Abu Dhabi issues new regulatory framework for crypto activities
The Abu Dhabi Global Market announced the finalization of its crypto assets framework, which will "regulate spot crypto asset activities" in the region.
The Abu Dhabi Global Market announced the finalization of its crypto assets framework, which will "regulate spot crypto asset activities" in the region.
The new position will administer the application of existing securities and insurance laws as they pertain to crypto and ICOs, and will also be responsible for the creation of the cryptocurrency regulatory framework in Florida.
The State Service of Special Communication and Information Protection said cryptocurrency mining companies will not need to obtain a license in order to conduct their activities.
As the new age of exit scams or “exit hacks” remains unruly, both regulators and crypto experts are expressing concern over the lack of accountability in the space—making it a breeding ground for opportunistic actors.
The Netherlands Authority for Financial Markets (AFM) expressed “serious doubts” over whether entities that are dealing in cryptocurrencies actually conform to licensing laws.
The SEC is poised to approve five ICO projects to register for fundraising procedures as soon as the organic law of Thailand's digital asset decree takes effect in late June.
The legal challenge concerns a relatively unknown cryptocurrency, My Big Coin, which the CFTC alleges has been involved in a fraud estimated at $6 million.
Intergovernmental organization Financial Action Task Force (FATF) is reportedly preparing to tighten up the rules for cryptocurrency exchanges.
South Korea is planning to launch regulations for the cryptocurrency industry similar to those recently implemented by Japan.
Lithuania has rolled out new guidelines for initial coin offerings (ICO) and digital tokens as they relate to securities.
The IMF message is clear: Fiat banks and financial institutions need to open their eyes and deal with cryptocurrency.
Canadian companies in the cryptocurrency sector are begging for the government to take a stand and bring the industry to heel.