Hong Kong Welcomes Crypto Trading With New Policies
Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry
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Crypto Outflows Surge Amid SEC Crackdown
Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services
The Bank of Zambia Works on Crypto Regulation
The Bank of Zambia along with the national Security Exchange Commission is testing technology to enable the regulation of cryptocurrency in the country
SEC Proposes Tougher Rules for Crypto Custodians
US Securities and Exchange Commission proposed amendments to the “2009 Custody Rule” that will apply to custodians of “all assets” including cryptocurrencies
New York Regulators Crackdown on Binance
The company’s complaints to the New York regulator were followed by Paxos being ordered to cease minting Binance BUSD stablecoin.
DBS Bank to Offer Crypto Trading in Hong Kong
One of the largest financial institutions in Southeast Asia, DBS Bank is planning to expand its crypto trading services to Hong Kong as soon as it gets the necessary license
KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.
Australia Introduces Classification for Crypto Assets
Australia’s national regulators have identified four major products in the crypto sector.
Indonesia Delays Launch of National “Crypto Stock” Exchange
Indonesian government delays launch of the controversial “crypto stock” exchange until risks are properly mitigated.
Montenegro to Create CBDC with Ripple
The southeastern European country has partnered with Ripple to develop its own CBDC.
RegTech Konsentus Launches in Saudi Arabia
Open Ecosystem RegTech provider, Konsentus, launches in its first MENA regional market – Saudi Arabia – to offer open data infrastructure and technology services to regulators and FS providers
ISDA Addresses Crypto Risks
The International Swaps and Derivatives Association (ISDA) is working on two papers to inform crypto market participants of legal risks pertinent to the cryptocurrency market and offer guidance
EU Lawmakers Pass More Requirements for Banks Holding Cryptocurrency
EU lawmakers vote to impose limitations and strict capital requirements on banks holding cryptocurrency.
EU Tightens Rules for Banks Holding Cryptocurrency
European lawmakers voted on Tuesday that banks must fully cover crypto holdings with capital.
Swiss Bank Cité Gestion Becomes First Private Bank to Tokenize Its Own Shares
The private bank has partnered with digital assets platform Taurus to issue and manage its tokenized shares.
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