Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framewor...
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes.” In addition, the regulator revealed in a statement that it had consulted the “concerned authorities” during the development of....
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The Securities and Commodities Authority (SCA) has stated that the United Arab Emirates (UAE) is moving closer to providing a regulatory and supervisory framework that will control the country’s virtual asset business. The Securities and Commodities Authority (SCA), a UAE securities regulator, has stated that it is close to “issuing the regulatory and supervisory framework […]
Taiwan’s financial regulator, the Financial Supervisory Commission (FSC), has released a set of guiding principles explicitly designed for crypto-related firms and businesses. Thanks to this significant development, the East Asian country seems closer to attaining regulatory clarity in its cryptocurrency industry. Taiwan Restricts Offshore Virtual Asset Platforms In New Guidelines In a press release published […]
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to determine who’s going to take charge of crypto market oversight, the Korean Herald noted in an article published this weekend. The executive power in Seoul announced Friday that the task has been....
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said. As Binance faces scrutiny from regulators around the globe, Poland's finance watchdog has issued a consumer warning about the cryptocurrency exchange.On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not regulated in Central European country. The crypto market is “neither regulated nor subject to supervision” by....
The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.” The Financial Stability Board (FSB), a global financial regulator including all G20 countries, is preparing to propose international regulations for cryptocurrencies and stablecoins in October.The FSB on Monday issued a statement on the international regulation and supervision of crypto asset activities, announcing a major crypto regulation effort.The watchdog is planning to report to the G20 finance minister and central bank governors....