Regulation

Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete steps to enact these measures. In contrast, Singapore’s central bank has taken a proactive approach by introducing a structured framework, outlining various prerequisites, aiming to bring transparency to stablecoin issuers and their operations. Singapore’s Stablecoin...

CoinspeakerSingapore Unveils Comprehensive Regulatory Framework for Stablecoins MAS said that only stablecoin issuers meeting the requirements of the newly introduced guidelines would only be considered for regulation.  Singapore Unveils Comprehensive Regulatory Framework for Stablecoins

A group of lawmakers in Canada is calling for full-on regulation of the crypto industry. Will Canada Regulate Crypto? In a recent report, the lawmakers wrote: While many emphasized Canada’s strong regulatory safeguards, such as provincial securities regulation and federal anti-money laundering and anti-terrorism financing obligations, witnesses stated that governments need to partner with industry to better understand this rapidly evolving sector and enact...

CoinspeakerFrance Modifies Regulatory Requirements for Crypto Firms to Align with MiCA Regulation The "enhanced" registration requirements will be effective from January 1, 2024. France Modifies Regulatory Requirements for Crypto Firms to Align with MiCA Regulation

Chen Zhuling – founder and CEO of Rock X – is confident blockchain is going to reach new levels of usage and popularity in the coming months. Chen Zhuling on Blockchain’s Future In a recent interview, he stated: The attraction of leading technology developers to the blockchain industry represents a broadening recognition of blockchain as more than just a financial instrument. It is a foundation for the new digital frontier. Blockchain is akin to a new-age...

The House Financial Services Committee (HFSC) approved a slew of proposals related to digital asset regulation last month, of which any could be the first piece of crypto-specific legislation signed into U.S. federal law. Here’s a summary of the differences between the most important bills, and what each could mean for crypto as a whole. 4 Crypto Bills: A Summary One of the most high-profile bills to score approval was the Financial Innovation and Technology for the 21st...

Binance is getting a lot of heat from the Securities and Exchange Commission (SEC) and related agencies. Not long ago, Jareck Jakubcek – the head of law enforcement at Binance APAC – sat down for an interview to explain the regulatory issues surrounding crypto and to explain that digital assets aren’t immune to criminal activity. What’s Going on with Binance? He stated: At Binance, we welcome opportunities to actively engage with regulators, and we support clearer...

Canada has just finished having its first ever bitcoin conference. Taking place at the Chelsea Hotel in mid-June in downtown Toronto, the event was a huge success and is one of the first of its kind in the Great White North. Canada and Bitcoin… Growing Stronger Together? Canada has had a relatively mixed history with bitcoin and crypto. Between Quadriga CX – which is being labeled as some as the first FTX given the amount of money that’s been lost – and the harsh...

Although most prices in the cryptocurrency market have shown high levels of stagnation in the past week, there were still several notable developments on different fronts. Starting with US regulations, this week saw discussions for a few separate bills, including the Financial Innovation and Technology for the 21st Century Act, which Democrats claimed still “reeks” of Sam Bankman-Fried – the disgraced former FTX exec who was among the chief supporters. On the other hand,...

Several federal and state government entities, as of late, have worked hard to better understand the crypto industry and implement appropriate regulation to ensure safety amongst traders, though not all these attempts have been successful, and in Illinois, a new crypto bill has come to a dead standstill and is now facing the possibility of being vetoed later in the year. New Illinois Crypto Bill Appears to Be Stuck in the Mud Known as House Bill 3479, the document...