The newly formed Virtual Assets Regulatory Authority will oversee the industry in all emirate’s special development and free zones, except the Dubai International Financial Centre.
According to sources from within the government, a licensing regime for VASPs will be ready by the end of the first quarter, with block reward miners also set to be issued with their own set of rules.
Ivan Assenov continues the observation of what is holding blockchain from its potential, this time looking at how governance and politics influences acceptance of blockchain.
The National Securities Market Commission, has issued warning notices against 12 digital currency firms after finding them to be operating without the required registration with local authorities.
Lawmakers in Uruguay and Colombia have brought forward bills to regulate the digital currency market in their respective countries.
The new licenses are required for businesses hoping to mine digital currency in the country, a legal requirement in Iran since laws were introduced in July 2019.
Digital currency businesses looking to operate in the United Kingdom are reportedly finding the licensing terms set out by the Financial Conduct Authority to be too challenging.
The Financial Services Agency said Bybit is allowing Japanese residents to register and leverage the exchange, despite not having the proper registration to offer such services in the country.
United Kingdom’s financial watchdog has issued a public warning against Dalsari, which it says is an unregistered firm offering trading services in digital currencies.
Kyrgyzstan wants to formally regulate its digital currency industry, starting off with a licensing regime for exchanges.
Hong Kong-based Huobi digital currency exchange has been granted a license to offer digital currency services in Nevada via a subsidiary.