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The World Economic Forum has released a white paper on crypto asset regulation, assisted by its Digital Currency Governance Consortium. The need for regulation is urgent and cooperation is key, the paper found.Global coordination is necessary for crypto asset regulation to prevent ambiguity, regulatory arbitration and inconsistent enforcement, the paper
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Countries around the world have been looking at the European Union's Markets in Crypto Assets (MiCA) regulation, which is close to taking effect. MiCA may apply within the broader European Economic Area, but the central bank does not want to stop there: it believes there is a need to further
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The European Union (EU) has recently approved a comprehensive regulatory framework for crypto assets, making waves in digital finance. Known as the Markets in Crypto-Assets (MiCA), this directive establishes clear rules for handling cryptocurrency within the European Union and could set a standard for other countries. What changes can crypto
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bob Ras, the co-founder of Sologenic, expressed his worries about the SEC’s approach to cryptocurrency regulation in a Twitter thread, noting he thinks the agency’s has a lack of knowledge and an inconsistency in its attitude. The
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“As the G-7 Finance Ministers and Central Bank communiqué of 13 May has once again reminded us, the time has come to put an end to the regulatory uncertainty that characterizes crypto activities. Today’s consultation paper received unanimous support from the IOSCO Board and is the outcome of an intense
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State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to
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According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto
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European Union Council members have given the final green light on the highly-anticipated Markets in Crypto-Assets (MiCA) legislation following a voting process on May 16.27 Finance ministers representing the EU's member states voted in favor of passing the MiCA bill as well as amendments to a number of regulations and directives
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Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies. Source
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A growing number of US-based crypto companies are considering leaving the country due to increasingly harsh SEC crackdowns. Following a harsh crackdown by the Securities and Exchange Commission (SEC) in the US, several crypto companies threatened to leave the country. On Sunday, reports stated that these US-based crypto players are testing their lobbying
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