Dubai sets up watchdog as part of landmark digital assets law
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.
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UAE to license digital currency firms as local market skyrockets by 1,500%
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.
Why blockchain has not yet become widely used and what will it take to make it happen? – Part 2
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.
Huobi, Bybit among 12 unregistered digital currency firms in hot water with Spain regulators
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.
Uruguay and Colombia move forward with digital currency regulation plans
Lawmakers in Uruguay and Colombia have brought forward bills to regulate the digital currency market in their respective countries.
Iranian trade body issues 30 new block reward mining licenses
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.
UK licensing proves too strict as 13 more digital currency firms withdraw applications
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.
Japan warns derivatives platform Bybit over alleged illegal operations
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.
FCA exposes unregistered trading firm as 199 new firms receive licenses
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 to license digital currency exchanges to protect investors
Kyrgyzstan wants to formally regulate its digital currency industry, starting off with a licensing regime for exchanges.
Huobi making a return to US via new Nevada license
Hong Kong-based Huobi digital currency exchange has been granted a license to offer digital currency services in Nevada via a subsidiary.
Estonia: Over 1,000 digital currency startups lost license in 2020
Finance minister Veiko Tali was quoted saying the figures were evidence digital currency firms required “heightened attention” from regulators to ensure compliance.