South Korea is reportedly considering implementing foreign exchange controls on stablecoins amid rising concerns about their increasing use in cross-border transactions. According to The Korea Economic Daily, the country’s Ministry of Economy and Finance is evaluating strategies to strengthen...
21Shares, a Zurich-based asset management and investment firm, is urging the European Securities and Markets Authority (ESMA) to introduce clearer guidelines regarding the inclusion of crypto assets in the UCITS (Undertakings for Collective Investment in Transferable Securities) framework. In...
Ripple Labs is gearing up to challenge the U.S. Securities and Exchange Commission's (SEC) appeal of a recent court ruling that declared its retail sales of XRP did not violate securities laws. Ripple's CEO, Brad Garlinghouse, voiced his frustration...
Ripple has received in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services within the Dubai International Financial Centre (DIFC). According its press release, Ripple plans to build on the approval by extending its enterprise-grade digital...
Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services...
Taiwan's Financial Supervisory Commission (FSC) has approved professional investors to utilize local brokers to access foreign crypto exchange-traded funds, according to a press release on September 30, 2024. The latest policy revision allows professional investors to invest in foreign...
Two major financial regulators in Hong Kong have jointly announced their intention to implement reporting requirements established by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On September 26, the Hong Kong Monetary Authority (HKMA)...
Dubai's Virtual Asset Regulatory Authority (VARA) is tightening regulations for companies marketing cryptocurrency investments. According to a recent Bloomberg report, VARA outlined new rules requiring firms to include a disclaimer in their promotional materials. The crypto regulator emphasized that...
The Financial Services Commission (FSC) of South Korea has announced the establishment of a new nonprofit organization designed to safeguard virtual assets in case a cryptocurrency exchange goes out of business. The organization, tentatively called the Digital Asset Protection...
Kosovo, a Southeastern European country, is advancing its efforts to enhance financial literacy in cryptocurrency through a multi-day workshop involving the region's finance leaders. From September 24 to September 26, the leaders from Kosovo's Financial Intelligence Unit (FIU) will...
