MiCA will enter into force in a few weeks after being published in the EU’s official journal, which is likely in June. Its provisions – offering crypto exchanges and wallet providers a license to operate across the 27-nation bloc, and requiring stablecoin issuers to hold appropriate reserves – will take BitcoinCryptocryptoexchangeEuropeanExchangesFundsLaunderingLawLicensingMiCAMoneyRulessignsTransferUnion Read More
“As we've seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius, Voyager, and the stablecoin terraUSD, and referring to provisions intended to protect consumers, avoid market abuse, and curb money laundering.
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Rollbit says Curaçao authorities are currently engaged in an annual license review, which is why its logo is removed from the site.
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“It's not something that's prescriptive, because you do need, in this industry, to be slightly flexible, insofar as it’s a fast-paced, fast-moving industry. So if you're very prescriptive in nature, you could probably expect it to be something that was out of date as soon as you wrote it,” Swartz CryptoDubaisGlobalindustryLicensingRegimeRegulatoryUncertaintyWelcomes Read More
Amid various reports about Binance trying to revive its crypto licensing plans in Singapore, the crypto exchange has come out to set the record straight. Binance told Cointelegraph that Ceffu, its "independent institutional custody partner," is the one looking to apply for an institutional crypto custody license when Singapore’s central BinanceBitcoinClarifiescryptoexchangeCustodyExchangesLicensingPartnerPlansSingapore Read More
Sun thinks China is looking at Hong Kong as a kind of experiment, to see if crypto can be regulated on the mainland. If Hong Kong suceeds it could create a change of attitude in Beijing. "So that's why they want to see Hong Kong do it first," he said. ChinaEventuallyHongJustinKongsLicensingMainlandPolicyRegimeShiftSun Read More
The French National Assembly has voted in favor of legislating stricter licensing rules for new cryptocurrency firms in order to harmonize local laws with proposed European Union (EU) standards. The vote was passed with 109 votes (60.5%) in favor to 71 (39.5%) against. With the French Senate having already passed CryptoFirmFrancelawsLicensingPassingStringentVerge Read More
“It's happening too often where there's some scam or collapse that's hurting consumers directly in their pocketbooks,” DeCarlo said in a CryptoX interview. The state needs "safeguards in place soon so we can get in front of those," he said, plus a way to give the latest financial innovations some BitLicenseCryptoEmulateIllinoisLicensingOfficialsPushingStateYorks Read More
Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.A key consideration of the public consultation window is whether to allow licensed exchanges to serve retail investors in the country and what measures BitcoinCryptocryptoexchangeExchangesHongKongLicensingOutlinesRegimeUpcoming Read More
A set of rulebooks published by the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising.
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