Regulation


Policy

Huobi Global to Expel Singapore Users, Citing Local Regulations

The exchange is looking to expand overseas to make up for lost Chinese users.

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Policy

What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets

Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash.

(Art Institute of Chicago)

Finance

‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu

“There is some risk that folks who are least able to bear it lose their money,” the acting comptroller of the currency warned on CoinDesk TV Monday.

Acting Comptroller of the Currency Michael Hsu on CoinDesk TV.

Policy

US Stablecoin Report Gets Mixed Reviews From Crypto Industry

Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.

“The crypto industry is trying to walk a fine line between benefiting from the legitimacy provided by government oversight while trying to stay clear of extensive and intrusive regulation," says one academic. (Art Institute of Chicago)

Policy

Kazakhstan Passes Law to Monitor Crypto Services for Money Laundering, Terrorism Financing

The law approved by the country’s parliament would make financial monitoring a requirement for digital asset platforms.

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Policy

S. Korean Regulator Says NFTs Are Not Virtual Assets: Report

Seoul will follow FATF guidance on the matter of NFTs and its regulation.

Gyeongbokg palace in Seoul. (Image credit: Chan Young Lee/Unsplash)

Policy

Kazakhstan Limits Crypto Investment for Retail Players: Report

The country’s financial regulator is worried about the high risk associated with crypto.

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Finance

CryptoCompare Gets FCA Authorization to Operate as Benchmark Administrator

The London-based company provides data and benchmarks for digital assets based on market research and methodologies.

(Shutterstock)