Gatekeepers be gone: Digital Markets Act comes into effect in the EU
The Digital Markets Act went into effect on November 1, but the European Union will give platform holders until the beginning of May 4, 2023, to comply.
Latest regulation News
No self-regulation for metaverses in UK
If passed, the proposed Online Safety Bill will cover all social media platforms, search engines, forums, online games, messaging apps, and even metaverses where users are mostly young.
Hong Kong seeks legal backing for retail asset investors to attract leading Web3 firms
In an effort to regain retail traders' trust, Hong Kong has imposed a mandatory licensing program for digital asset service providers and a planned listing of large-cap assets.
Costa Rica wants ‘crypto’ taxes removed as it eyes transformation into digital asset hub
Costa Rican lawmakers said the proposed bill, which seeks to eradicate taxes in the asset class, will allow digital asset firms to exist in "perfect harmony" without major distortions by the central bank.
BNY Mellon gives institutional investors ‘crypto’ survey
BNY Mellon surveyed over 270 institutional investors to find out their appetite for digital currency, what approaches they are currently taking in the market, and more.
‘Crypto’ law enforcement: A crossroads for digital asset enforcement and US regulators
Two U.S. regulators have staked a claim over digital asset regulation: the Securities and Exchange Commission, and the Commodity Futures Trading Commission.
IRS expands digital assets tax category to include NFTs
The IRS has amended “virtual currency” to “digital assets” in the 2022 tax year draft instructions, expanding the category to include NFTs and stablecoins.
Vietnam PM calls for more detailed digital currency regulation
Prime Minister Pham Minh Chinh is calling for action as he believes “it is necessary to study appropriate sanctions, and assign the government to make detailed regulations" targeting the industry.
Singapore mulls ban on virtual asset trading amid sweeping changes
Digital asset firms decry Singapore's proposal to introduce new regulations and ban credit for retail investors, saying that the move may make the city-state unattractive to global companies.
Apple wants a piece of the NFT pie
Apple laid out good use cases for NFTs and confirmed that its 30% "Apple Tax" will apply to in-app purchases, while the NFTs purchased elsewhere will be available for viewing only.
Philippine FinTech Festival: Southeast Asia paving the path toward innovation
Delegates from the ASEAN and other regions convene to discuss the current condition of the fintech industry, the underlying problems, and the importance of building ties in fostering innovation.
Lack of regulatory clarity forces India’s Web3 talents out in search of new homes
India should engage with policymakers and offer certification programs to deepen its Web3 talent pool and avoid the exodus of developers due to stringent regulations, according to NASSCOM.