Cryptocurrency regulations are evolving rapidly as governments and financial institutions grapple with the challenges posed by digital currencies. New York State is at the forefront of this regulatory landscape, with the New York State Department of Financial Services (NYDFS) recently outlining new requirements for virtual currency business entities. These rules, particularly focused on cryptocurrency delistings,
Regulation
The Japan-based cryptocurrency exchange JPEX has recently faced a series of regulatory issues and service reductions, casting a shadow of uncertainty over its operations. This article delves into the latest developments surrounding JPEX and analyzes the implications of these events. JPEX announced on September 17 that it would pause a key feature by delisting all
In a positive turn of events for Senator Elizabeth Warren’s cryptocurrency anti-money laundering bill, nine additional senators have pledged their support. These senators include influential committee chairs, further strengthening the bill’s chances of becoming law. According to a recent Politico report, key figures such as Homeland Security Chair Gary Peters and Judiciary Chair Dick Durbin
The European Parliament has given its approval to DAC8, a measure that will establish tax reporting requirements for cryptocurrency transactions across the European Union (EU). With a significant majority vote in favor of 535, 57 against, and 60 abstentions, the proposed rule has overcome its final legislative hurdle and is now on track to become
An early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) should not deter its eventual success, according to statements from Nasdaq executive Giang Bui on September 13th. BlackRock filed an application for a spot Bitcoin ETF on June 15th, with Nasdaq responsible for filing the proposed rule changes needed to list the product. However,
Bitcoin has made significant strides over the years, evolving from a niche digital currency to an asset class that has captured the attention of institutions and retail investors alike. One of the most discussed topics in the crypto industry is the approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission
Luna, a subsidiary of Digital Currency Group (DCG), has announced that it will be pausing certain crypto trading services in the U.K. This decision comes in response to new rules set by the U.K.’s Financial Conduct Authority (FCA), which will impose strict restrictions on how cryptocurrency companies can advertise their services. As a result of
G20 leaders are making significant strides towards the establishment of a Crypto Asset Reporting Framework, as reported by The Times of India on September 9th. This framework will enable G20 member countries to collect and exchange information regarding the use of cryptocurrencies and digital assets, with the primary objective of preventing tax evasion. The leaders
In a move to regulate the advertising practices of social media influencers, including those in the crypto industry, French influencers are now required to obtain certifications in the Responsible Influence in Financial Advertising program. This program was developed by the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP)
Cryptocurrencies and stablecoins have experienced rapid growth in recent years, raising concerns about their impact on financial stability and integrity. In response, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a report commissioned by G20, outlining a comprehensive framework for regulating crypto-assets. This article critically analyzes the report and explores