Regulatory Updates
Canadian regulators allege breach of securities law by crypto exchange 27 May 2021
The Ontario Securities Commission (OSC) has issued a statement of allegations against Poloniex crypto exchange, claiming that the firm has failed to...
Hong Kong regulators to ban crypto exchanges from serving retail investors 21 May 2021
Hong Kong's Financial Services and the Treasury Bureau (FSTB) has published the results of its consultation on requiring "virtual asset exchanges"...
Kazakhstan to introduce roadmap for developing its crypto market 11 May 2021
Kazakhstan’s government is creating a roadmap to stimulate the development of the country's cryptocurrency industry and blockchain technology. State...
Thailand develops stringent KYC requirements for crypto exchanges 3 May 2021
New financial regulations in Thailand will tighten the requirements for new account opening at crypto asset exchanges. The country’s Anti-Money...
Ireland applies AML and CFT laws to crypto firms 27 April 2021
Ireland’s crypto businesses have become subject to regulatory oversight for the first time. The EU’s Fifth Anti-Money Laundering Directive has been...
The US looks to develop a regulatory framework for cryptocurrencies 20 April 2021
Sources close to the Biden administration have revealed that it is in the early stages of developing a regulatory approach to cryptocurrencies....
The Bank of Russia presents a new concept for its CBDC, the digital ruble 9 April 2021
The Bank of Russia has presented a new concept for the Russian central bank's digital currency. According to its First Deputy Governor, the Russian...
Sweden’s Central Bank reports on the first phase of digital currency pilot program 7 April 2021
Sweden emerged as one of the first countries to explore the adoption of a central bank digital currency (CBDC) when its central bank, Sveriges...
Dubai regulator consults on regulation of security tokens 29 March 2021
The Dubai Financial Services Authority (DFSA) published a consultation paper on a “Framework for Regulating Security Tokens” on 29 March 2021 with a...
The Hi-Tech Park Administration will oversee crypto-exchanges and digital tokens in Belarus 16 March 2021
According to Belarus' First Deputy Prime Minister, the government is proposing to appoint the Administration of the Hi-Tech Park as the supervisory...
US Lawmakers suggest creating a working group to evaluate U.S. cryptocurrency regulations 9 March 2021
A recently introduced US bill - the “Eliminate Barriers to Innovation Act of 2021” - would create a working group composed of industry experts and...
US tax authority updates reporting requirements for crypto 4 March 2021
The United States Internal Revenue Service (IRS) has updated its FAQ section on cryptocurrency. It explains that an investor who has only purchased...