Search Results for "regulations"
US Government Removes Cryptocurrency AML Provisions from NDAA
The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.
Reserve Bank of India Says Banks Are Authorized to Provide Accounts to Cryptocurrency Traders
The Reserve Bank of India recently responded to an information query, saying that Indian banks are not prohibited from dealing with crypto businesses.
Ugandan FIA Urges Central Government To Regulate Cryptocurrencies
Uganda's FIA urges the central government for comprehensive regulation of the digital currency industry nationwide.
Chinese Banks Embrace Crypto in Hong Kong
Chinese banks are collaborating with cryptocurrency companies in Hong Kong, providing account services and acting as settlement banks. Despite China's crackdown on crypto in the mainland, the country's state-affiliated banks are building partnerships in Hong Kong, taking advantage of the city's push to become a crypto hub.
US SEC Chair Gary Gensler: Coinbase and Other Crypto Exchanges Must Register with Agency
After raising concerns over Coinbase’s lending product, US SEC Chairman Gary Gensler has once again reiterated that cryptocurrency exchanges should register with the commission.
Cyprus Tightens Crypto Regulations with Hefty Penalties for Non-Compliance
Cyprus is tightening its cryptocurrency regulations by introducing hefty penalties for non-compliance. The government aims to align with international AML/CFT standards and has submitted a legislative amendment for review. All crypto service providers must register with CySEC, facing fines or imprisonment for non-compliance.
Huobi Global Moves its Central Operating Base to Gibraltar
Huobi Global, one of the world’s largest digital currency trading platforms has announced the move of its operational headquarters to Gibraltar, a small British enclave in the Southern part of Spain.
California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025
California Governor Gavin Newsom signed the Digital Financial Assets Law on October 13, 2023, initiating a robust regulatory framework for cryptocurrency activities in the state from July 1, 2025. The law necessitates licensure from the Department of Financial Protection and Innovation for individuals and businesses dealing in digital assets. This regulatory shift, contrasting Newsom’s earlier stance in 2022, aligns with broader national trends towards formalizing digital asset transactions to curb fraud and enhance consumer protection.
US Senators Made Bipartisan Compromise on Crypto Clause in Infrastructure Bill
The group of Senators pushing for amendments to the Infrastructure Bill has arrived at a compromise as confirmed in a press conference held on Monday.
Bitcoin ATM Operators Joins Forces to Float New Compliance Cooperative
A group of crypto industry Bitcoin ATM operators and firms have floated the Cryptocurrency Compliance Cooperative to bolster regulatory compliance.
Sango Coin Listing Delayed in Central African Republic
The launch of the Central African Republic's Sango Coin has been postponed for a few weeks due to legal and regulatory obstacles. The Sango Project, which is behind the initiative, stated that the delay is necessary to ensure compliance with all relevant regulations.
New York State Watchdog Orders Two Crypto Firms to Close Operations, Launching Further Investigations
The Office of the New York Attorney General (NYAG) has directed two unnamed crypto lending firms to halt their operations in the state, indicating these firms are involving ineffective registration.