Decentralized exchanges must figure out how to up their Know Your Customer compliance before the regulation wave hits.
Category: Regulation News
Thailand SEC bans crypto payments, seeks disclosure of system failure from exchanges
Since December 2021, the government of Thailand has been working on preparing a new regulatory framework by defining “red lines” for the crypto industry.
Euroclear invests in Fnality to advance digital ledger technology strategy
The firm claims to have settled nearly 1,000 trillion euros worth of securities transactions last year.
Ireland’s central bank follows UK’s example in warning of crypto advertisements
The central bank warned people to be mindful of “the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise […]
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.
Abu Dhabi rolls out draft recommendations for NFT trading
The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.
Japanese crypto exchanges aim to catch up with coin listings: Report
The JVCEA will release a “green list” of 18 cryptocurrencies that will no longer be subject to screening by Japanese crypto exchanges before listing.
El Salvador seems to delay its ‘volcano bonds’ launch
The government has repeatedly announced that its “volcano bonds” would launch by March 20, but it has apparently failed to deliver.
Indian crypto tax policy to treat each digital asset investment independently
The government intends to treat each crypto trading pair transaction separately, deterring traders as it would only tax their profits without accounting for the losses.
EU vote on Bitcoin mining: What does it mean for the industry?
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.”