regime – DIGIT INFO

Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

DIGIT — Wed, 10 May 2023 08:49:59 +0000

Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong […]

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

DIGIT — Mon, 16 Jan 2023 06:30:04 +0000

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have […]

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Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

DIGIT — Thu, 13 Jan 2022 14:30:33 +0000

A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia […]

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Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

DIGIT — Thu, 21 Oct 2021 18:30:59 +0000

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

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UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

DIGIT — Fri, 04 Jun 2021 02:00:48 +0000

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced […]

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Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

DIGIT — Tue, 24 Dec 2019 01:20:57 +0000

Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to the local regulations postulate. Also read: Poles Hit With Backdated Tax on Crypto Trades […]

The post Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell appeared first on Bitcoin News.

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