The landscape of cryptocurrency regulation in Europe is undergoing a transformative shift with the forthcoming implementation of the Markets in Crypto-Assets (MiCA) regulation. The European Securities and Markets Authority (ESMA) has taken a crucial step by releasing its final guidance, detailing expectations for market conduct and investor protection. After an extensive 18-month initiative that involved
Regulation
In a pivotal move, the Nigerian Securities and Exchange Commission (SEC) has implemented stringent new regulations aimed at controlling the influence of social media personalities on cryptocurrency promotion. As the digital asset space garners both interest and skepticism, the SEC’s decision underscores the urgent need for enhanced accountability among influencers and the firms they promote.
The UK’s Financial Conduct Authority (FCA) has embarked on an important public consultation as of December 16, with the aim of refining and strengthening regulations within the cryptocurrency sector. This initiative highlights the FCA’s dedication to developing a regulatory framework that not only safeguards consumers but also fosters innovation in a rapidly evolving market. As
In a pivotal moment for the evolving landscape of digital assets in the United States, Congressman French Hill has taken on the role of chair of the House Financial Services Committee. His recent dialogue with CNBC serves as an articulate outline of his strategic priorities aimed at clarifying and reforming the regulatory framework surrounding cryptocurrencies.
Italy recently found itself at the crossroads of economic policy and technological progress when the government suggested a substantial increase in the tax on capital gains from cryptocurrency investments. Initially set at 26%, the proposed hike recommended elevating this figure to 42% as part of the 2025 budget plan. The objective behind this decisive move
In a significant ruling, the Australian Securities and Investments Commission (ASIC) has imposed a hefty $5 million fine on Bit Trade, the firm behind the Kraken cryptocurrency exchange. This monumental decision, stemming from a federal court ruling, highlights the increasing scrutiny on financial entities and their adherence to the regulatory obligations set forth by Australian
In a significant development for the cryptocurrency landscape, Ripple CEO Brad Garlinghouse announced on December 11 that the company has received the green light from the New York State Department of Financial Services (NYDFS) to launch its much-anticipated stablecoin, Ripple USD (RLUSD). This announcement not only signifies Ripple’s resilience in overcoming regulatory hurdles but also
In a significant development for cryptocurrency regulation, the Abu Dhabi Global Market (ADGM) has recognized Tether’s USDT stablecoin as an Accepted Virtual Asset (AVA). This landmark approval is driven by the Financial Services Regulatory Authority (FSRA), enabling licensed entities to facilitate USDT transactions within a structured legal framework. This decision is not just a regulatory
As the cryptocurrency landscape continues to evolve, the recent comments by Anthony Scaramucci at the Bitcoin MENA 2024 conference provide intriguing insights into the future of Bitcoin on a global scale. Scaramucci indicated that China is likely to reestablish its Bitcoin mining operations and consider integrating Bitcoin into its reserve assets. This proclamation arrives at
As the popularity of cryptocurrencies continues to soar, the Australian government is pivoting towards stronger regulatory measures to combat the growing threats associated with digital currency transactions, particularly concerning crypto ATMs. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has taken decisive steps to address these challenges, responding to concerns about money laundering and criminal