The relationship between the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry has been turbulent. There is this atmosphere of hostility and uncertainty that continues to put the U.S. at odds with the global crypto market. The regulator has repeatedly taken action against crypto companies and issued warnings ...
On Tuesday, January 16, the European Banking Authority (EBA) released additional regulations for crypto companies to comply with in order to meet its anti-money laundering and terrorist-financing requirements. The agency noted in its press release that by extending the scope of its existing regulations to include digital assets, it "harmonizes ...
In another significant step marking its expansion into the financial services sector, X (formerly Twitter) has obtained a financial services license in another state in the U.S. According to public records, X, via its subsidiary Twitter Payments, secured a currency transmitter license from the government of Rhode Island on August ...
South Korea has been grappling with a rise in criminal activities involving digital assets, prompting the nation to expedite the implementation of a comprehensive Virtual Asset User Protection bill. This bill comprises 19 bills specifically targeting cryptocurrencies, reflecting the country's commitment to adopting blockchain technology and enacting relevant legislation. According ...
Hong Kong's Chief Executive Officer of the Monetary Authority, Eddie Yue, has announced that the city is open to cryptocurrency companies, but they will abide by its stringent regulations. Yue made these comments while speaking at Bloomberg Wealth Asia Summit on May 9, 2023. China and Hong Kong is known ...
