crypto regulatory framework – DIGIT INFO

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto

DIGIT — Sat, 28 Jan 2023 03:30:31 +0000

A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to go through all the crypto tokens that are allegedly securities. SEC’s Commissioner on Crypto […]

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South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan

DIGIT — Sun, 17 Jul 2022 10:20:21 +0000

South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services. The firm, however, says the South African Reserve Bank (SARB) “will […]

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SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges

DIGIT — Wed, 06 Apr 2022 03:30:49 +0000

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and Exchange Commission (SEC), […]

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Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry

DIGIT — Mon, 07 Feb 2022 13:00:01 +0000

The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access to Banking and Financial Services The Nigerian blockchain advocacy group, […]

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Central Bank of Jordan Exploring the Possibility of Launching a CBDC

DIGIT — Tue, 01 Feb 2022 11:49:43 +0000

The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary legislation has been put in place. Protecting Investors Jordan […]

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Report: Pakistan Likely to Earn Billions From Cryptocurrency

DIGIT — Thu, 06 Jan 2022 21:30:54 +0000

According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets […]

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IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’

DIGIT — Sat, 11 Dec 2021 14:30:52 +0000

The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should […]

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Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022

DIGIT — Sat, 11 Dec 2021 05:30:15 +0000

In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products 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 […]

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US Treasury Department Officials Discuss ‘Risks and Benefits Posed by Stablecoins’ With Players From Financial Industry

DIGIT — Mon, 13 Sep 2021 08:49:49 +0000

The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins would require direct oversight if they become extremely popular.” Policymakers Alarmed by Growth of Crypto […]

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Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework

DIGIT — Tue, 10 Aug 2021 09:30:53 +0000

Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence and boost participation by innovators.” Uganda’s FIA Calls for Crypto Framework The remarks by BAU’s […]

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