Japan isn’t banning P2P digital asset transfers, FSA clarifies
The Financial Services Agency recommended that banks prohibit transfers to VASPs if the sender’s name differs from the account name, sparking concern in Japan over P2P crackdown.
Latest regulation News
Japan VCs may be allowed to hold digital assets under new bill
The economic reform bill was approved by the Ministry of Industry, and it will enable venture capitals to invest in Web3 startups and receive digital assets in return.
South Korea’s ruling party to push digital asset taxes to 2027 in election pledge
The People Power Party is luring voters with promises to defer the upcoming taxes by another two years to 2027 and prefers implementing regulations first.
Honduras bans banks from dealing with digital assets
Despite regional adoption, banks in Honduras are now banned from investing in, intermediating, or maintaining accounts for entities involved in digital assets.
South Carolina, Ohio, Mississippi introduce Blockchain Basics Act to protect ‘crypto’ ownership, mining
Proponents say the Act allows Americans to own and self-custody digital assets and engage in mining without fear of anti-crypto legislators.
25% of public firms to increase digital asset investments in 2024, but regulation’s a major challenge: Deloitte
A study by accounting firm Deloitte found that an increasingly complex regulatory landscape for digital assets was the most cited challenge by executives at 45%.
Peru mulls comprehensive AI framework focused on consumer safety
Looking to replicate the EU's effort to curb AI misuse amid rapid adoption, Peru is drafting a framework geared toward stifling misinformation, safeguarding users' privacy, and promoting transparency.
EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC
EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it likely won't be until June 2024 before a full EU Parliament vote is heard.
EU AI Act paves the way for regulatory clarity—what does it mean?
While critics think that the European Union is over-regulating again with its AI Act, others see this as an advantage but admit that the rules may need to be updated in line with future AI developments.
South Korea to ban unfit exchanges as it ramps up digital asset scrutiny
A three-year license issued to virtual asset service providers (VASPs) in 2021 expires this year, and they have to renew it; South Korea’s FIU plans to use this opportunity to expel ‘unfit’ exchanges.
MiCA’s treatment of systemic stablecoins is counterproductive for EU: report
Under MiCA, a stablecoin is regarded as of systemic importance if it has over 10 million holders, has over €5 billion in reserves, or €500 million daily transactions.
Isle of Man weighs tougher digital asset regulations
The island is considering including ‘crypto’ under the definition of investment, which would subject virtual asset service providers (VASPs) to the same regulations that investment firms face.