Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

May 10, 2023 Bitcoin.com

bitcoin.com

Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong […]

CFTC commissioner urges US crypto policy reforms

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

January 23, 2023 Bitcoin.com

accounting

On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]

CFTC commissioner urges US crypto policy reforms

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

November 27, 2022 Bitcoin.com

Authority

Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies […]

CFTC commissioner urges US crypto policy reforms

Federal Reserve Finalizes Guidelines for Crypto Banks Applying for Master Accounts

August 17, 2022 The Daily Hodl

Crypto Banks

The Federal Reserve Bank is revealing the final rules that will guide how crypto banks can apply for and get master accounts. A master account is the record of the account holder’s financial rights and obligations with respect to the administering reserve bank. The Federal Reserve bank says that the level of scrutiny or due […]

The post Federal Reserve Finalizes Guidelines for Crypto Banks Applying for Master Accounts appeared first on The Daily Hodl.

CFTC commissioner urges US crypto policy reforms

Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country

July 8, 2022 Bitcoin.com

bitcoin.com

The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects should follow, depending on the needs of each project. Colombia Issues […]

CFTC commissioner urges US crypto policy reforms

Iran Will Not Allow Crypto Payments, Prepares to Pilot Digital Rial

April 11, 2022 Bitcoin.com

Authorities

Iran will not recognize cryptocurrencies as a means of payment, a high-ranking government official has indicated. His statement came as the Central Bank of Iran announced rules for the issuance of digital coins in the country. These are meant, however, for its own “crypto rial,” the pilot phase of which should start in the near […]

CFTC commissioner urges US crypto policy reforms

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

October 15, 2021 Bitcoin.com

bitcoin.com

Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]

CFTC commissioner urges US crypto policy reforms

Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

June 28, 2021 Bitcoin.com

accounts

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean […]

CFTC commissioner urges US crypto policy reforms

Central Bank of Brazil Issues Guidelines for Its CBDC

May 31, 2021 Bitcoin.com

bahamas

The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document recognizes there have been discussions about […]

CFTC commissioner urges US crypto policy reforms

Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies

May 18, 2021 Bitcoin.com

bitcoin.com

The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. The National Securities Market Commission (CNMV) unveiled guidelines that approve institutional crypto investment under certain conditions. Fund Managers Should Specify ‘High Risks’ of Cryptos in Marketing Resources […]

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