Tag: Regulations
South Korea Enacts its Crypto Regulation
Reading time: < 1 minute South Korea has just implemented the Virtual Asset User Protection Act.
Taiwan Tightens its AML Regulations for Crypto Companies
Reading time: < 1 minute On July 16, Taiwan’s parliament revised its laws on anti-money laundering to require crypto providers to register for AML compliance.
Nigeria’s Crypto Industry Participants Urge SEC to Regulate Crypto as Commodities
Reading time: < 1 minute Members of the crypto industry in Nigeria are urging the country’s Securities and Exchange Commission (SEC) to follow suit and adopt a similar approach in its regulations.
Nigeria’s Regulator Orders Crypto Companies to Open a Local Office
Reading time: < 1 minute The Securities and Exchange Commission (SEC) of Nigeria has implemented a new condition that virtual asset service providers (VASPs) must meet before being eligible for the framework program.
IRS Unveils Final Regulations for Crypto Brokers
Reading time: < 1 minute On June 28, the United States’ Internal Revenue Service (IRS) announced its final version of the new reporting requirements for crypto brokers and clarified which industry participants will be affected by the changes.
Vanuatu to Implement a Digital Asset and Service Provider Bill
Reading time: < 1 minute Vanuatu, a Pacific Island nation, is expected to pass its long-awaited digital asset and service provider bill in September.
Italy Plans to Increase its Vigilance of the Crypto Market
Reading time: < 1 minute Italy is planning to implement measures to strengthen surveillance of risks associated with crypto assets, including imposing hefty fines for market manipulation and insider trading.
Taiwan One Step Closer to Crypto Industry Self-regulation
Reading time: < 1 minute Under the guidance of the government, Taiwan’s cryptocurrency sector has officially formed an industry association today, bringing the country closer to regulating the growing industry.
Zimbabwe Working on Legal Framework for Crypto Industry
Reading time: < 1 minute The country of Zimbabwe is currently seeking feedback from the public in order to establish policies for the crypto industry.
Dubai’s Regulator Updates its Cryptocurrency Token Regime
Reading time: < 1 minute In order to enhance and improve the regulatory framework for tokens within its special economic zone, the Dubai Financial Services Authority (DFSA) has announced amendments to its cryptocurrency token regime.