Uganda seeks to regulate digital assets in new bill
The bill wants to expand the jurisdiction of the capital markets regulator to include digital assets and tokens in the first major regulatory move for the sector.
The bill wants to expand the jurisdiction of the capital markets regulator to include digital assets and tokens in the first major regulatory move for the sector.
The bill forms a regulatory pathway for digital asset exchanges to register with the SEC and provides a separate path for digital commodity exchanges, brokers, and dealers to register with the CFTC.
The Financial Conduct Authority has received the nod from Parliament to regulate digital currency promotions following the approval of the Financial Services and Markets Act.
The Crypto-Asset National Security Enhancement and Enforcement Act of 2023 will require decentralized finance (DeFi) services to abide by the same compliance rules as financial firms.
Nine months after it imploded, ASIC revoked the FTX Australia license but will allow it to offer limited services for a year to wrap up customer claims.
Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current enforcement actions are still incomplete.
Once Indonesia's national exchange goes live, all digital currency transactions must be processed through the exchange, according to Bappebti Chief Didid Noordiatmoko.
The FCA disclosed that the incoming rules would focus on the social media promotion of digital and other financial assets, keeping an eye on using memes on social media platforms.
The CBDC bill, supporting the creation of a digital ruble pilot, amended certain parts of the Russian civil code and established the right of the central bank as the primary issuer of the CBDC.
A three-day meeting held in Gandhinagar, India, saw discussions on the protection of local investors and the financial integrity of national economies from digital currency risks.
The recommendations from the Financial Stability Board include fostering cross-border regulatory collaboration, improved disclosures of digital assets, and providing legal claims on stablecoins for prompt redemption.
Readers should let Temasek's $275M loss be a cautionary tale: nothing is as it seems in the 'crypto' industry, as those it paints as heroes are often wolves in sheep's clothing.