South Korea, Singapore, Thailand clarify crypto rules as U.S. in state of regulatory ‘warfare’

While some Asia nations, such as Singapore and Thailand, seem to be following the U.S. Securities and Exchange Commission (SEC) in frowning upon certain products offered by exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America

• 2023-07-09
• South Korea U.S. Securities and Exchange Commission digital assets Singapore cryptocurrency exchanges John Cahill Congress John Rizzo cryptocurrency crypto rules financial technology

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House

The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.

• 2023-06-20
• FSMB Markets Bill crypto rules

Hong Kong legislator encourages Coinbase to set up shop in city under new crypto rules

Local legislator suggests global cryptocurrency exchanges such as U.S.-based Coinbase set up operations in Hong Kong as the city’s new licensing regime for crypto retail trading took effect on June 1.

• 2023-06-12
• Hong Kong Coinbase crypto rules crypto exchanges

UK to curb crypto advertising with 'cooling off' periods, risk warnings

British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to put in place clear risk warnings and ensure adverts were clear, fair and not misleading. The new crypto rules, which are similar to those imposed by

• 2023-06-08
• Financial Conduct Authority financial regulator crypto rules risk warnings

Europe a 'Significant Beneficiary' of US Crypto Regulatory Confusion: Ripple CEO

With regulators stateside still scrambling to rein in the industry, rule makers in Europe, notably in France, are extending invitations.

• 2023-05-18
• regulatory framework French authorities crypto rules American companies crypto regulations European market international companies France Metz France American firms Brad Garlinghouse Brian Armstrong Crypto Assets

With MiCA Past the Finish Line, UK's Crypto Industry Calls for Rules of Its Own

The finalization of the landmark law puts “significant pressure” on the U.K. to deliver its own crypto rules, one industry group said.

• 2023-04-22
• MiCA The European Union crypto rules

Coinbase CEO: Crypto firms will develop "offshore" without clear regulations

Clarity on crypto rules in "onshore" locations such as Britain and the United States is needed otherwise crypto firms will develop "offshore," the chief executive of major U.S. crypto exchange Coinbase Global Inc said on Tuesday. Asked about the failure last year of the Bahamas-based FTX exchange, Brian Armstrong told a conference in London: "This is the reason why we need clarity about legislation and regulation onshore because if the UK doesn't have this, if the US doesn't have this, these fi

• 2023-04-18
• Brian Armstrong Coinbase Global Inc crypto rules the United States offshore havens

EU calls for fast-track crypto capital rules for banks

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union's pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc's executive has said. The global Basel Committee of banking regulators from the world's main financial centres has set a January 2025 deadline for implementing capital requirements for banks' exposures to cryptoassets such as stablecoins and bitcoin. "For the time being, banks have very low crypto-asset exposur

• 2023-02-20
• Basel Committee European Union European Commission crypto rules banking law banks