Gibraltar launches virtual asset regulation for financial service providers
Gibraltar has enacted new regulations for virtual assets and distributed ledger technology (DLT) service providers in a bid to face market manipulation and insider trading threats. Gibraltar’s government issued the 10th Regulatory Principle of the country’s financial services regulation on April 27. The information is contained in a Guidance Note issued by the Gibraltar Financial […]
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 […]