Crypto Regulation
South Africa Declares Crypto Assets as Financial Products
All South African crypto businesses must apply for a license to operate legally.Declaration quotes, crypto assets are financial products, not legal tender.The crypto Twitter community…
US Futures Trading Regulator is Re-classifying Retail Investors
The CFTC may be redefining who a retail investor is to capture high and low earners.CFTC boss said the current definition is too broad to…
SEC Chairman Requests Help of Whistleblowers To Detect Violators
SEC Chairman requests whistleblowers’ help to detect, investigate and prosecute violators.10%-30% of the money collected will be awarded to whistleblowers with legit information.Empower Oversight blames…
EU Commissioner Urges US To Create Regulation for Crypto Industry
Mairead McGuinness urged the US to create new rules to govern the crypto industry.The commissioner spoke during a trip to Washington DC to discuss the…
FTX is Excited To Be Regulated in Dubai By VARA: Tweets FTX CEO
FTX CEO, Sam Bankman-Fried announced that FTX gains approval to operate in Dubai.FZE, a subsidiary of FTX received the license under VARA’s MVP program in…
Japan Revises Six Laws To Combat Cryptocurrency Money Laundering
Japan revises six laws related to the Foreign Exchange Act.The bill proposes an increase in penalties for crimes related to money launderingCrypto exchanges will now…
India Calls for Development of Crypto SOPs During G20 Lead
Indian Finance minister announced plans to develop Crypto SOPs.Minister claims no single nation can regulate the crypto sector on its own.She emphasized the need for…
“India to develop cryptocurrency framework”: Finance Minister N Sitharaman
Sitharaman pointed out that G-20 or the World Bank, are assessing crypto assets.She said that no single country can effectively handle or regulate crypto assets.G20…
Why is Elon Musk Under Investigation by Federal Authorities?
Elon Musk was under investigation by federal authorities.The Investigation was based on his $44 billion deal with Twitter.The filing did not particularly mention the reason…
Kazakhstan Proposes To Form Legal Framework for Crypto
New bill states miners will have to mandatorily trade on domestic crypto exchanges.The draft proposes to impose various taxes on miners’ earnings.The focus is on…
