Regulation

The recent approval of new Anti-Money Laundering Regulations (AMLR) by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) in Europe. These regulations will require CASPs to implement stringent Know Your Customer (KYC) procedures in order to combat money laundering effectively. The new laws mandate enhanced due diligence measures and checks on
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Recent reports from Nigerian authorities have revealed their intentions to crack down on crypto trading, specifically targeting peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A trending circular on social media platform X highlighted the government’s directive for financial institutions in the country to identify individuals or entities transacting with these exchanges and
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Recently, the Blockchain Association and Crypto Freedom Alliance of Texas made headlines for taking legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC’s sanctioning of a rule that redefines the parameters for what constitutes a “dealer” of securities. According to the groups, this action was deemed “arbitrary and
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In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has put forth a proposal to establish independent self-regulatory organizations (SRO). The initiative aims to enhance the regulatory landscape, support innovation, and ensure security within the burgeoning field. The HKSFPA emphasizes the
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The MiCA regulation, which stands for Markets in Crypto-Assets, is a significant development in the crypto industry. Set to reshape the landscape of crypto markets in the European Union (EU), MiCA is designed to bring clarity and security to the market while ensuring the protection of investors and consumers. As the deadline for compliance approaches,
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A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has caused a stir within the crypto industry. The proposed ban on algorithmic stablecoins outlined in the Lummis-Gillibrand Payment Stablecoin Act has been met with criticism and concern from various experts and industry insiders. Former Blockchain Association member Jake Chervinsky labeled the
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