China and UK Collaborate On New Financial Regulatory Framework
This news comes at a time where the UK finds itself in an awkward position after the Brexit. Many experts assumed the region would lose its appeal in the financial sector, but that does not appear to be the case. Regulation plays an integral role in the world of finance. Now that Fintech and Bitcoin efforts are gaining more traction, a lot of these guidelines need to be revised and updated. Regulators in the UK and China will be working together to create a new framework for financial projects in the 21st century. In the world of regulation, collaboration is a must these days. When....
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China's president said the nation should proactively participate in setting the international framework.
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said.
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South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory framework that covers cryptocurrency in early 2022.
According to Unathi Kamlana, a commissioner with FSCA, the new framework will determine how the trading of crypto coins like bitcoin (BTC) should be conducted. In his remarks during an interview, Kamlana suggested his....
The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized.
ECB’s Regulatory Plan for Crypto Assets
The European Central Bank (ECB) outlined its plan to harmonize the regulatory framework governing crypto activities and services in the EU Wednesday. The regulator explained that banks are increasingly considering whether to offer crypto products and services, and it is the ECB’s....
The US Securities and Exchange Commission (SEC) will enhance the regulatory framework for derivatives use by registered investment companies after passing a vote to either change or amend existing rules. As part of the new framework–which covers mutual funds, exchange-traded funds (ETFs), and closed-end funds–operators must undertake to implement a written derivatives risk management program. A Modern Approach to Derivatives Regulation The rule changes, which open the doors for more leveraged ETFs, will also permit a fund to enter into reverse repurchase agreements and similar....
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October.
FSB to Present Robust Crypto Regulatory Framework to G20 in October
The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, released a statement Monday on the “international regulation and supervision of crypto asset activities.”
The G20 watchdog stated....