G-7 Will Push for Tighter Global Crypto Regulations: Kyodo
Discussions on a global framework will speed up ahead of a May meeting of finance ministers and central bankers. Source
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Regulations
EU Smart Contract Regulations Included in Council’s Data Act Draft
Erik Slottner, the Swedish minister who chaired the council talks, said in a Friday statement the law will “allow data to flow freely within the EU and across sectors for the benefit of businesses, researchers, public administrations, and society.” Source
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Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025 – Africa Bitcoin News
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology.
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CryptoWallet renews Estonian license amid tightened regulations
CryptoWallet becomes one of the few companies that managed to renew an Estonian virtual asset provider license amid tighter regulatory measures toward crypto companies in the EU. According to a press release shared with crypto.news on March 17, CryptoWallet received a stamp of approval from Estonia’s Financial Intelligence Unit (FIU). The
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Coinbase met with Australian banking regulators over local crypto regulations
The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.Responding to Cointelegraph’s request for comment, an RBA spokesperson confirmed recent reports that these private meetings had occurred, stating that Coinbase met with
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President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no one is above the law. And finally, we must reduce the risk of this happening again. During the Obama-Biden administration, we put in place
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Russian Crypto Industry Association Asks Putin to Help With Regulations – Regulation Bitcoin News
The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses Want Putin to Engage With Regulatory Process The Russian Association of Cryptoeconomics,
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Coinbase CEO Calls for Clear Crypto Regulations in US to Catch Up with Other Global Financial Hubs
According to Armstrong, the crypto asset market is here to stay, thus the reason traditional financial services are integrating with the blockchain and cryptocurrency industry. The call for crypto asset regulations in the United States has intensified following the collapse of Terra Luna UST and FTX last year. Already, the United
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French Lawmakers Approve Stricter Crypto Regulations
Meanwhile, existing crypto service firms can continue operating as usual. French lawmakers have voted in favor of stricter crypto regulations in the country. The bill, as proposed by Senator Hervé Maurey, sought to restrict crypto companies in France from operating without a full license. In January, the Bank of France Governor,
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The limitations of the EU’s new cryptocurrency regulations
The final vote on the European Union’s much-awaited set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023. It was not the first delay — previously the European lawmakers rescheduled the procedure from November 2022 to February 2023. The setback, however, was
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