South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022

The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers […]

Go to Source

Powered by WPeMatico

SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler

US SEC Has Taken 97 Crypto Enforcement Actions So Far: ReportThe U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” last week. The report analyzes SEC enforcement […]

Go to Source

Powered by WPeMatico

India Has New Plan to Regulate Cryptocurrencies: Report

India Has New Plan to Regulate Cryptocurrencies: ReportIndia is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities […]

Go to Source

Powered by WPeMatico

Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset

Liberian Central Bank Asks Local Crypto Start-Up to Drop its Plan to Launch a Digital AssetThe Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an […]

Go to Source

Powered by WPeMatico