Regulatory Updates
UAE establishes virtual asset regulator and announces new crypto regulation 9 March 2022
Sheikh Mohammed bin Rashid Al Maktoum, prime minister and ruler of the United Arab Emirates (UAE), has announced a new law on virtual assets and the...
Thailand Exempts Crypto Traders on Authorized Exchanges From Vat 8 March 2022
The Finance Ministry of Thailand has reportedly relaxed crypto tax regulation to promote investment in the digital asset market. The revision...
South Korea to create a national metaverse ecosystem
South Korea’s Ministry of ICT, Science, and Future Planning has pledged around US$186.7 million to create a broad metaverse ecosystem called the...
HKEX is the first exchange to list an ETF investing in metaverse-linked stocks 20 February 2022
CSOP Asset Management, a Hong Kong-based investment manager, launched its Metaverse Concept exchange-traded fund (ETF) on 21st February making it...
India plans to issue its CBDC and tax private crypto 14 February 2022
The Finance Minister of India, Nirmala Sitharaman, said recently that discussions are being conducted with the Reserve Bank of India (RBI) on...
Russia will regulate Bitcoin as currency 9 February 2022
The Russian government and the Central Bank of Russia have agreed on their approach to regulating cryptocurrencies after months of speculation about...
Russian regulator registers nation’s first digital asset manager 4 February 2022
The Bank of Russia has announced its registration of Atomyze, a tokenisation service, making it the country’s first registered digital asset...
China pilots nationwide blockchain development 31 January 2022
The Cyberspace Administration of China (CAC) has announced efforts to expedite blockchain development and innovation across 15 zones and 164...
South Korea completes first phase of CBDC pilot 24 January 2022
The Bank of Korea, the Republic of Korea’s central bank, has successfully completed the first phase of its central bank digital currency (CBDC)...
Singapore restricts public crypto advertising 17 January 2022
The Monetary Authority of Singapore (MAS) issued a new set of guidelines for digital payment token (DPT) providers on 17 January. The new...
Bank of Jamaica plans CBDC roll out in 2022 3 January 2022
The Bank of Jamaica (BoJ) has successfully completed testing of its central bank digital currency (CBDC). Having conducted initial CBDC prototype...
Russia may impose blanket crypto ban in 2022 17 December 2021
Speaking at a press conference on 17 December, the Russian Central Bank governor raised the possibility of a blanket ban on cryptocurrency-related...