Regulations News

The UK’s Financial Conduct Authority (FCA) granted crypto licenses to just four out of 35 applicants for the year ending March 31, 2024, rejecting 87% of submissions.

Jake Chervinsky, Chief Legal Officer at VariantFund, has suggested that we might see heightened regulatory actions in the cryptocurrency sector as September ends.

South Korea’s Financial Supervisory Service (FSS) is set to crack down on virtual asset exchanges, focusing on uncovering illegal or suspicious activities.

Japan is poised to lower its cryptocurrency tax rate significantly, cutting it from the current 55% to a flat 20%.

During a private discussion at Korea Blockchain Week 2024 in Seoul, U.S. SEC Commissioner Mark T. Uyeda emphasized the need for the SEC to create a specialized Form S-1 for digital asset-related securities.

The Qatar Central Bank, along with the Qatar Financial Centre Authority and the Qatar Financial Centre Regulatory Authority, has unveiled a new regulatory framework for digital assets within the Qatar Financial Centre (QFC).

Abu Dhabi’s Financial Services Regulatory Authority (FSRA) plans to oversee fiat reference tokens (FRTs), a type of stablecoin, in response to growing stakeholder interest.