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A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening anti-money laundering measures for crypto. Source
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Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict
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The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene
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The draft of at least some of this legislation was introduced only in late September, local reports show, indicating how quickly the new rules are moving forward. The bills address the issuance and circulation of "secured and unsecured digital assets," according to Ekaterina Smyshlyaeva, a member of the lower house's
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“This turmoil has once more underlined the need for a comprehensive approach to crypto-asset regulation,” Knot added, after a volatile year that saw the price of major assets like bitcoin (BTC) and ether (ETH) tumble, and the total collapse of companies like crypto lender Celsius Network. Tuesday’s reports are a
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At a Wednesday meeting, diplomats, representing the bloc's member governments in the EU's Council, signed off on the text of laws which were the subject of a political deals struck in June, apparently without further discussion, a source briefed on the talks told CryptoX. Source
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"The CFTC should be required to take additional steps to provide notice of this Complaint to the person[s] it alleges have violated the Commodity Exchange Act ('CEA'). Service by posting on a website, without any additional effort, falls far short of what the Constitution requires," the filing said. Source
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An original June 2021 plan from the Basel Committee, which told banks to issue $1 in capital for each $1 of crypto they hold, drew a volley of criticism for being too conservative, effectively ruling out any incentive to get into crypto markets. A later iteration, published one year later,
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Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The changes will bring Japan up-to-date with Financial Action Task Force (FATF) recommendations.An amendment to the Act on Prevention of Transfer of Criminal Proceeds will
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