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Regulation
Binance has obtained a license from the Central Bank of Bahrain to operate as a crypto service provider, marking a significant step for the crypto exchange to expand in the Middle East. See related article: Binance eyes gaming, e-commerce in upcoming acquisition spree Fast facts Binance will be allowed to offer crypto trading, custodial and […]
Timmy Shen
Regulation
The European Parliament voted on Monday against a de facto ban on cryptocurrencies that rely on energy-intensive proof-of-work (PoW) consensus mechanisms, such as Bitcoin, from its proposed Markets in Crypto Assets (MiCA) framework. See related article: How serious is the threat of Bitcoin mining to the environment? Fast facts The Parliament’s Economic and Monetary Affairs […]
Lachlan Keller
Regulation
Ripple, a blockchain-based digital payment network, has made a proposal for South Korea to make clear distinctions in cryptocurrencies between payment tokens, utility tokens, and security tokens, in a policy paper released on Tuesday. Read related article: Amid SEC lawsuit, Ripple buys back stock and raises value to US$15B Fast facts Ripple’s policy paper says […]
Danny Park
Regulation
Japan’s Financial Services Agency and Ministry of Finance jointly announced penalties on crypto exchanges that do not comply with sanctions on Russia following its invasion of Ukraine, following G7 vows to tighten crypto sanctions. See related article: Russians turn to crypto as Western sanctions hit the ruble Fast facts See related article: Russia faces crypto […]
Ningwei Qin
Regulation
The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.
Pradipta Mukherjee
Regulation
Income from non-fungible tokens (NFTs) in Singapore will be subject to existing income tax rules, the Business Times reported, citing Singapore Finance Minister Lawrence Wong’s Friday speech in parliament. See related article: Singapore prohibits crypto, NFT transactions in sanctions against Russia Fast facts However, individuals who receive capital gains from NFT transactions will not be […]
Pradipta Mukherjee
Regulation
ICOs, revamped taxation, and investor protection reverse a past crypto reluctance under the incoming administration.
Danny Park
Regulation
War-mongering Russia is finding itself increasingly isolated. Can cryptocurrency help the rogue state soften the blow of sanctions?
Gavin Berry
Regulation
Nine U.S. senators are backing a bill that aims to crack down on China’s central bank digital currency (CBDC), the e-CNY or digital yuan, which they claim could allow Russia to bypass financial sanctions imposed on its banks and entities. See related article: Digital yuan pilot attracts Chinese province bordering Russia Fast facts “If left […]
Timmy Shen
Regulation
Blockchain analytics firm Chainalysis announced the launch of two screening tools on Friday that will allow cryptocurrency wallet owners to determine if wallets are compliant with global sanctions efforts and will be provided free of charge to the crypto industry. See related article: Coinbase blocks 25,000 Russian crypto wallet addresses Fast facts Centralized exchanges widely […]
Lachlan Keller
