New U.S Regulatory Agency Possibly In The Works To Oversee Crypto Exchanges D...
The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, said Congress needs new regulatory frameworks for crypto exchanges. At present, no single agency is directly responsible for them, leading to an incoherent regulatory approach. A possible solution lies in the formation of a new agency to oversee crypto exchanges directly. Alternatively, an existing agency […]
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With major issues going on at Tokyo-based Mt. Gox with regard to users getting their funds out, some are turning to to Japan's Financial Services Agency (FSA) with the hope the banking watchdog can possibly help in some manner. Unfortunately, it doesn't seem like it's going to happen. A Wall Street Journal report indicates the FSA is declining to get involved in the drama. "Bitcoin isn't a currency; it works as an alternative to currencies, like gold," said a spokesperson for the agency. "The FSA is in charge of currency-based services. Therefore, bitcoin exchanges are not a subject to our....
The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, and mining, and determines the main regulatory body for the industry. Agency Under President Mirziyoyev to Oversee Crypto Market in Uzbekistan Uzbekistan’s head of state, Shavkat Mirziyoyev, has signed a new decree expanding the regulatory framework for the Central Asian nation’s crypto space. Its stated goal is to further develop digital technologies, create favorable....
A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned.
Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges
The National Agency of Project Management under the President of Uzbekistan has identified a number of online platforms offering crypto trading services without authorization. During a monitoring campaign on the internet, the....
Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam. Crypto exchanges with a presence in Turkey must now inform the Financial Crimes Investigation Board, or MASAK, about any crypto transactions over 10,000 Turkish liras ($1,200). Turkish Minister of Treasury and Finance Lütfi Elvan announced the new policy on a CNN Turk live broadcast last night. Two weeks after a $150-million fraud involving a major crypto exchange in Turkey, Elvan shared updates on the government’s draft crypto regulation on live TV. Turkey’s....
As bitcoin and digital currencies grow in popularity in South Korea, financial regulators have launched a digital currency task force to focus on regulatory and licensing parameters for bitcoin exchanges. In a meeting last week, the first of many over the coming months, the task force agreed that the bitcoin and digital currency sector needs to be regulated, according to regional publication Korea Joongang Daily. The Financial Services Commission (FSC) convened the meeting, besides launching the task force, and saw other authorities including the Bank of Korea, the country’s central bank,....