The exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas.
Headline
Category: Regulation News
Bitcoin miners say NY ban will be ineffective and ‘isolate’ the state
Miners feel that the New York legislature’s efforts to get Bitcoin miners out of their state will backfire in the long run as other states […]
Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations
In places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve.
Swedish central bankers snipe Bitcoin mining, cite rampant energy use
A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react.
Yellen doubts crypto’s place in 401(k), says Congress could regulate
A head of the Treasury would not recommend investing the retirement money into digital assets “to most people.”
New York state releases guidance for issuing dollar-backed stablecoins
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the […]
Lithuania aims to tighten crypto regulation and ban anonymous accounts
The country decided to act in advance of upcoming EU regulations that could effectively ban noncustodial wallets.
Legal troubles mount for Terraform Labs as Seoul police investigate
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation.
Gillibrand and Lummis state that most altcoins are securities
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand.
Information, AML/CFT steps are key to fighting international digital crime, DOJ report says
The Justice Department report, mandated by the president’s executive order on digital asset development, recommends more efforts along the lines already being pursued.