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Regulations
EU’s Leaked Metaverse Strategy Proposes Regulatory Sandbox, New Global Governance
Virtual worlds will need international engagement to stay open and secure, a leaked European Commission strategy paper said.
Bittrex Faced Enforcement Action From Florida Regulator Ahead of Bankruptcy
The state's financial regulator accused the U.S. firm of violating multiple state laws, and advised the company on how to explore settlement avenues, court filings show.
BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC
Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers
EU Metaverse Strategy Set to Examine Privacy, Competition and Rights
A policy paper next week won’t set legislative rules – but could point the way ahead on some key Web3 issues.
Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners
A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset.
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
The Danish Financial Supervisory Authority's explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations.
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.
Belarus Looks to Ban Peer-to-Peer Crypto Transactions to Reduce Fraud
The east European country is working on legislation to make it harder for fraudsters to get their hands on the proceeds of crime.
