The Hong Kong Securities and Futures Commission (SFC) has said that it would revise its regulations concerning the sales and requisite of virtual currencies amid current market trends and demands from the industry. The SFC said on October 20 that under the new regulations, only institutional investors would be authorized
The crypto community witnessed the official adoption by European Union finance ministers of new guidelines allowing for the sharing of information between tax agencies about individuals’ crypto holdings. The paper will be published in the Official Journal of the European Union and will become effective 20 days later. EU member
The cryptocurrency bill signed into law by California Governor Gavin Newsom imposes harsher controls on enterprises engaging in crypto activities beginning in July 2025. According to a statement released by Newsom on October 13th, the measure would require people and businesses to be licensed by the Department of Financial Protection
By enforcing severe fines on unregistered crypto service providers (CSPs), Cyprus is working to strengthen its oversight of the crypto industry. The government has recommended a change to the “Prevention and Suppression of Money Laundering Law.” The purpose of this change is to bring Cyprus in conformity with the standards
The Financial Conduct Authority (FCA), the United Kingdom’s highest financial regulator, issued a warning list to many prominent cryptocurrency exchanges on Sunday, October 8 for advertising their services without the necessary authorization. As of October 8th, the United Kingdom’s financial promotion legislation now includes crypto asset service providers worldwide. All
In light of recent changes to the laws governing cryptocurrency exchanges in the U.K enacted by the Financial Conduct Authority (FCA), OKX UK, a subsidiary of the global crypto exchange OKX, said in a blog post that it would be making substantial changes to the tokens it supports. OKX UK
New regulations are being introduced by Taiwan’s Financial Supervisory Commission (FSC) to further safeguard crypto investors. The Commission has released industry standards for virtual asset service providers (VASP) operating in Taiwan on September 26. These recommendations outline the FSC’s essential principles for regulating the crypto market in Taiwan. Separating exchange
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VICTORIA, Seychelles–(BUSINESS WIRE)–#blockchain–Alicia Kao, the Managing Director of KuCoin, attended the TOKEN2049 panel and discussed the challenges and opportunities exchanges will face ahead. She shared her valuable insights, emphasizing that the self-regulation will bring sustainable development for the industry, unveiling the meticulous security measures enacted by KuCoin to fortify the
Thursday saw the release of a report outlining policy suggestions and guidelines for crypto regulation. This was from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). India, as G20 president, has requested that the IMF and FSP create policy and regulatory frameworks. This is for a unified
