India to Release Cryptocurrency Policy Discussion Paper
Indian regulators plan to release a discussion paper on the country’s position on cryptocurrencies by the conclusion of 2024. Ajay Seth, the secretary of Economic Affairs, stated in a recent interview that the discussion paper will clarify the government’s position toward cryptocurrency. The document aims to gather feedback from important parties to develop cryptocurrency regulations […]
South Korea Strengthens Crypto Regulations with User Protection Act
South Korean cryptocurrency investors should expect tighter protections next month after the government approved new legislation to protect users in the case of a crypto exchange bankruptcy. The Financial Services Commission (FSC) declared on Tuesday that the enforcement decree, scheduled to go into effect on July 19, is a component of a larger plan to […]
EU Adopts 14th Package of Sanctions Against Russia
The European Union has introduced new sanctions targeting crypto providers outside of Europe that support Russia’s defense sector. In order to “target high-value sectors of the Russian economy, like energy, finance, and trade, and make it ever more difficult to circumvent EU sanctions,” European leaders have approved a new round of penalties. Restrictive measures on […]
Italy Considers $5.4m in Penalties for Crypto Insider Trading
According to reports, Italy is thinking about raising the penalties for cryptocurrency offenses in an effort to lessen market manipulation. Reuters has discovered that Italy’s government is considering more severe sanctions for individuals manipulating the cryptocurrency market, citing a draft decree. If the proposed legislation is enacted, it will impose punishments for crimes like insider […]
South Korea May Delist 600 Altcoins Under New Law
South Korean financial authorities may delist about 600 altcoins this year under the new Virtual Asset User Protection Act. According to Korean news medium Dnews, which cites sources familiar with the situation, South Korea’s financial authorities will start re-evaluating more than 600 cryptocurrency listings on local trading platforms in July after the implementation of the […]