Regulations

Cryptocurrency
Kenya Seeks to Tax Crypto Owners and Recognize Cryptos As Securities In Proposed Law

Kenya is attempting to tax more than 4 million owners of digital assets through a new bill that, if passed, will put this quickly expanding sector under regulatory scrutiny for the first time ever in the East African nation’s history.…

Cryptocurrency
JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers

The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO).  JP Morgan’s Crypto Plans The legacy bank will start providing…

Crypto Exchange
FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue

As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…

Cryptocurrency
SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises

Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…

Cryptocurrency
Panic Among Investors After FTX StableCoin Reserves Plunge

Some people are warning that funds on FTX could be at risk. The concerns in the cryptocurrency community that FTX might cause another crash like Terra have been raised as a result of the rapid fall in stablecoin reserves on the…

Bitcoin
UK Legislators Enact Laws to Restrict Crypto Ads

On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…

Cryptocurrency
Europe’s New MiCA Clause Targets Crypto Influencers

Crypto influencers may be greatly impacted by the EU’s Markets in Crypto Assets (MiCA) law because several of its provisions appear to call for strict regulation. Promoting and Profiting Covertly Will Be Illegal Patrick Hansen, the director of EU strategy…

crypto adoption
Philippine bank has just taken the country’s crypto adoption to the next level

Union Bank of the Philippines, a banking giant in the Philippines has just taken cryptocurrency adoption to the next level after launching a cryptocurrency Automated Teller Machine (ATM)-the first of its kind in the country. According to a local news…

Cryptocurrency
Costa Rican Lawmaker Proposes Legislation to Control And Recognize Cryptocurrency

The “Cryptoassets Market Law (MECA)” bill, put up by Costa Rican congresswoman Johana Obando, seeks to regulate and legalize cryptocurrencies in the Central American nation.  Congressmen Luis Diego Vargas and Jorge Dengo seconded her and stressed the need for the…

Regulations
South Africa Declares Digital Assets to Be Financial Products.

With the country’s financial authority designating digital assets as financial goods, South Africa has made a significant advancement in Bitcoin legislation. The Financial Advisory and Intermediary Services Act of the nation was revised to incorporate digital assets, according to a…