Turkey Advances Crypto Regulation to Final Stage
Turkey is nearing the finish line of its crypto regulation, emphasizing international alignment and comprehensive oversight for blockchain development. Turkish Minister of Treasury and Finance Mehmet Şimşek stated that the framework for cryptocurrencies designed for the Turkish market is almost finished, with work now concentrated on assessing the technical aspects of its deployment in an […]
SEC Adopts New Regulation to Protect Asset-Backed Securities Investors
SEC Rule 192 improves market fairness and strengthens public confidence in the financial sector by protecting ABS investors from transactions that could be conflicted. A strict rule aimed at removing conflicts of interest in the selling of asset-backed securities (ABS) has been introduced by the Securities and Exchange Commission (SEC). The implementation of Rule 192 […]
WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
UK Outlines Stablecoins Regulation Plans
Non-fiat-backed stablecoins, including algorithmic stablecoins, will not be permitted in regulated payment chains. The government of the United Kingdom has published an update to its plans to regulate fiat-backed stablecoins. However, the document , published on 30 October, seeks to facilitate and regulate the use of fiat-backed stablecoins in U.K. payment chains. His Majesty’s Treasury plans to […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]