Tag: Regulations
Crypto Startup Founded by Former Andreessen Horowitz Executives Receives Money Transmitter Licenses in US
Reading time: < 1 minuteBastion, a new company in the cryptocurrency industry founded by former executives of Andreessen Horowitz (a16z), has recently been granted two money transmitter licenses (MTL) in the United States.
UK Publishes Final Proposals for Crypto Regulation
Reading time: < 1 minuteThe UK government has responded to its consultation on the regulation of crypto assets by releasing final proposals on Monday.
Europe’s Crypto Regulation Bill MiCA Receives Support from Portugal
Reading time: < 1 minutePortugal is in support of this European regulatory framework, but also believes that cryptocurrency transactions must be monitored on a global scale.
Brian Armstrong Says CFTC Should Not Be Given Regulatory Responsibilities
Reading time: < 1 minuteBrian Armstrong has declared that the Commodity Futures Trading Commission (CFTC) should not manage the decentralized finance (DeFi) marketplace.
US Senator: The Cryptocurrency Market Needs More Transparency
Reading time: < 1 minuteUS Senate Banking Committee Chairman Sherrod Brown has sent letters to US Treasury Secretary Janet Yellen, SEC head Gary Gensler and CFTC head Rostin Behnam calling for stricter disclosure requirements for companies in the digital asset industry.
Ark Invest Says US Should Foster Crypto Market Development
Reading time: < 1 minuteBrett Winton, strategist of asset management company Ark Invest, recently released a report in which he pleads for the US government to actively promote its growth in order to help drive the US economy.
Australia Rejects Bill on Cryptos from Opposition Senator
Reading time: < 1 minuteThe Australian Senate Economic Legislation Committee has rejected a bill put forward by the opposition senator from New South Wales Andrew Bragg, which was aiming to regulate the cryptocurrency market.
Travel Rule Enters into Force in UK
Reading time: < 1 minuteStarting on September 1, all UK-registered virtual asset service providers (VASPs) are mandated to follow the FATF’s Travel Rule to monitor crypto transactions for anti-money laundering (AML) protocol.
Indian Supreme Court Criticizes Lack of Crypto Regulation
Reading time: < 1 minuteThe Indian Supreme Court has expressed its disappointment over the lack of a law or regulatory agency from the Centre when it comes to crypto.
Japan’s Blockchain Association Asks for Crypto Tax Revision
Reading time: < 1 minuteThe Japan Blockchain Association (JBA) has reportedly submitted a request to the Japanese government for revisions to the current tax system, which they feel hinder the growth of web3 businesses in the country.
