UAE Close To Issuing New Regulatory Framework For Crypto Firms, Says Regulator
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 […]
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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....
The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]
The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues.
Iran Resumes Issuing Licenses to Crypto Miners
The Iranian government approved a set of “comprehensive and detailed” crypto regulations during a meeting last week that include provisions for crypto mining.
Reza Fatemi Amin,....
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 U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration. FCA Extends Deadline for Crypto Firms The U.K.’s Financial Conduct Authority (FCA) updated information on the Temporary Registration Regime (TRR) on its website Wednesday, ahead of the April 1 registration deadline for crypto firms. The Temporary Registration Regime was established in December....