The SEC on Wednesday voted in favor of proposed amendments to federal regulations “to expand and enhance the role of qualified custodians.” The proposed changes would extend the scope of rules to incl...
Tag: stringent
EU Lawmakers Back More Stringent Rules for Banks Holding Crypto
Lawmakers in the European Union (EU) voted on and approved on Tuesday a draft law that would see banks in the bloc holding cryptocurrencies follow more stringent measures. EU Lawmakers Back Draft Law ...
EU lawmakers impose stringent measures for banks holding cryptocurrencies – Cryptopolitan
On Tuesday, European lawmakers gave a mandate requiring banks holding cryptocurrencies to abide by more stringent measures. The Parliament’s Economic and Monetary Affairs Committee enforced increased ...
Japan’s Financial Watchdog Official Proposes Stringent Crypto Regulations
4 hours ago | 2 mins read Exchange News The Japanese FSA Deputy Director even mentioned FTX’s failure. Crypto exchanges should be regulated like traditional financial institutions as per Yanase. Finan...
Why Bank Of France Is Calling For A Stringent Crypto Licensing?
Following the trend of global jurisdictions to amend crypto regulations, France’s central bank governor highlights the urgent need for stringent crypto regulations in the country. While expressing his...
Japan to Enforce Less Stringent Crypto Tax Rules
The Japanese government greenlighted a bill to exempt local cryptocurrency issuers from paying corporate tax on their holdings. The ruling body currently requires such firms to pay 30% on their owning...
Thai SEC Calls For Stringent Crypto Regulations
Following the recent collapse of once leading crypto exchange FTX, financial regulators and authorities across the world are sharpening scrutiny over the crypto market. Recently Thailand’s regulator r...
Stringent Crypto Regulation Incoming After FTX Collapse: Warns Thai SEC
The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar t...
Canada Issues New Stringent Guidelines For Crypto Exchanges
27 seconds ago | 2 mins read Exchange News The regulator requires firms to keep their customers’ assets separate from their own. Exchanges will have to comply with prohibition on margin and leverage t...
Brussels Proposes Stringent Tax Reforms For Crypto Sector
Blockchain News All crypto service providers will be subject to the reporting obligations. The proposal will be presented to the EU Council for review. Countries across the globe are stepping up regul...
Hong Kong Incorporates Stringent Legislations For Crypto Exchanges
37 seconds ago | 2 mins read Exchange News The country has jumped ahead of the pack in addressing the problem of investor protection. Global regulators have come under fire for failing to safeguard re...
Kazakhstan Passes Stringent Crypto And Mining Bills
Kazakhstan lawmakers have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other bills regulating crypto mining in Kazakhstan. The changes include regulations requir...
a digital dollar, stringent licensing, and Bitcoin ETFs
Join Our Telegram channel to stay up to date on breaking news coverage In October, the Investment Industry Regulatory Organization of Canada registered Toronto-based Coinsquare as the country’s first ...
U.S President Calls For Stringent Regulations Post FTX Crisis
11 seconds ago | 2 mins read Bitcoin News The FSB has previously advocated for the regulation of cryptocurrencies. Biden has spoken out on his thoughts on the cryptocurrency market in Bali. FTX, a cry...
Japan greenlights stringent AML rules for crypto. Will they help with the Lazarus Group?
Japan has a field day with the crypto space in the preceding twenty-four hours. Lazarus, a North Korean hacking group, has been identified by Japan’s national police as the group responsible for years...
BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, ...
China’s Economic Growth Sees Major Slump Following Months Of Stringent Covid Lockdowns
Topline China’s economy witnessed a major slowdown in growth in the second quarter of 2022, according to official data published on Friday, an outcome that is likely to raise fresh questions about the...
Iranian Power House Warns of Stringent Action on Illegal Crypto Mining
29 seconds ago | 2 mins read Bitcoin News Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy for three months. Iran’s Ta...
China Stocks And Shanghai Dwellers Enjoy Big Day As Stringent Lockdowns Ease
Residents gather to celebrate the lifting of a Covid-19 lockdown after midnight on June 1 in … [+] Shanghai. Shanghai authorities say they will take major steps Wednesday toward reopening China&...
South Korea to Bring More Stringent Reforms, Protecting Investors from LUNA Like Catastrophes
The South Korean government launches an extreme investigation on Terraform Labs. Proper and more constrained regulations to be announced soon. Refrains South Korean crypto exchanges from trading LUNA ...
The country’s crypto rules will involve a “stringent” licensing process: Managing Director of the central bank
Ravi Menon, the Managing Director of Singapore’s central bank, believes that crypto can be used for criminal purposes and that it should be carefully regulated as a result. The Monetary Authority of S...
Stringent Rules Could Turn Singapore Into a Global Crypto Hub, the MAS Says
Ravi Menon – the head of the Monetary Authority of Singapore (the country’s central bank) – said the nation’s crypto regulations will include a “stringent” licensing process. He believes strict rules ...
Despite Stringent Crypto Regulation, Crypto Investments In Singapore Jumped 13x In 2021
In 2021, investments in Singapore’s fintech sector increased by 47% year on year to $3.94 billion. Nearly half of the funds were raised through blockchain and cryptocurrency, with $1.48 billion raised...