The growth of cryptocurrency from speculative investment to a new asset class has prompted governments around the world to explore ways to regulate it. Below, we summarize the current digital currency regulatory landscape in several countries. United States The U.S. announced a new framework in 2022 that opened the door to further regulation. The new...
In a bid to expand into new sectors, Hong Kong has been advocating for cryptocurrency acceptance. As the Securities and Futures Commission in Hong Kong gears up to publish regulations for the cryptocurrency sector, the crypto industry in Hong Kong is abuzz with anticipation. On the 1st of June, Hong Kong’s investors will be able...
The number of crypto companies in Estonia has drastically dropped due to changes in regulatory laws. Recently, the country’s money laundering regulator, the Estonian Financial Intelligence Unit (FIU) released, introduced stringent regulatory checks that led to the voluntary shutdown of several crypto firms. The regulator also withdrew some licenses from VASPs. The outcome of such...
Despite banning crypto transactions in February 2021, Nigeria is now considering a new approach to digital asset trading by allowing asset-backed tokens. According to a recent report by Bloomberg, the Nigerian SEC has opened up the application process for digital exchanges to test tokenized asset offerings. This move is part of the country’s efforts to...
Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out. Forbes Ukraine reported that the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine (the central bank), and MPs are currently working on a...
