The UK’s Financial Conduct Authority (FCA) stands at the forefront of the ongoing debate regarding the regulation of the cryptocurrency sector. On October 21, Val Smith, the FCA’s head of payments and digital assets, published a blog post attempting to clarify the agency’s resolute stance on stringent regulatory measures. Critics argue that these measures could
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In recent years, the realm of cryptocurrencies has witnessed exponential growth, accompanied by an alarming rise in cyberattacks targeting digital assets. The European Securities and Markets Authority (ESMA) has recognized this escalating threat and is urging EU lawmakers to enhance regulations to wield a firmer grip on the cryptocurrency sector. A report by the Financial
In the rapidly transforming world of cryptocurrency, few voices resonate as clearly as Semilore Faleti’s. His journey into the realm of digital assets emerged from the crucible of diverse writing experiences, culminating in a specialization that marries journalism with the burgeoning trends in blockchain technology. What sets Faleti apart is not merely his content creation
On October 10, 2023, the Financial Services Commission (FSC) of South Korea made a significant announcement that is poised to reshape the regulatory landscape for cryptocurrencies in the nation. The establishment of a Virtual Asset Committee marks a pivotal moment in how South Korea attempts to govern and guide the burgeoning digital asset market. Tasked
In a significant initiative geared towards digital financial innovation, Taiwan’s Financial Supervisory Commission (FSC) has unveiled plans for a pilot program dedicated to digital asset custody services. Announced on October 8, this program will allow financial institutions to apply for the capacity to safeguard digital assets, including cryptocurrencies, for their clientele. This is a crucial
The landscape of cryptocurrency regulation in the United States has become increasingly contentious, and the recent lawsuit filed by Crypto.com against the U.S. Securities and Exchange Commission (SEC) highlights the severity of the discord. This legal action sheds light on critical issues surrounding regulatory authority, compliance, and the future of cryptocurrency in the country. On
In a compelling address at the Bundesbank Symposium on the Future of Payments, Piero Cipollone, an influential member of the European Central Bank’s Executive Board, spotlighted the crucial role digital assets and distributed ledger technology (DLT) can play in the future of Europe’s capital markets. His remarks came at an opportune moment when the conversation
The landscape of cryptocurrency regulation is evolving rapidly in Hong Kong, with the Securities and Futures Commission (SFC) on track to issue new licenses to crypto businesses by the year’s end. This dynamic change signals the city’s ambition to solidify its standing as a major player in the global digital asset market. Recent reports indicate
The Hong Kong Virtual Asset Exchange (HKVAX) has recently celebrated a significant achievement by obtaining crucial licensing from the Securities and Futures Commission (SFC) of Hong Kong. This accomplishment marks a pivotal moment in the evolution of the virtual asset trading sector in the region, positioning HKVAX as the third licensed cryptocurrency exchange and the
In a significant move reflective of the evolving regulatory landscape in Europe, cryptocurrency exchange Kraken has announced the cessation of support for Monero (XMR) within the European Economic Area (EEA). As stated in a release on October 1, trading and deposit functionalities for XMR will be halted effective October 31, 2024, at 15:00 PM UTC.