regulation Archives

Slovakia slashes digital asset taxes to 7%

Business

Steve Kaaru

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4 July, 2023

Slovakia slashes digital asset taxes to 7%

The National Council of Slovakia voted 112-2 in favor of the amendment, which will lower the taxes from a maximum...

Dubai VARA releases schedule of fees for digital asset-related activities

Business

Wahid Pessarlay

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4 July, 2023

Dubai VARA releases schedule of fees for digital asset-related activities

Proprietary traders of digital currencies looking to operate in Dubai will be required to possess a no-objection certificate (NOC), according...

New Zealand central bank to increase digital assets monitoring, avoids full regulatory approach

Business

Wahid Pessarlay

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4 July, 2023

New Zealand central bank to increase digital assets monitoring, avoids full regulatory approach

The Reserve Bank of New Zealand also stated that a slow-and-steady approach is required for stablecoins and digital currencies due...

KuCoin aligns with global regulatory standards with mandatory KYC program

Business

Wahid Pessarlay

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3 July, 2023

KuCoin aligns with global regulatory standards with mandatory KYC program

KuCoin disclosed that the new Know Your Customer policy would begin on July 15 for new and existing customers, stating...

UK passes bill recognizing digital assets as regulated financial activity

Business

James Field

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3 July, 2023

UK passes bill recognizing digital assets as regulated financial activity

The FSMB bill passing extends the banking rules of the FSMA 2000 to stablecoins and digital assets, meaning digital assets...

EU reaches deal on digital asset regulation along with strengthened banking rules

Business

James Field

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30 June, 2023

EU reaches deal on digital asset regulation along with strengthened banking rules

The amendments to the CRR and CRD centered on regulating digital assets in the European Union include a transitional prudential...

Business

Steven Stradbrooke

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30 June, 2023

Binance’s ever-shrinking European footprint loses EUR payment rail

Germany’s Bafin had decided against issuing Binance a license to custody digital currencies, stating that this decision had been communicated...

Shanghai Clearing House floats digital yuan services for commodity trading

Business

Wahid Pessarlay

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30 June, 2023

Shanghai Clearing House floats digital yuan services for commodity trading

One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...

We’re not building a crypto hub in Hong Kong, regulator says

Business

Steve Kaaru

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29 June, 2023

We’re not building a crypto hub in Hong Kong, regulator says

The securities chief says the collapse of FTX entrenched the agency’s belief that ‘crypto’ trading must be regulated stringently as...

FATF calls for better implementation of its digital asset guidance to combat financial crimes

Business

James Field

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28 June, 2023

FATF calls for better implementation of its digital asset guidance to combat financial crimes

The Financial Action Task Force urged member states to promptly implement its virtual asset and virtual asset service provider guidance,...

Japan allows limited use of generative AI in schools

Business

Wahid Pessarlay

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28 June, 2023

Japan allows limited use of generative AI in schools

The draft regulations ban using AI for examinations, requiring teachers to educate pupils on the “tendencies and limitations” of the...

IMF says banning digital assets may not be effective in the long-term

Business

James Field

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27 June, 2023

IMF says banning digital assets may not be effective in the long-term

Banning digital assets may not be the best way of mitigating the associated risks, said the IMF, a few months...

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