Regulation

Blockpass, a digital identity verification provider partnering with various crypto wallets and exchanges, has started offering KYC services to Cardano’s commercial arm, EMURGO. Cardano-based addresses will be added to the Blockpass App, and projects can directly access on-chain KYC services, if needed, to comply with regulatory requirements. Positioned as the axis of the Cardano ecosystem, EMURGO is responsible for developing the community’s NFT marketplace Fibo, Yoroi...

The French president has been known for his ambition of making the country a “startup nation” that is friendly to new technologies and appealing to talents and capital. When campaigning for his second bid for the presidency, Emmanuel Macron expressed his favorable opinions toward Web 3.0 and the Metaverse while maintaining that regulation led by public authorities is necessary for ensuring the sector’s long-term success. Proud of the made-in-France crypto unicorns like Ledger...

The Korea Fair Trade Commission (KFTC) is reportedly ready to impose tougher regulations on Dunama – the parent company of the country’s largest crypto exchange, Upbit – by classifying it as a “large enterprise.” The authority deems firms with more than 5 trillion won ($4.03 billion) assets subject to stricter regulatory scrutiny, requiring them to “disclose information on major intracompany dealings, board decisions, and shareholders.” Dunamu held 10.15 trillion won (US$8.19...

Scott Melker is a popular cryptocurrency analyst and influencer with a captivating story of a former world-renowned DJ who stepped back from his professional career in music and turned to crypto. The Wolf of All Streets – as he’s better known on social media – has been a guest on our podcast before and if you want to learn more about his past career as a DJ, make sure to check out the episode from 2021. Back then (June 2021), Bitcoin’s price had dropped from its former...

The United Kingdom has announced it will soon be regulating stable coins and that it’s looking to broaden those regulations to include bitcoin and more standard versions of crypto in the future. The UK Is Planning to Regulate All Stable Coins Economic Secretary to the Treasury John Glen made the announcement in a recent speech at the Innovate Finance Global Summit. He commented: I can confirm that we will be legislating to bring certain stable coins into our payment...

Australia’s financial regulators have yet to approve plans by the Commonwealth Bank of Australia (CBA) to offer access to crypto products for its over 6.5 million customers. The regulatory watchdog says the onus is on the CBA to comply with laid-down rules and regulations for financial products. Opposition from the regulator has prevented the CBA from moving beyond the pilot phase of the project. Will CBA’s Crypto Product Be Delayed? According to a report by Financial Review...

The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized three commercial banks in the country for failing to follow a directive from the regulation that prohibits consumers from transacting in cryptocurrencies. CBN’s Sanctions According to the latest Bloomberg report, the financial institutions were fined for breaching a...

Dubai – the capital of the United Arab Emirates in the Middle East – has unveiled a new digital currency law that apparently a lot of other countries could learn from. The law allows for increased innovation and investor protection in the space while also permitting banks to do their jobs in making sure that all crypto activity is regulated and safe. Dubai Is Instilling a New Crypto Law Jonathan Levin of Chainalysis fame is speaking at this week’s World Government Summit...

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Lawmakers in the European Union (EU) are making it hard for crypto traders to invest in digital currency while remaining private. Regulators say they are working to make it so that money laundering in the crypto space never happens again. As a result, they are implementing new rules that will require all crypto exchanges and trading platforms to obtain, hold, and submit information on customers involved in digital currency transfers. The EU Is Coming Down Hard on Crypto...