REGULATION
Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.
Estonia to Strengthen Supervision of Virtual Asset Service Providers
Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers.
Ontario Securities Commission Criticizes Binance for Incomplete Registration
The Ontario Securities Commission (OSC) of Canada stated that Binance has not yet obtained the legal operating qualifications for the province of Ontario.
Turkey's Concern for Crypto Mounts, Races to Implement Long-Awaited Regulation
Following confirmation that the long-awaited crypto regulation is ready by the Turkish President, Recep Tayyip Erdoğan, stakeholders in the country want the regulations to be implemented as soon as possible.
Indian Securities Regulator Urges Mutual Fund Companies To Avoid Investing In Crypto, Until Regulations Set In
SEBI urges mutual fund companies in India to avoid investing in cryptocurrencies as the government is still considering new crypto rules.
Binance Trading Platform Licenses in Bahrain, Canada
The year 2021 is finally going to end on a great note for Binance, the world’s largest cryptocurrency exchange, as it has secured double licenses from the Central Bank of Bahrain (CCB) and Canada.
Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks
Japan’s FSA is working on a legislation that is set to be introduced next year. The regulations seek to make it only wire transfer companies and banks can issue stablecoins.
Indian Government Affirms to Regulate Digital Currencies instead of Banning
Affirming the prior speculations on the concerted efforts of the Indian parliament and government to regulate the developing world of cryptocurrencies.
South Korea Plans to Suspend Crypto Taxation Until 2023
Crypto investors in South Korea might have a sigh of relief because the government intends to delay imposing crypto taxation until 2023.
India Reportedly Postpones to Test Digital Rubee in Q1 in 2023, Amid Banning Private Cryptos
Reportedly, the Indian government has postponed the trial date of testing digital Rubee until Q1 of 2023, the digital form of central bank digital currency (CBDC), according to local media outlets.
S. Korea's Democratic Party Backs Support for Crypto, Metaverse
Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.
Russian Auditor of Accounts Chamber Warns of the Risks in Crypto Investment
Alexei Savatyugin, the Auditor of the Accounts Chamber in the Russian Parliament has shared concerns about unregulated digital currencies, and the risks they pose to investors.
Israel Proposes New AML Rules for Crypto Service Providers
Digital currency service providers in Israel are now expected to adhere to the provisions of new Anti-Money Laundering (AML) rules enacted by the Israeli Money Laundering and Terror Financing Prohibition Authority (IMPA).
Digital Rubble Prototype to be Introduced in Early 2022
In line with the development of its Central Bank Digital Currency (CBDC) dubbed the Digital Rubble, the Central Bank of Russia is set to launch a prototype platform for the new form of money in early 2022.
Indian Payment Giant Paytm May Add Crypto Services if Regulations Improves
Indian payment unicorn Paytm has reiterated its willingness to add Bitcoin and crypto-related services if regulations around the nascent asset class become clearer.
US SEC Delays Decision on Valkyrie Bitcoin Spot ETF Proposal Until 2022
The SEC has delayed its decision on the Valkyrie Bitcoin Fund until January 2022.