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Policy
China’s BSN to Launch Portals in Turkey, Uzbekistan
The Chinese-built blockchain-as-a-service platform continues to expand around the world.

China Seeking Judicial Authority to Convict and Sentence Crypto Activities: Report
Judicial interpretations are likely to be issued in the future.

Sri Lanka Government Forms Panel to Study Digital Banking, Blockchain for Attracting Investment
Anti-money laundering, terrorism financing and Know-Your-Customer processes will also fall under the committee’s study mandate.

A16z Recommends US Regulate Crypto With Decentralization in Mind
The venture capital firm makes four proposals to Congress.

Brazilian Congress to Consider Bill Regulating Crypto Exchanges
The legislation would require companies to maintain closer records of their transactions and customers and create more severe penalties for crypto-related crimes.

S. Korea Bans Virtual Asset Services Staff From Trading Their Platform’s Tokens
Just days after the registration deadline for VASPs, South Korea announced another regulatory requirement.

More Crypto Platforms Exit China Following Ban on Transactions
Several crypto exchanges and other crypto-service companies are giving Chinese users the boot, according to multiple reports.

Alibaba to Stop Selling Crypto Mining Machines
The company said it was following Friday’s PBoC guidelines, but also taking note of global crypto regulation instability.

Central Bank of Chile Sets Up Team to Study CBDC Issuance
The team will present a white paper in first-quarter 2022 stating the objectives, requirements and regulations for the development of a digital currency.

China Tightens Crypto Mining Crackdown, Bans Trading
The country’s top regulators are not done with crypto.
