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regulation

Nigeria’s SEC to issue first VASP license this month: report
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22 August, 2024

Nigeria’s SEC to issue first VASP license this month: report

SEC Chair Emomotimi Agama says that he is committed to “supporting the youth” by regulating a digital asset space whose...
China supreme court adds ‘virtual assets’ to anti-money laundering law
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21 August, 2024

China supreme court adds ‘virtual assets’ to anti-money laundering law

China's Supreme People's Court and the Supreme People's Procuratorate announced that under the new interpretation of the law, "virtual asset"...
California waters down AI safety bill to appease industry opposition
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20 August, 2024

California waters down AI safety bill to appease industry opposition

With input from Anthropic, lawmakers proceeded with the amendments to the SB-1074 bill, including limiting enforcement penalties and criminal perjury...
Kyrgyzstan proposes new legislation to legalize CBDC
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19 August, 2024

Kyrgyzstan proposes new legislation to legalize CBDC

In April, the Kyrgyz Central Bank conducted a trial for the digital som and has now opened a public consultation...
India has no plans to regulate digital asset sales or purchases
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15 August, 2024

India has no plans to regulate digital asset sales or purchases

While there are no immediate plans to regulate digital asset sales and purchases, India continues to strictly monitor the industry,...
Hong Kong’s digital banks urged to improve services for Web3 firms
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15 August, 2024

Hong Kong’s digital banks urged to improve services for Web3 firms

Hong Kong Legislative Council member Johnny Ng Kit-Chong noted that streamlining banking services in Hong Kong will attract global Web3...
47 VASPs have applied for licensing in Turkey: Capital Markets Board
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14 August, 2024

47 VASPs have applied for licensing in Turkey: Capital Markets Board

Under the country’s capital markets law, which took effect a month ago, 47 virtual asset service providers are currently awaiting...
Thailand SEC launches digital asset regulatory sandbox
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14 August, 2024

Thailand SEC launches digital asset regulatory sandbox

The new sandbox in the country will cover dealers, exchanges, brokers, advisors, fund managers and wallet providers, who must first...
IRS updated digital asset tax form ditches wallet address, transaction ID requirements
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14 August, 2024

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions...
Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins
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14 August, 2024

Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins

At the third Foresight Conference, David Chiu, a Hong Kong Special Administrative Region legislative council member, said they must soon...
European financial markets advocacy body suggests policy steps to scale DLT in capital markets
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13 August, 2024

European financial markets advocacy body suggests policy steps to scale DLT in capital markets

The Association for Financial Markets in Europe’s paper on digital finance outlines priorities for a "competitive financial market," and one...
Law Commission proposes new property category for digital assets in UK
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12 August, 2024

Law Commission proposes new property category for digital assets in UK

The Law Commission of England and Wales recently published a "final report" highlighting the inadequacy of the current categorization of...