The Banko Sentral ng Pilipinas said that the closing of VASP applications begins on Sept. 1, 2022, and will last for three years.
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Category: Regulation News
Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist?
S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors.
Coinsquare chief operating officer shares thoughts on becoming first IIROC registered crypto dealer in Canada
The past actions of bad actors has forced the country’s regulators to take a tough stance on crypto exchanges.
ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors
Australia’s financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors.
Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
It’s not yet clear how the alleged criminal misconduct of a former employee led to a law enforcement freeze on users’ funds.
Robinhood to face class action lawsuit from meme stock debacle: Report
It’s been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks.
UNCTAD takes aim at crypto in developing world in a series of critical policy briefs
The UN organization is urging countries with emerging economies to implement regulation to head off the potentially destabilizing influence of cryptocurrency.
Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability” on bills proposed.