Government policy, laws and regulation shaping digital assets and the future of money.
Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has announced plans to supervise fiat-referenced tokens (FRTs), a category of stablecoins, in response to growing interest from stakeholders. This move reflects the FSRA’s commitment to developing a comprehensive regulatory framework to govern the issuance and management of these digital assets. The regulator has opened a public consultation … Read more
Nigeria’s cryptocurrency market, one of the fastest-growing in recent years, may be on the brink of regulatory transformation. A recent Bloomberg report indicates that Nigeria’s Securities and Exchange Commission (SEC) is poised to introduce new regulations for the digital currency market, aiming to formalize and oversee the burgeoning sector. Regulatory Changes on the Horizon According … Read more
China has introduced one of its most stringent measures yet against digital assets, aiming to combat money laundering involving cryptocurrencies. The Supreme People’s Court and the Supreme People’s Procuratorate have released new guidelines that impose severe legal consequences for using digital currencies to obscure illicit funds. New Legal Framework for Crypto Money Laundering The updated … Read more
Hong Kong lawmaker Johnny Ng has proposed the creation of a legal framework to regulate decentralized autonomous organizations (DAOs), aiming to stabilize and attract investment to the web3 industry in Hong Kong. This proposal follows a landmark ruling by the Hong Kong High Court concerning the Mantra DAO, marking a significant development in the legal … Read more
In a surprising turn of events, XRP, the cryptocurrency associated with Ripple Labs, is facing difficulties in gaining traction even after reaching a significant settlement with the U.S. Securities and Exchange Commission (SEC). Despite the resolution of a major legal battle, XRP’s price performance has been lackluster, prompting questions about the future of the cryptocurrency … Read more
A recent tweet by Justin Sun, the founder of Tron (TRX), has set the cryptocurrency world abuzz with speculation about a potential shift in China’s stance on digital currencies. Sun’s tweet has fueled rumors that the Chinese government might be on the verge of lifting its stringent ban on cryptocurrencies, a development that could significantly … Read more
The Bank of Ghana (BoG) has introduced a set of draft regulations aimed at governing the use of cryptocurrencies in the country. This move reflects the central bank’s response to the growing popularity and usage of digital assets in Ghana, signaling its commitment to fostering a regulatory environment that supports financial inclusion and stability. Context … Read more
Bybit has been granted a license by Argentina’s Financial Intelligence Unit (FIU), allowing the cryptocurrency exchange to offer its complete range of products in the country. This includes access to both spot and derivatives markets for major cryptocurrencies like Bitcoin and Ethereum (ETH). Additionally, Argentine users can now utilize Bybit’s crypto-backed payment cards for digital … Read more
Leading digital currency trading platforms, including Coinbase Global Inc., KuCoin, and Gate IO, are pursuing licensing in Turkey as they face regulatory hurdles in the United States. This move reflects a broader trend of crypto exchanges seeking more favorable regulatory environments to support their operations and growth. Turkey has emerged as an attractive option due … Read more
In the global push to regulate cryptocurrencies, Ghana has emerged as a proactive player by drafting new guidelines for digital assets. The Bank of Ghana (BoG) has unveiled a set of draft regulations aimed at creating a robust framework for cryptocurrencies such as Bitcoin and Tether. The proposed regulations represent a significant milestone in Ghana’s … Read more