South Korea has implemented its much talked-about “Virtual Asset User Protection Act” that defines the dos and don’ts for crypto firms, that wish to offer their services in the nation. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money…
European Union’s crypto-focussed MiCA legislation, created to govern the crypto sector, went live on June 30 almost one year after being finalised in April 2023. The aim of this legislation is to ensure that investors engaging with the crypto sector across the EU region are safeguarded against the factors of…
Cryptocurrencies have made their mark on the fintech sector in several nations but have met with regulatory challenges because of the associated risks and volatile nature of the crypto market. Hong Kong is the latest to join the list of Asian regions that are accelerating efforts to establish a regulatory…
India’s independent Web3 advisory body, the Bharat Web3 Association (BWA), has prepared a message for Nirmala Sitharaman, who returned as the nation’s finance minister for a second term this month. In its message shared with Gadgets360, the BWA said India needs a level playing ground for Web3 startups and businesses…
Robinhood, the US-based crypto trading service has found itself under legal issues in the US. Earlier this week, the US Securities and Exchange Commission (SEC) issued a ‘Wells Notice’ against Robinhood. With this, Robinhood has joined the list of several other crypto firms, that have had to face the SEC…
Dubai, that has emerged as a hotspot for crypto activities, is taking a new approach to inject power and support into smaller Web3 players. VARA, the Web3 regulatory body of Dubai wishes to make the operational and compliance process for small players more cost effective. Figuring out a way to…
The Financial Action Task Force (FATF) has expressed concerns that not many nations have implemented the rules it had laid down to regulate the virtual digital assets sector. In a report issued by the FATF, the delay in deploying and adoption of these crypto-related rules is leaving room for criminal…
Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai,…
The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital…
Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a…
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