Iran’s new tough laws clamp down on digital currency exchanges
Iran has clamped down on the digital currency industry even further, with new laws requiring that all digital currency exchanges be licensed by the central bank.
The Latest Regulations News
Cayman Islands proposes legal framework for digital currencies
The Cayman Islands has proposed a legal framework for the digital currency industry, including a regulatory sandbox for companies to build their products.
China’s central bank expands fintech regulation to 6 more cities
The PBoC has expanded its fintech regulation, which was previously only in Beijing, to six more cities as China seeks to become the global fintech hub.
Dutch BTC platform Bittr shuts down, blames AMLD5 regulations
Bittr, a BTC savings service based in the Netherlands has announced that it’ll shut down on April 28, blaming the way AMLD5 has been implemented in the country.
South Africa’s proposed laws to allow domestic digital currency payments
South African financial regulators have recommended new and stricter regulations for digital currencies, but will allow them to be used for domestic payments.
European Parliament wants fast action on digital asset definitions
A report drafted by the European Parliament Research Service suggests that regulations for digital assets are needed as quickly as possible.
Russia delays digital currency law amid coronavirus pandemic
Russia has postponed its digital currency law yet again, this time blaming the coronavirus pandemic that has slowed down legislative processes in the country.
Zimbabwe to establish a digital currency sandbox as it shifts tough stance
Zimbabwe’s central bank is to introduce a regulatory sandbox for digital currency companies as the regulator changes its tough stance on digital currencies.
New regulations are coming for crypto industry in US
FinCEN has announced that it is preparing guidance on a new framework to oversee the cryptocurrency space.
KyberSwap flees Europe as AML regulations kick in
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
EXcoin’s Mru Patel wants to bring blockchain together for social good
Patel believes that one reason blockchain isn’t being applied is because some gov’t officials fear the increased transparency will thwart their corrupt ways.
FCA’s crypto oversight to include AML and KYC compliance
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.