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Regulatory News
The world’s biggest cryptocurrency exchange hired former Financial Conduct Authority official Steven McWhirter as a director of regulatory policy to better manage its compliance function. See related story: Binance wants to play ball with regulators Fast facts McWhirter will lead the global regulatory policy team for Binance and brings over 20 years of experience in […]
Pradipta Mukherjee
Regulatory News
The Economic Daily, a mouthpiece of the Chinese Communist Party, called for stricter regulation of “digital collectibles” as investors continue to speculate in non-fungible tokens (NFTs). See related article: Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’ Fast facts See related article: WeChat bans NFT accounts, citing ‘crypto speculation’
Ningwei Qin
Regulatory News
Singapore on Tuesday passed a law requiring virtual asset service providers to be licensed if they do business overseas, according to Bloomberg. See related article: How Singapore is reimagining its ‘Asian crypto hub’ image Fast facts The new legislation is an attempt by The Monetary Authority of Singapore (MAS) to ensure that it has adequate […]
Pradipta Mukherjee
Regulatory News
Binance is racing to anchor its sprawling global operations as regulators in China, where it was founded in 2017, go after firms for lax know-your-customer practices.
Timmy Shen
Regulatory News
Australian senator Andrew Bragg called for “urgent” regulation of decentralized autonomous organizations (DAOs) under the nation’s Corporations Act as part of his Digital Services Act proposal at Blockchain Week Australia on Monday. See related article: New crypto regulation — including tax reform — coming to Australia Fast facts DAOs can replace companies and are therefore […]
Monika Ghosh
Regulatory News
China Supreme People’s Procuratorate warned of “severe punishment” for financial crimes such as illegal fundraising and money laundering in a work report released on Tuesday. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts China’s highest procuratorate has taken note of rising financial crimes deemed illegal fundraising, disguised as metaverse, non-fungible […]
Ningwei Qin
Regulatory News
A South Korean financial watchdog announced it will strengthen monitoring of new trade assets, including non-fungible tokens (NFTs), in its annual work plan released on Monday. Fast facts The Financial Supervisory Service (FSS) said it will prepare countermeasures against factors that cause damage to consumers in the rapidly growing digital assets market. Earlier this month, […]
Danny Park
Regulatory News
The Monetary Authority of Singapore (MAS), the country’s central bank, issued guidelines to restrict cryptocurrency service providers from marketing or promoting their services to the general public on Monday. Fast facts MAS warned businesses to refrain from promoting cryptocurrencies and related services to Singaporeans in public areas, including websites and social media. However, firms are […]
Monika Ghosh
Regulatory News
The CFTC is asserting greater regulatory powers over the crypto industry than ever before. But does the agency have the statutory backing to do so?
Benjamin Sauter
Regulatory News
Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
Jocelyn Yang
