The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.
August 10, 2023The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.
August 8, 2023As existing licence holders, both firms had to undergo only a simplified process to obtain the required approvals.
August 4, 2023The 'Clarity for Payment Stablecoins Act' would have the Fed write requirements for issuing stablecoins but still preserve the authority of state regulators.
July 30, 2023The 'Financial Innovation and Technology for the 21st Century Act' has now advanced in key committees in the US House of Representatives.
July 28, 2023The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.
July 21, 2023China's digital yuan is gaining traction in domestic transactions, including in the aviation sector and in a Hong Kong shopping festival.
July 20, 2023FIs are encouraged to actively identify customers with a nexus to cryptocurrencies, and to apply EDD where ML/TF and sanctions risks are assessed to be higher.
July 17, 2023The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.
July 13, 2023The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.
July 13, 2023