBC has reportedly begun offering its first local cryptocurrency services. These services will allow customers to buy and sell Bitcoin and...
Swiss Central Bank Launches Wholesale CBDC Pilot on Six Digital Echange
The Swiss National Bank (SNB) will reportedly launch a pilot program of a wholesale Central Bank Digital Currency (CBDC) on the SIX digital...