カテゴリー: regulatory framework

5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

Five Crypto Exchanges Licensed in Gibraltar Since RegulationSeveral known crypto companies have been granted licenses to operate from Gibraltar since the British overseas territory adopted business-friendly regulations for the nascent industry. According to Gibraltar’s trade minister, Albert Isola, the government is now focused on creating a “supportive environment” for the sector.   Also read: Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions […]

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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Lawyers to Help the Russian Crypto Industry Deal With Inadequate LawsIn the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions. Also read: CEO of Romanian Exchange Coinflux […]

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Mauritius Regulator to Provide Licenses to Digital Asset Custodians

Mauritius Regulator to Provide Licenses to Digital Asset CustodiansThe authorities in the island nation of Mauritius plan to start issuing custodian licenses to companies holding digital assets on behalf of clients. The financial regulator said the existing licensing regime is not suited for that purpose, although licensees under the new rules will have to comply with similar requirements.        Also read: Abu Dhabi […]

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Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Financial Watchdog to Oversee the Cryptocurrency IndustryRussia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring […]

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Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam's Central Bank Thinks Cryptocurrency Miners Should be BannedAccording to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency […]

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Indian Crypto Regulations Ready in July, Official Reveals

Indian Crypto Regulations Ready in July, Official RevealsIf you thought crypto in India was over, you were probably wrong. According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hope to “wrap this up” as early as the first half of next month. Meanwhile, the Supreme […]

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Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million Rubles

Russian Government Seeks Cryptocurrency Researchers, Will Pay 2.5 Million RublesThe Russian State Duma is holding a tender for a detailed study on the subject of cryptocurrency, blockchain technology, and initial coin offerings (ICOs). The government will pay the winner 2.5 million rubles out of the federal budget. The deadline for submissions is October 10. Also read: Bank of Russia Opposes Cryptocurrency Legalization, Worried About ‘Loss […]

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Moscow Exchange Clarifies Bitcoin Trading Plans After Conflicting Reports

Moscow Exchange Clarifies Bitcoin Trading Plans After Conflicting ReportsMoscow Exchange has clarified its cryptocurrency trading plans. This follows “some incorrect reporting that said that Moscow Exchange does not plan to launch bitcoin trading,” according to a representative of the exchange. Also read: Moscow Stock Exchange Prepares to Trade Cryptocurrency Moscow Exchange’s Clarification Moscow Exchange, the largest exchange group in Russia, has clarified its plans to […]

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Gibraltar Gets First Bitcoin ATM While Working on Cryptocurrency Regulation

Gibraltar Gets First Bitcoin ATM While Working on Cryptocurrency RegulationThe first Bitcoin ATM in the British territory of Gibraltar has been installed. The European tax haven on the southern coast of Spain already has a few Bitcoin businesses and the government is currently working on a regulatory framework for digital currencies. Also read: 3000 Bitcoin Mansion for Sale in Russia Hindered by Lack of Regulation […]

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‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs

'Bitcoin Regulation Act' Introduced in South KoreaLegislation outlining the regulatory framework for digital currencies including bitcoin in South Korea has been introduced by lawmaker Park Yong-jin. It defines digital currency, introduces five classifications of digital currency handlers, as well as specifies requirements and prohibited activities. Also read: Korean Digital Currency Bill to Launch Shortly but Government Has Concerns ‘Bitcoin Regulation Act’ […]

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