Regulations News

Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms, as announced by Eric Yip, Executive Director for Intermediaries at the Securities and Futures Commission (SFC), during Fintech Week.

Europe’s upcoming Markets in Crypto-Assets Regulation (MiCA), effective December 30, poses significant challenges for stablecoin issuers by requiring them to hold at least 60% of reserves in European banks.

The SEC’s stringent regulations on cryptocurrencies are drawing significant backlash, especially from Nic Carter, who criticized the agency’s policies for pushing investors toward meme coins.

India’s approach to cryptocurrencies and central bank digital currencies (CBDCs) is sparking debate, with some suggesting CBDCs could have advantages over private cryptocurrencies.

Russian President Vladimir Putin recently signed a new law on cryptocurrencies that expands the legal framework for their mining and related infrastructure across the country.

On Thursday, the Netherlands launched a public consultation on a proposed law that would require crypto service providers to disclose user data to tax authorities.

This tax will apply not only to cryptocurrencies purchased after that date, but also to assets acquired as early as January 2009, when the first Bitcoin block was mined.