Regulation

Australian regulators are gearing up to implement new legislation mandating that cryptocurrency exchanges obtain financial services licenses. This development marks a significant shift in how digital currency exchanges will be governed in Australia, expanding beyond existing regulations specific to digital currencies. Need for Clarity and Regulation According to Alan Kirkland, commissioner of the Australian Securities … Read more

In a significant move to enhance consumer protection and regulate the cryptocurrency market, the recent regulations align with Temporary Article 11 of Capital Markets Law No. 6362. These rules introduce a comprehensive framework aimed at ensuring the integrity of platform operations and safeguarding customer rights. Key Provisions of the Regulations 1. Segregation of Customer Funds … Read more

The US federal government is ramping up regulatory measures in the cryptocurrency sector, imposing stricter Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. While these measures aim to curb illicit activities, they have inadvertently spurred increased market liquidity and innovation, prompting businesses to explore more crypto-friendly jurisdictions. Crypto Hubs in the US Cities like California, San … Read more

On September 20, South Korea’s Financial Services Commission (FSC) announced its commitment to actively support the second phase of cryptocurrency legislation, recognizing the growing convergence of the virtual asset industry with traditional finance. This initiative aims to create a level playing field for all market participants, particularly emphasizing regulations surrounding business activities and the establishment … Read more

Crypto.com, a prominent global cryptocurrency exchange, has officially secured a crypto payment service provider license from the Central Bank of Bahrain. This new development aligns with the company’s strategic expansion efforts within the Gulf Cooperation Council (GCC) region. The exchange had previously obtained a similar license from Dubai’s Virtual Assets Regulatory Authority (VARA), highlighting its … Read more