Regulation Updates

US currency comptroller to up its game with new Office of Financial Technology in 2023

The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation. 312 Total views 6 Total shares The United States Office of the Comptroller of the Currency (OCC) announced Oct. 27 that it will create an Office of […]

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Regulation Updates

Crypto investment firm Q9 gets provisional approval to operate in Dubai

The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE. 396 Total views 8 Total shares A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE […]

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Regulation Updates

United Kingdom banks hate crypto, and that's bad news for everyone

In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses hoping to operate in the […]

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Regulation Updates

Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with

The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters. 548 Total views 15 Total shares A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact […]

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Regulation Updates

A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

IRS broadens the classification of crypto, Ripple gets another point in a case against SEC and Hong Kong considers its own regulatory framework in opposition to China. 624 Total views 6 Total shares No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto […]

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Regulation Updates

Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT

The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles. He is also a firm crypto supporter. 868 Total views 21 Total shares Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for […]

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Regulation Updates

Government crackdowns are coming unless crypto starts self-policing

Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.  Months after the collapse of the Terra ecosystem that propelled crypto’s market capitalization below $1 trillion, the industry is beginning the long process of rebuilding not only retail trust but also faith in […]

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Regulation Updates

US regulator touts ‘aggressively’ policing crypto in new report

The United States commodities regulator certainly doesn’t want to look like it’s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year.  In an Oct. 20 report from the Commodity Futures Trading Commission (CFTC), a total of 82 enforcement actions were filed in 2022’s fiscal […]

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Regulation Updates

Japan is losing its place as the world's gaming capital because of crypto hostility

A marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of costing Japan its place as the world’s gaming capital. We’re getting dangerously close to the point of no return, and here’s why.  Nobody can be sure where the country’s antagonism to crypto originated or why it still persists even after […]

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Regulation Updates

Not like China: Hong Kong reportedly wants to legalize crypto trading

Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements. 2621 Total views 68 Total shares Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and […]

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