Regulation

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...

IMF Managing Director Meets with Indian Finance Minister

Nirmala Sitharaman, India's Minister of Finance, held a virtual conversation with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss the upcoming G20...

Federal Reserve Bars Member Banks from Cryptocurrency Banking

The Federal Reserve Board has warned member banks about a ban on cryptocurrency banking activity. In a recent final rule, the Federal Reserve System...

South Korea Regulates Digital Assets as Securities under Capital Markets Act

South Korea has made rules about which kinds of digital assets will be considered securities and must follow the laws that apply to them....

India Set to Introduce Crypto Measures This Year: Ajay Seth

India's Economic Affairs Secretary Ajay Seth announced plans to introduce "measures around crypto" this year during a post-budget press conference in Mumbai. Meanwhile, India's...

Australia Releases Crypto Taxonomy Consultation Paper

The Australian Treasury has taken a step forward in regulating the cryptocurrency market by releasing a consultation paper on "Token Mapping." The paper outlines...

UK to Implement New Regulations for Crypto Assets After FTX Bankruptcy

After the cryptocurrency exchange FTX went bankrupt and caused billions of dollars in losses for millions of users, the United Kingdom's Ministry of Finance...