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Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO). A Global Body to Coordinate Crypto Rules Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this
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The EU bill would also tackle decentralized finance and bitcoin's energy use. Original Source
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While the industry views the announcement as a soft step toward regulation before crypto-specific legislation is enacted, the government has not suggested the move is a step toward regulation. A similar, but much stronger, move was the rule to tax crypto businesses before crypto-specific legislation, announced in February. At the
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Lawmakers could be swayed by the risk of a legal challenge, Schrepel believes – but in practice it may be difficult to get them to retreat from a position they share with the Council. In other areas there is less consensus on the right approach – and, for the law
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GameFi adoption has been hitting obstacles worldwide, including China and Korea, because of laws about converting in-game tokens to currency; major cryptos drop. Source
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"As of 2021, the bank failed to adopt and implement a compliance program that adequately covers the required BSA/AML program elements, including, in particular, internal controls for customer due diligence and procedures for monitoring suspicious activity, BSA officer and staff, and training," the order said. Source
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In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously, however, another important legislative development has been unfolding somewhat under the radar: negotiations
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In her address to the International Monetary Fund, Indian Finance Minister Nirmala Sitharaman called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities. LIVE NOW: A panel discussion on the policy challenges and opportunities of #DigitalMoney to the international monetary system. #CBDC
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“Although adoption is projected to grow in Great Britain in the midterm, the primary barriers to growth stem from security and regulatory concerns,” Emma McInnes, Global Head of Financial Services at YouGov told CryptoX in an interview. “With recent announcements made by the U.K. government regarding regulation of businesses exposed
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