Singapore passes bill to tighten regulations for crypto providers
Countries regulating crypto laws for providers are no longer news, Singapore has passed a law to further tighten regulations for crypto providers and Virtual asset service providers in general. Singapore has passed a bill tightening regulations for cryptocurrency exchanges, the latest hint of the country’s hesitant embrace of the industry. Virtual asset service providers in […]
The official Indian crypto advertisements guideline has 5 essential points
The new rules of Indian crypto advertisements limit the size and phrasing of disclaimers, and also make it illegal to portray the stock market as a “get rich quick plan.” On Wednesday, the Advertising Stands Council of India (ASCI) issued a set of 12 recommendations regarding the promotion and advertisement of virtual digital assets (VDA), […]
Hindu group in India calls for tougher crypto regulations
Mohan Bhagwat, the head of India’s right-wing Hindu nationalist organisation, has called for proper policing of the crypto space along with other stricter measures targeted at the digital space. The RSS chief made these remarks during a speech commemorating the Hindu festival of Dussehra , according to Asian News International. Despite multiple rumours of impending […]
Biden administration sets bank-like regulations for stablecoin issuers
As part of plans to tame the rapidly growing stablecoin market, the Biden administration is said to be developing a new legal framework for stablecoin issuers that would classify them alongside banks. The Wall Street Journal reported on Friday that the government is trying to persuade Congress to create a new “special-purpose charter” for stablecoin […]
Afterpay is set to explore crypto services after clarified regulations
Afterpay, an Australian buy-now-pay-later (BNPL) company that is now owned by Jack Dorsey’s Square, has stated that it plans to pursue bitcoin services once the legislative framework is clear. Representatives from Afterpay spoke at the Senate inquiry into “Australia as a Technology and Financial Center” on Sept. 8, following up on their contribution to the […]