Regulation

SEC Campaign to Regulate Cryptocurrencies

The Securities and Exchange Commission (SEC) has been pushing to regulate cryptocurrencies since 2017, claiming it has the authority to oversee many digital coins...

Hong Kong Set to Launch Crypto Exchange Licensing Guidelines in May 2023

Hong Kong's ambition to become a crypto hub is on the verge of being realized as the Securities Futures Commission (SFC) of the region...

US Draft Bill Proposes Federal Reserve as Stablecoin Regulator

A recent draft bill outlining a regulatory framework for stablecoins in the United States has been published on the House of Representatives' document repository,...

UK Taxpayers Required to Report Crypto Holdings Separately on Tax Forms

The UK government has announced that taxpayers will need to separately report their cryptocurrency holdings on their tax returns, a move that is expected...

India Tightens Crypto Regulations to Curb Money Laundering

The Indian government has notified crypto companies to comply with the Prevention of Money Laundering Act (PMLA) of 2002. The Gazette of India published...

G20: IMF, FSB, and BIS to Establish Global Crypto Regulatory Framework

The G20, consisting of the 20 largest economies in the world, has announced that it will establish a global crypto regulatory framework. The Financial...

IMF and US endorse India’s call for strong cryptocurrency regulations

Finance chiefs from the Group of 20 (G20) wrapped up two days of talks in Bengaluru, where India's proposal to regulate cryptocurrencies gained support...

IMF Crypto Action Plan Urges Countries Against Granting Legal Tender Status

The International Monetary Fund (IMF) has released an action plan containing nine recommendations for how countries should regulate cryptocurrencies. The IMF's top recommendation is...

Circle CEO Argues Stablecoins Should be Regulated by Banking Authorities

Circle CEO Jeremy Allaire argues that stablecoins should be regulated by banking authorities rather than the United States Securities and Exchange Commission (SEC). In...

Hong Kong Proposes Rules for Crypto Trading, Allows Retail Investors

Hong Kong's Securities and Futures Commission (SFC) has released a consultation paper on proposed rules for virtual asset trading platforms, seeking public comment. The...

SEC Votes to Expand Custody Rules for Cryptocurrencies

The US Securities and Exchange Commission (SEC) has voted in favor of proposed rules that would require financial institutions overseeing cryptocurrency assets to obtain...

Binance Executives Expect to Pay Fines to Settle US Probes on Compliance

Binance, the world's largest cryptocurrency exchange, is expecting to pay monetary penalties to settle investigations into its business in the US, according to the...