Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]
Binance set to become UK’s registered firm amid regulatory roadblocks
Despite being ordered by the country’s regulator to stop trading in June, Binance CEO says the company aims to expand to the United Kingdom in the next six to 18 months. In June, the Financial Conduct Authority (FCA) of the United Kingdom removed Binance ‘s permission to trade in the country, as part of a […]
FTX exchange proposes 10 points to assist the US in developing a crypto-regulatory framework
FTX, a cryptocurrency exchange based in the Bahamas, has released a 10-point proposal that contains a set of principles and ideas to assist the US policymakers in developing a crypto-centred regulatory framework. After Maxine Waters, the leader of the House Committee on Financial Services, asked several CEOs of large crypto firms to speak on the […]