In recent months, China has enacted stringent measures aimed at monitoring and controlling foreign exchange activities, particularly those associated with cryptocurrencies. The South China Morning Post sheds light on the directives issued by the State Administration of Foreign Exchange (SAFE), where banks are mandated to scrutinize and report any suspicious transactions. These new regulations seek
Regulation
The European Union (EU) has recently launched the Markets in Crypto-Assets Regulation (MiCA), which marks a significant development in the governance of digital assets across its member states. This new framework aims to establish clear guidelines for stablecoins, token issuances, and various crypto services, creating a more structured environment for businesses operating within the EU.
The United Kingdom’s approach to cryptocurrency regulation is increasingly under scrutiny as the Financial Conduct Authority (FCA) struggles to curb misleading advertising within this rapidly evolving sector. Reports indicate that from October 2023 to October 2024, the FCA issued a staggering 1,702 alerts regarding potentially deceptive crypto advertisements. Alarmingly, only slightly over half of these
The digital asset landscape in the United States is undergoing turbulent changes, particularly with the recent introduction of regulations by the Internal Revenue Service (IRS) and the Treasury Department aimed at decentralized finance (DeFi). In a significant move, Andreessen Horowitz’s blockchain division, A16z Crypto, has publicly condemned these new rules, characterizing them as detrimental to
In a groundbreaking development for the cryptocurrency landscape, MoonPay has recently garnered approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This significant milestone, confirmed in a statement released on December 30, allows MoonPay to offer its services across the European Economic Area (EEA) without the hurdles that have previously plagued crypto
In a decisive move, Japan’s Financial Services Authority (FSA) has announced plans to enhance the internal audit protocols at various financial institutions, particularly focusing on cryptocurrency exchanges. This initiative reflects a broader effort to bridge gaps identified within the existing financial regulatory framework and to harmonize local practices with international standards. The FSA articulated its
In an unprecedented move, the US Department of the Treasury and the Internal Revenue Service (IRS) have issued final broker rules that could reshape the landscape of digital asset service providers, particularly in the realm of decentralized finance (DeFi). The announcement calls for these platforms to adhere to stringent Know-Your-Customer (KYC) regulations. The implications of
The cryptocurrency market has experienced tumultuous volatility, particularly highlighted by the collapse of Terra USD (UST) in May 2021. The Securities and Exchange Commission (SEC) has recently levied serious allegations against Tai Mo Shan Limited, a subsidiary of Jump Crypto, for its role in misleading investors regarding UST’s stability and pricing mechanism. This situation is
As the cryptocurrency landscape continues to evolve, 2025 appears poised to be a watershed year for regulatory frameworks within the United States. After enduring years of regulatory uncertainty, Coinbase’s latest market outlook emphasizes a potential shift towards pro-crypto legislation that could fundamentally alter how digital assets interact with traditional financial systems. Key indicators suggest a
Recent discussions surrounding the potential transformations within the regulatory landscape for crypto exchange-traded funds (ETFs) have sparked considerable interest among investors and industry analysts alike. With the anticipated appointment of Paul Atkins as chairperson of the U.S. Securities and Exchange Commission (SEC), the door may be opening for significant policy alterations. SEC Commissioner Hester Peirce,
