Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

    Cryptocurrency

    Australia Senate Report Proposes New Crypto Licensing Regime

    By Manesh Samtani | 21/10/2021

    The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.

    Cryptocurrency

    NYSE Launches First US ETF Linked to Bitcoin with SEC Approval

    By Sanday Chongo Kabange | 21/10/2021

    The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.

    Stablecoins

    CFTC Fines Tether as US Regulators Scrutinise Crypto Markets

    By Mark Johnston | 21/10/2021

    The CFTC has fined Tether $41mn and Bitfinex’s parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.

    Cryptocurrency

    Crypto Asset Regulation “A Matter Of Urgency”, says BOE

    By Mark Johnston | 18/10/2021

    Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.

    PEPs & Sanctions

    OFAC Issues Sanctions Guidance for Crypto Sector

    By Editors | 17/10/2021

    OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.

    Cryptocurrency

    Sri Lanka to Develop Regulatory Framework for Cryptocurrency

    By Sanday Chongo Kabange | 15/10/2021

    The committee will advise Sri Lanka’s cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.

    Cryptocurrency

    S. Korean Legislators Seek to Delay Cryptocurrency Taxation

    By Sanday Chongo Kabange | 14/10/2021

    Lawmakers are proposing to delay plans to tax cryptocurrency gains by one year to 2023, and to impose a more generous tax framework.

    Cryptocurrency

    China Names Crypto Mining as Prohibited Activity on ‘Negative List’

    By Sanday Chongo Kabange | 14/10/2021

    China’s latest ‘negative list’ removes six industries, while introducing new restrictions for the media, finance and cryptocurrency sectors.

    Cryptocurrency

    S. Korea to Start Taxing Cryptocurrency Gains Next Year

    By Sanday Chongo Kabange | 10/10/2021

    Any further delay will lead to “the loss of public trust in government policy and undermine stability in the legal system”, said finance minister Hong Nam-ki.

    Custody & Infrastructure

    Etrading Software Opens Registration for Digital Token Identifiers

    By Mark Johnston | 08/10/2021

    The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.

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