Hong Kong bans two crypto sites for misleading investors
Hong Kong’s Securities and Futures Commission (SFC) banned the two crypto websites for scamming users. HongKongDAO and BitCuped were blocked after a joint effort of...
Paxos receives two new in-principle approvals in Abu Dhabi
Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The company will issue USD-pegged stablecoins...
FSB calls for global regulation of multifunction crypto firms
The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models have vulnerabilities and risks that...
UK Finance Minister proposes a sandbox initiative for crypto regulations
UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially establish the Digital Securities Sandbox...
Germany’s Commerzbank granted crypto custody licence
Commerzbank has become the first full-service bank in Germany to receive regulatory approval for a crypto custody licence. Commerzbank, among the top four largest banks...
IMF MD asks for global preparation for central bank digital currencies (CBDCs)
IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and promoting financial inclusion. IMF introduces...
Dubai’s financial regulator approves XRP under its virtual assets regime
Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services. CEO Brad Garlinghouse notes that Dubai continues to grow as a...
Turkey eyes new law on crypto assets: report
Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and...
UK publishes proposals on stablecoin regulation, outlines FCA’s regime
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined the FCA’s regime in stablecoin...