Canada proposes national strategy to foster blockchain, digital assets adoption
Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital assets.
Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital assets.
A bill that sailed through the House wants North Carolina to experiment with gold and digital assets to hedge against inflation and systemic credit risks.
The Financial Conduct Authority wrote to unregistered firms marketing digital assets to U.K. customers, warning them to comply with the incoming financial promotions regime.
Under the new measures, digital currency firms in Singapore are expected to "segregate customers' assets from its own assets and held in trust" and provide information to clients on any risks.
The coalition argues that the proposed rules could force leading AI researchers out of the region, while the European Union remains firm that the legislation would help the AI sector thrive.
The European Commission’s bill underpins the right of every resident in the eurozone to pay for free with the digital euro while protecting user privacy and security.
The National Council of Slovakia voted 112-2 in favor of the amendment, which will lower the taxes from a maximum of 25% to “simplify their use in everyday life.”
Proprietary traders of digital currencies looking to operate in Dubai will be required to possess a no-objection certificate (NOC), according to the Dubai VARA’s official report.
The Reserve Bank of New Zealand also stated that a slow-and-steady approach is required for stablecoins and digital currencies due to the plethora of issues raised by their operations.
KuCoin disclosed that the new Know Your Customer policy would begin on July 15 for new and existing customers, stating that new customers must complete all the steps in the KYC before accessing any of its services.
The FSMB bill passing extends the banking rules of the FSMA 2000 to stablecoins and digital assets, meaning digital assets will be officially recognized in the U.K. as regulated financial activity.
The amendments to the CRR and CRD centered on regulating digital assets in the European Union include a transitional prudential regime for the sector and enhanced risk management of banks.