Philippines SEC Releases New Crypto Regulatory Framework Draft
A draft of the Securities and Exchange Commission Philippines’ framework for regulating cryptocurrencies was made public. Feedback on the draft is requested from stakeholders by January 18, 2025. “SEC Rules on Crypto-Assets Service Providers (CASP Rules)” is the title of the released regulatory draft, according to the recently shared document. The framework addresses a variety […]
UK to Issue Crypto Regulatory Framework by Early 2025
A Treasury official stated that a draft regulatory framework for crypto assets would be prepared in the United Kingdom by early next year. The Conservative administration of Prime Minister Rishi Sunak, as well as specific regulations that were anticipated last summer, were ultimately defeated by a general election. Keir Starmer’s Labour government, which assumed office […]
UK Treasury to Provide Crypto Regulatory Framework by July
By July, the United Kingdom Treasury plans to provide a regulatory framework for stablecoins and crypto assets to promote innovation in blockchain technology and digital assets. Speaking at the Innovate Finance Global Summit (IFGS) 2024, Bim Afolami, economic secretary to the Treasury of the United Kingdom, disclosed the government’s continuous efforts to establish a foundation […]
Turkey to Finalize Crypto Regulatory Framework in 2024
The Presidential Annual Program for 2024, published in Turkey’s Official Gazette on October 25th, aims to finalize the country’s crypto regulatory framework within the following year. Article 400.5 of the nearly 500-page document details the intended studies to define crypto assets, which may be taxed appropriately in the future. The purveyors of crypto assets, i.e., […]
Financial Stability Board Devises Global Crypto Regulatory Framework
The Financial Stability Board (FSB), an international organization that oversees the global financial system, has devised a global framework for cryptocurrencies. On July 17, a public note and two separate guiding documents were made public. The document includes general high-level recommendations for crypto regulation and “revised high-level recommendations” for a “global stablecoin.” The latter is […]