Policy
South Korea Orders Crypto Exchanges to Maintain At Least $2.2M in Reserves
New guidelines require cryptocurrency exchanges to build a minimum reserve of $2.28 million starting in September.
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crypto regulation
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crypto regulation
Policy
Australia’s Parliament Rejects Crypto Regulation Bill
The bill has received widespread criticism from the Australian Senate due to its misaligned crypto approach and strategies.
Policy
US Treasury Unveils New Reporting Rules to Fight Crypto Tax Evasion
US Treasury and IRS proposed new reporting rules to reduce tax evasion in the digital assets sector.
Crypto
OKX Sets Deadline for Users to Complete KYC, Strengthens Policy
OKX set September 21st as the deadline for users to complete its advanced verification process.
Crypto
Dubai Regulator Fines 3AC Founders’ New Exchange $2.7M
Dubai's top financial regulator VARA issued a $2.7 million fine to OPNX in May. The fine was imposed in May and remains unpaid.
Crypto
Singapore’s MAS Finalizes Framework for Stablecoin Regulation
Singapore introduced a new regulatory framework on Tuesday to label stablecoins.
Crypto
HashKey Acquires License to Offer Crypto Trading in Hong Kong
Hong Kong's first license to a cryptocurrency exchange under its new regulatory regime was awarded to HashKey.
Crypto
Binance Obtains License to Operate as a Crypto Broker-Dealer in Dubai
On Monday, Binance became the first cryptocurrency exchange to acquire an operational license in Dubai.
Policy
Indonesia Launches State-Backed Digital Asset Exchange
Following multiple delays, Indonesia launched its government-sanctioned national cryptocurrency exchange.
Crypto
Kuwait Bans All Crypto-Related Activities to Fight Money Laundering
To tackle money laundering and terrorist financing, Kuwait announced an absolute ban on crypto activities.
DeFi
New US Bill Mandates KYC for DeFi Platforms and Bitcoin ATMs
A recently introduced bill aims to sever financial privacy from the DeFi ecosystem.
Crypto
Nasdaq Discards Plans to Launch Proprietary Crypto Custody Service
In its Q2 earnings call, Nasdaq announced it will stop making efforts to launch its crypto custody service due to regulatory heat in the US.
Policy
FSB Tackles Regulatory Arbitrage in Final Recommendation
The financial oversight arm of G20 nations finalized its cryptocurrency regulation framework.