[ad_2][ad_1] According to a November 3 announcement by the South Korean Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to manage digital assets that present a high risk of money laundering money. These updates were made as part of the guidelines …
Read More »The French competition watchdog mentions the rapid development of crypto assets
[ad_2][ad_1] The French competition authority, called the Autorité de la concurrence, is seeking feedback from the public and fintech executives on the evolution of the payments industry. The regulator wants to understand the latest developments in blockchain, cloud, cryptocurrency, digital wallets and their impact on payments. The competition watchdog observes …
Read More »The EU watchdog recommends regulation despite the "risk of legitimacy of crypto-activity"
[ad_2][ad_1] The European Securities and Markets Authority has published advice to the various institutions of the European Union (Commission, Council and Parliament) on initial coin offerings and cryptocurrency activities. While stating that the sector has remained modest and does not present any current risk in terms of financial stability, ESMA …
Read More »Texas Financial Watchdog can recognize Stablecoin as money for licensing purposes
[ad_1] The Texas Banking Department may consider the stablecoins as money, making them and exchanges that affect them based on a series of laws and licensing requirements of Texas, according to a Supervisory Memorandum published on January 2nd. Supervisory Memorandum – 1037, published by the financial control body which examines …
Read More »The Japanese financial watchdog could approve a Bitcoin ETF
[ad_2][ad_1] On January 7, an anonymous source said Bloomberg that the Financial Regulatory Agency of Japan, the Financial Services Agency (FSA), is evaluating the approval of a Bitcoin ETF (Exchange-traded fund). According to the important news publication, a person familiar with the Japanese financial watchdog and his position on cryptocurrencies …
Read More »Japan's financial watchdog seeks to regulate unregistered encryption companies
[ad_2][ad_1] The Japanese financial services agency (FSA) is considering the regulation of unregistered companies urging investments in cryptocurrencies, according to Cointelegraph Japan on January 8th. Development is referred to as an attempt to close a loophole in the country's existing regulatory framework, where unregistered companies that raise funds in cryptocurrencies …
Read More »Meet the watchdog called CryptoMom
[ad_1] Startups and cryptocurrency workers who fight tighter regulation think they have their sample. They call it CryptoMom. Hester Peirce, a Republican member of the Securities and Exchange Commission with libertarian propensities, has made waves with a number of opposing positions since joining the agency last January. He drew attention …
Read More »Cryptographic exchanges in the United Kingdom pose a low risk of money laundering, says the global watchdog
[ad_2][ad_1] The cryptocurrency trade in the United Kingdom presents a "low risk" for money laundering and terrorist financing activities, according to a report released last week by the Financial Action Task Force (FATF), a global policymaker against money laundering . The relationship states that while such activities are an 'emerging …
Read More »The Internet watchdog issues the first measures to regulate blockchain services – Newsletter
[ad_2][ad_1] introduction Who will be regulated by the proposed regulation? Special compliance requirements Proposal for administrative sanctions introduction Blockchain technology is becoming increasingly important in Chinese judicial proceedings and legislative developments are starting to reflect this trend. However, the growing concerns of the government on some aspects of the blockchain …
Read More »Russian watchdog to oversee the cryptocurrency sector
[ad_1] Economics and regulation The Federal Financial Monitoring Service of Russia has revealed that it will regulate cryptocurrency transactions in the country, with a senior official saying that the agency will also oversee the broadest cryptocurrency industry, in accordance with the recommendations issued from the Financial Action Task Force (FATF). …
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